This online library will help you think about important financially focused questions that you should be asking.
It will also direct you to financial information that may be relevant to you and your current situation or life experiences.
What is a Life Experience?
We often talk about the big moments in our lives as ‘Life Events’ or ‘Life Stages’.
Life events are important moments in our lives but are not always a once off event, but rather a period in our lives that we are experiencing.
These times in our lives are called ‘Life Experiences’. You can live through more than one experience at a time and each experience could go on for a long time.
Most people may not live through some of the life experiences at all and will experience them at different times of their lives - there is no specific order (except for death).
Buying a car
Once you’ve passed your driving test, you’ll want to get your own set of wheels. But do not be too hasty. First do the math so that you do not over-extend yourself financially.
Questions
Consider these questions before you commit yourself to buying a car.
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
Have you saved up to buy the car cash or will you be taking finance for the car?
How much can you afford to pay for your car monthly?
Will you buy a new or used car?
Are you buying from a dealer, private sale or an auction?
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
Did you get the vehicle inspected before making a decision to buy?
What are your financial options – High purchase, balloon payment, etc.?
What insurance do you need – comprehensive, balance of 3rd party, etc.?
How will you maintain the car – motor plan options and noting the high maintenance costs of older cars?
Learning series
The FSCA have put together a learning series just for you. The topics selected will help you through the financial side of your life experience.
Recommended for you
The FSCA have made recommendations of topics that may help answer some of the questions you may have.
Download all the content for these topics in the resource folder.
How to access the resource folder
Click the menu button on the top left. Click on Resources. Download the documents.
Accessing other topics
Remember, these suggested topics are not the only ones available to you. If you would like to explore our other FSCA learning series you can visit our website.
www.fscaconsumered.co.za
Conclusion
We hope that the information is informative!
We challenge you to put this knowledge to practice so that you can make financially smart decisions!
Remember to download the content before exiting the module.
