Fi­nance

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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.

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