Johannesburg – As the South African economy continues to face its challenges, consumers are becoming increasingly aware of the little that they can save and are tightening their belts more than ever before, according to Tsholofelo Dihutso, communication specialist at the Financial Planning Institute (FPI) of Southern Africa.
In her view, the challenge still lies with knowing how to plan for your financial wellbeing and doing it right in order to achieve your goals.
A recent survey by the FPI shows some of the barriers consumers face when pursuing their financial planning. These include a lack of trust (70%), affordability (62%) and not knowing where to start (55%).