Cape Town – In the current financial climate with rising inflation, increasing petrol prices, and electricity hikes, the ability to save is becoming increasingly important. Fin24 users share their tips.
Often, perspective is all that is needed for consumers to see the benefits of a savings plan. According to FNB some of the most common stumbling blocks include procrastination, the misconception that saving and investing are for the rich, overlooking the importance of small amounts, and falling prey to instant gratification.
Fin24 user Yvonne Theron believes that you should pay yourself first. “Open a savings account and decide how much you are worth - place that amount in an account before you pay anything else.”