How many times have you read or heard that you should have at least 2 months of your salary saved up for emergencies? Countless times, right? While hearing it may be exhausting, it is a fact you can’t ignore.
Monthly Archives: July 2020
Ways to set your savings goals
The first step on your ‘savings journey’ is deciding what it is that you are saving for. Having an idea or a goal helps you decide on the amount and the estimated length of reaching it.
Ways to save money during lockdown
Perhaps, the most difficult text message to process is a bank alert informing you of money that’s leaving your account. It’s never a pretty scene as it leads you closer to your worst nightmare; running out of money.
Why is saving money important?
Saving is important. We hear this a lot and in most cases, we don’t see this as a possibility in our financial lives. There’s a lot of bills to pay and rarely enough money to cover those expenses, let alone putting money away for a rainy day.
Instilling a culture of saving in South Africa
South Africans are used to hearing that they have a poor savings culture. This has become more evident as the country battles the coronavirus pandemic.
How much should I save and how can I save
South Africans are not saving enough. We often read about famous sportspeople who have retired poor because they could not understand the importance of saving when they were at the pinnacle of their careers.