START YOUR YEAR FRESH BY GETTING YOUR FINANCES INTO SHAPE
Friday, January 23, 2015
A new year brings with it new resolutions, new beginnings and new possibilities. But it can also carry old baggage such as debt, high bills and other financial setbacks. In 2014, South African Banks have written off or planned to write off over R100 billion in debt.
Economic predictions for 2015 are that the fuel price will increase between 12% and 15%, taxes affecting individuals are likely to increase in February 2015, and above-inflation medical aid increases will also take effect.
Derek Wilson, Head of the online comparison website, Hippo.co.za says, “These increased costs places added financial pressure on the consumer. Reviewing financial expenses at the beginning of the year may assist consumers in cutting costs before increases take effect. You are able to compare costs and benefits from a range of products such as:
Medical Aid Cover:
According to industry experts the above-inflation medical aid costs are due to regulatory uncertainty, ballooning hospital costs and high specialist fees. Compare online quotes from a range of SA providers for medical cover such as hospital cash cover, cancer cover and even pet medical insurance.
Life insurance is important to have for those with dependents or businesses. “If you don’t have dependents you might not need life insurance, but you may need disability or dread disease cover. And if you aren’t in debt, life insurance can form an inheritance for your loved ones,” says Wilson.
High living costs places and even greater financial burden on unexpected expenses such as funeral costs following the passing of a loved one. Consumers need an easy way to find funeral cover that will meet their individual needs. Hippo.co.za offers an online comparison tool that compares prices and benefits from a range of well-known and trusted funeral insurance providers such as 1Life, FNB, Union Life, Dial Direct, Budget and First for Women.
“We act as an independent financial comparison website that compares prices and benefits from a range of SA insurance and financial providers, says Wilson, “Our tool is free to use and at least 8 out of 10 customers have saved an average of R348 per month* on their car and home insurance.”
Established in 2007, hippo.co.za is South Africa’s leading comparison website that helps consumers save money by comparing a range of SA providers across financial products such as car insurance, home insurance, life insurance, medical and more. Hippo is free to use and saves consumers the time and hassle of shopping around for the best deal since the Hippo.co.za website instantly retrieves real-time quotes from the different providers using the latest Internet technology. At least 8 out of 10 people could save an average of R427* per month on their car insurance.
Hippo.co.za makes money by simply charging its partners a fee when a customer chooses to find out more about their products. The results consumers see, and the order in which they are presented, is in no way influenced by the fee hippo.co.za charges its partners or any other factors other than the price of the product being compared.
Hippo Comparative Services (Pty) Ltd is an authorized financial services provider (FSP number: 16357).
*Average savings based on a representative market research survey conducted by Kaufman Levin Associates, on behalf of Hippo.co.za in May 2014. Risk Profile Dependent.