Savings



Saving is a habit #simplystories

“Saving is a priority in life. I believe it’s important to save money for a rainy day and most importantly for future investment opportunities that may create great returns. Saving is a habit which should be practiced regardless of the amount… In the wise words of Warren Buffet, ‘Do not save what is left after spending, […]



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I’ve taught my children to save… #simplystories

“In my culture money is very important; you have to pay off things, buy new things and support the people around you. My children must understand money as well. If they ask me for things they must know that I don’t just have it, they have to wait. I’ve taught my children to save. They […]



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#Januworry is over! Now what …

Phew! It’s finally pay day again – feels like it’s been ages since there was money in the bank account! Now what? Well, the challenge is to spend this money wisely … Remember to save – savings are the bedrock of your future financial plans. See more about savings here. (PS, did you think about our […]



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Savings 101

So, what are savings? And why should I save? Savings is money that you do not spend or use – instead, it’s set aside for future use. It’s really important to put money aside every month – whether it’s for your children’s education, a new car, your old age or an unplanned emergency. Life doesn’t […]



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A twist on the 52 week challenge

Have you seen the 52 week challenge on social media? Basically you start with saving R10 in your first week, then the next week you save R20, and the following week R30. The idea is to put that money in a separate place so it can’t get used on daily milk and bread. And also […]



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5 secrets to saving for your retirement

1. The sooner you can start the better This is the most common piece of advice you’ll get on any form of saving, but it’s also the best. The key to building wealth is time, the longer you can leave your money to grow, the easier it will be to reach your retirement savings goals. […]



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What is a Tax Free Savings Account?

See more from Easy Equities here



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Tax free accounts are long term savings (not for emergencies)

From Maya on Money If there’s one thing the financial industry is good at, it is complicating things that should be fairly simple. Tax-free savings accounts (TFSAs) were meant to be really simple long-term savings accounts for people who wanted to supplement their retirement savings with an investment that was more flexible and accessible. Yet […]



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Saving for your child’s education

From when you have a baby, you need to start thinking about your childrens’ education – from primary and high school, through to tertiary education. There are several savings options you can consider: from MoneyIssues Fundisa  – This is an educational savings account introduced by the government to help you save for education. Geared towards students from […]



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Your financial personality

So what’s your financial personality? Take a look at the picture below and see if you can relate … The better you know yourself, the better financial decisions you are likely to make. Adapted from original blog by Black Rock.



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Is some debt okay?

Is it possible to live without debt? Or are there different kinds of debt? Gary Kale says “what dictates healthy debt is whether the debt is being used for something that is going to be worth more in the future, or less. As an example, most people are never going to have the amount of […]



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