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.
Tag Archives: Savings month
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.
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.
Saving habits to put into action for a better financial future
We all want to be successful at any and everything we do, right? Saving is no different. When we start saving, we do so because we have financial goals we wish to achieve.
What should you be saving for?
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.
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.
How to efficiently budget and save money for long-term benefits
Millennials are notoriously known for budgeting and saving behaviour that’s either lacking or non-existent, all the while grappling with high levels of debt. This is due to many contributing factors, some of which are not in our control such as the decline of our national economy.