JOBURG – The department has set up camps and programmes for matric pupils to attend before the final exams.
JOBURG - Andrew van der Hoven, head of relationship banking at Standard Bank, has advised people on six important expenses they should always factor in when drawing up their monthly budget.
He explained that creating a budget was useful in helping consumers stay in control of their finances, but many become unstuck because they forget to take account of uncommon but important expenses.
“These are relatively manageable expenses, but we routinely forget to consider some significant expenses as well, and these can wreck even the most carefully planned budgets,” he said.
He highlighted the impact that various forms of tax could have on your budget, explaining that while income tax was usually deducted from a salary, capital gains tax from the sale of stocks or property or other forms of income have the potential to ruin budgets if consumers did not keep an eye out for them.
Another expense Van der Hoven highlighted was child maintenance, which in the event of a divorce, often affected both parents.
“The receiver of the support may budget for the income, but the liable parent may not hold up their end of the bargain for a number of reasons, so relying on this income can be a challenge,” he explained.
He concluded by urging consumers to not rely on income that may not come in, as this would negatively impact their budget.
“When you budget, use the money that you have, not the money you plan to have. Plan for the worst-case scenario and if the money comes in, it’s a bonus,” he said.
Other expenses consumers should factor in when budgeting include:
Sandton Police Station: 011-722-4200
Bramley Police Station: 011-445-4100
Fire and ambulance emergencies – 10177 (landline) or 112 (cellphone).