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 house
Buying your first home is a milestone. It is a major decision that takes planning, research and careful budgeting.
Questions
Buying a house is a long-term commitment. Think about the following things before you rush into a decision.
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
How much can you afford to pay every month?
Have I found the right property and if not, how do I find the right property?
Do I need to have the house inspected?
Is the house in a good neighbourhood, close to schools and other amenities?
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
Does the house have all the essentials that I need?
Am I going to apply for a bond and where?
Do I have a deposit that I can put down?
Am I buying the house on my own or with my partner / another investor?
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
Will I need someone to sign surety? (What is surety?)
What are the upfront costs of buying a house? What other costs must I consider? E.g. water and lights, levies, maintenance, rates and taxes or gardening services.
What type of insurance do I need?
Am I buying off plan, in a new development or an existing property? I.e. I am the second or third buyer.
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.
