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
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.
How to properly prepare for marriage
In life, there are certain events that can create a huge gap in your finances, when not properly planned for. These events include getting married. When you know that you plan to get married, start planning for that special day so that you can afford everything related to the ceremony without your finances taking a strain.
How to plan for your retirement
The same way that, millennials and generation z, are told to save money religiously, we are also told to start saving towards a retirement plan early on in our lives. And, when you think about it, it makes sense, right?
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.
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.
Understanding interest rates
An interest rate is a cost of borrowing money. According to Bloomberg, 80% of South Africans use debt for monthly expenses and many are unaware of how much it really costs them.
How to navigate life after losing a job or income
Losing a job is a life-altering event that hurts. Whether you experience it through retrenchment, down-sizing, getting fired, an injury, or illness. It also feels personal, even if there are thousands of other people who are in the same situation.
Lessons learned during lockdown
Have your finances been hurt or helped during lockdown? The obvious answer for most is that it has been hurt. It’s been painful not being able to buy those non-essentials during lockdown – such as DIY products, take-aways, alcohol, cigarettes, shoes, or the beauty products we never go without.
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.