Some of the things you most hate spending money on are the expenses that make your life better and give you peace of mind.<\/p>\n
Whether it is bank charges or insurance<\/a> fees, we all have those bills that we know we have to pay, even though we may not particularly want to.<\/p>\n Because these services and products don\u2019t have tangible, immediate advantages, it\u2019s often difficult to keep in mind why paying them is beneficial.<\/p>\n Here are four expenses that South Africans may love to hate (with the reasons as to why investing in these expenses is actually a pretty good idea):<\/p>\n Before you even receive your payslip, your first deduction has most likely already been made \u2013 taxes<\/a>.<\/p>\n Whether it\u2019s income tax, value-added tax (VAT), transfer duties, customs, or any other kind of tax, you probably hate paying it.<\/p>\n Yet tax is government\u2019s main source of income, and it keeps the country running.<\/p>\n Your taxes pay for social services like transport, education, international security, national security, healthcare and welfare.<\/p>\n Taxes put out fires, provide children with education, provide families with health care, ensure our water is safe, keep the street lights on, and so much more.<\/p>\n Banks<\/a> provide an important service, and in many ways they make our lives easier, but they don’t do it for free.<\/p>\n Without the services that banks provide, we\u2019d have to save money under our mattresses, pay for things in person and only in cash, and borrow money from our friends and family.<\/p>\n You may feel like your bank is ripping you off, but you can easily accumulate unnecessary costs if you\u2019re not sure what the different services you use cost.<\/p>\n So rather than just grimacing when you see your bank statement and tossing it aside, make sure you\u2019re clear on where you incurred the charges and how you could save money in future.<\/p>\n Medical aid<\/a> is an expensive item, and one of those necessities that you might not think you need, especially if you are young and healthy.<\/p>\n It\u2019s tempting to think that you could just \u201cmake a plan\u201d if you get sick, but rising medical costs and the increased risk of dread diseases have made medical cover a necessity.<\/p>\n Dreaded diseases include cardiovascular disease, obesity, diabetes and certain cancers, and they develop quickly \u2013 even in seemingly young and healthy people.<\/p>\n Having the right cover will save you money in the long run and prevent you from becoming financially crippled by an unexpected health crisis.<\/p>\nTaxes<\/h3>\n
Bank charges<\/h3>\n
Medical aid<\/h3>\n
Insurance<\/h3>\n