by Evolution Life | May 2, 2024 | Definitions, Economy
Shrinkflation is a curious term that combines two essential concepts: “Shrink” refers to a change in the size or quantity of a product. “Inflation” signifies the general rise in the price level of goods and services, over time. When companies subtly reduce the size...
by Evolution Life | Jun 19, 2023 | Advice, Definitions
An appreciating asset is an item whose value increases over time, such as property, investments, and shares. The value of an appreciating asset can increase due to demand, supply, or an increase in interest rates. On the other hand, a depreciating asset is an item...
by Evolution Life | Sep 14, 2022 | Definitions
NOUN: Insurance against the possibility of becoming permanently disabled. – Collins English Dictionary Let’s face it, we never know which way the dice are going to roll! That is why having an insurance cover is so vital in our day-to-day lives. Disability...
by Evolution Life | Aug 11, 2022 | Definitions
09 August has become a truly significant day on our calendar, for historic, life-changing reasons: Women’s Day came about as a result of society recognising women for their achievements, and the fact that they excelled in the face of enormous challenges and...
by Evolution Life | Jun 18, 2021 | Definitions
Saying your final goodbyes to a loved one is heart-wrenching. The added burden of having to worry about how you’ll cover the costs of the funeral can make the funeral process that much more overwhelming. A pre-determined financial plan is, therefore, important to have...
by Evolution Life | Feb 13, 2020 | Definitions
Let’s face it, we are all going to have to retire one day and rather than sticking our head in the sand, it’s better to know your facts and be prepared. According to the National Treasury, only 6% of South Africans are on the right road to retiring comfortably which...
