Saving money for Your Next W
Start saving today to help you plan for the future, and achieve your dream
ANT to kick-start your financially independent future or finally enjoy that family holiday? The simple act of cutting back on expenses and saving money today will benefit you in the long run.
And if you haven’t opened a savings account just yet it’s a good idea to open one today. It allows your money to grow and you get to choose a saving platform that works for you. You can choose the period of savings that best suits your plans and needs – from a savings account that gives you immediate access to your money to a 32-Day notice account, and a Money Market Account which allows you to invest larger sums of money, which gives you a higher interest rate. Once you get into the swing of things saving money for your Next big goal will be easier than you think!
Saving money allows you to have money available when you need it – giving you peace of mind and the opportunity to work towards what you really want in life. It’s simple: set a goal, start small and get started! Decide whether you want a short-term or longerterm savings account based on your goal, which will help you decide when you want to access the money. Talk to your bank about the types of savings accounts they offer.
START YOUR SAVINGS JOURNEY
Set a reasonable goal that you can stick to You can save for: • Rainy days (emergencies) like a funeral or when a car breaks down • Buying something that you really need/ want • To do a small project in your home or for the family Make sure you know the following: • Where your money is going to be invested • What the interest earned is • What the conditions of withdrawing the funds are.
Listen up for more tips on the next episode of Iketsetse-Zenzele on SABC African Languages Stations between 3pm and 6pm