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).
Change in career
You may have made the decision to change your career for new challenges or to earn a better income This can be exciting and scary. You may have made the decision to become an entrepreneur or you have moved to a completely different working industry. This is a major life change and you should equip yourself with as much information before making drastic financial decisions.
Questions
Before making any decisions, there are financial aspects that you need to consider.
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
If I do this, can I afford to pay my monthly bills?
Will my new job offer me more or less company benefits? Example medical aid, pension etc.
Will I have to pay more money for anything if I change my career?
Do I have any savings that I can use if I need to?
Important things to think about
Click on the icons to see the types of questions you should be asking yourself...
How long can I live off my savings?
Will a change in career affect the growth of my pension fund?
Will I transfer my pension or provident fund money into my new company’s pension/provident fund?
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.
