The Personal Finance series with Warren Ingram, Evergreen Content

5-point checklist to know if you can afford to buy a home

Are you in the market to buy a home?

The Money Show’s Bruce Whitfield interviewed Galileo Capital Personal Finance Advisor Warren Ingram.

Ingram discussed the following checklist for deciding if you can afford to buy a home:

  • Have you got a deposit saved?

  • Do you have enough money to cover transaction (e.g. bond registration, transfer fees, etc.) and moving costs?

  • Do you have an emergency fund for unplanned costs?

  • Is your income stable and are you sure you can repay the full monthly costs (i.e. mortgage, rates/levies, insurance and maintenance expenses, etc.)?

  • Are you planning to stay in the house for eight years or more?

Listen to the informative interview below and/or scroll down for quotes from it.

It’s better to rent if you’re going to move in, say, two years’ time.

Warren Ingram, Galileo Capital Financial Advisor

House prices don’t increase by more than a percent or two above inflation... I don’t see property as a no-brainer investment.

Warren Ingram, Galileo Capital Financial Advisor

I shared accommodation until I was 30.

Warren Ingram, Galileo Capital Financial Advisor

Set aside one percent of the value of your property per year for maintenance.

Warren Ingram, Galileo Capital Financial Advisor

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
Ford South Africa recalls 15 600 Figos and Ikons (built between 2004 and 2012)

Ford South Africa recalls 15 600 Figos and Ikons (built between 2004 and 2012)

Please share this with your Ford-driving friends. Fire hazard, again! They must "immediately” contact a dealership.

'Jacob Zuma is lying. SA has one of the worst unemployment rates in the world'

'Jacob Zuma is lying. SA has one of the worst unemployment rates in the world'

The Money Show’s Bruce Whitfield interviews labour economist Andrew Levy.

Eskom gets new (acting) CEO

Eskom gets new (acting) CEO

Eskom veteran Johnny Dladla is the parastatal's new acting CEO. Bruce Whitfield interviews energy expert Chris Yelland.

Sygnia donates 100% of money market management fees to fight corruption

Sygnia donates 100% of money market management fees to fight corruption

State Capture… Corruption… it just goes on and on! The Money Show’s Bruce Whitfield interviews Sygnia CEO Magda Wierzycka.

Stuttafords dies on 1 August. There are lessons to learn

Stuttafords dies on 1 August. There are lessons to learn

The 159-year-old icon failed to evolve. Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

Bitcoin may (or may not) be a bubble. Check this out before taking the plunge

Bitcoin may (or may not) be a bubble. Check this out before taking the plunge

Is the spectacular rise in the value of Bitcoin realistic? Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

Popular articles
5 facts about the new SA number plates being implemented this year

5 facts about the new SA number plates being implemented this year

No official date has been set for the roll out of SA's new number plate legislation, but here's what you need to know so long.

In case you hadn't noticed, Cape Town feels freezing cold (and here's why)

In case you hadn't noticed, Cape Town feels freezing cold (and here's why)

Capetonians are pulling out hot water bottles and mittens as a cold front is predicted to make landfall on Thursday morning.

[LISTEN] Home Affairs says Ajay Gupta was never a SA citizen - Eusebius responds

[LISTEN] Home Affairs says Ajay Gupta was never a SA citizen - Eusebius responds

A statement released by Home Affairs confirms that Ajay Gupta only has a permanent resident permit and is not a citizen of SA.

"There aren't enough black people making decisions" #OUTsurance Ad

"There aren't enough black people making decisions" #OUTsurance Ad

Author and marketing expert, Khaya Dlanga says the OUTsurance video shows that people who are making decisions are out of touch.

WhatsApp group admins could land in hot water for content shared on the group

WhatsApp group admins could land in hot water for content shared on the group

If you have the ability to stop something bad being published on the group then do it, says social media expert.

Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs to follow up on special dispensation permit for Zimbabweans in SA

Home Affairs Minister Hlengiwe Mkhize says her department will respond to all Zimbabweans under special dispensation.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

5 advantages of leasing instead of owning a car (lower monthly payments!)

5 advantages of leasing instead of owning a car (lower monthly payments!)

Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...