director Izimangaliso’s priority for 2016 is to pay off her credit card.
Her daughter has started high school and she also wants to start saving for tertiary fees.
“Instead of paying monthly school fees and sometimes falling behind, and having outstanding fees at year-end, she wants to save to pay the fees during 2016,” says Momentum financial adviser Jastine Musonza.
Izimangaliso decided to pay 60% of her bonus into a 12-month fixed deposit to boost her emergency savings after her recent experience of having to pay for a family funeral. The rest was used to pay for January’s school fees, uniforms and stationery.
“Thanks to Jastine, it is January and I am going into the new year without big worries about finances,” says Izimangaliso.