Cape Town - There is no relationship between how much you earn and your ability to manage money, according to John Manyike, head of financial education at Old Mutual Emerging Markets.
In his view one needs the ability to save working in tandem with a willingness to save.
"The challenge is that we have a lot of people who believe they do not earn enough to save. We need to change our mindset when it comes to saving," said Manyike.
"We undermine the situation by taking it too lightly. We need to take it quite seriously."
He suggests one must be realistic and look at what you can do without.