Start saving for a goal
Take a dream and turn it into a goal. It could be buying a house or a car, sending your children to study further after school, an overseas trip or an annual holiday. Then start a savings plan that will help you achieve your goal.
Even if you start with a small amount, you have more chance of reaching your goal one day than if you do not start saving at all. As your finances improve and your earning power increases as you move through your working life, you will be able to save more.
If you are saving for a long-term goal, consider investing in the stock market through a low-cost well-diversified exchange traded fund, such as the Absa eRafi Overall or the Satrix Divi.