Start sav­ing for a goal

Weekend Argus (Saturday Edition) - - PERSONAL FINANCE -

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.

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