This article provides practical tips for South Africans to save money, invest wisely, and stay motivated with their New Year financial resolutions. It highlights the importance of automated savings, setting financial goals, diversifying investments, and utilizing loyalty programs for travel.
Here are practical tips to help South Africans save money, invest wisely, and maintain motivation for your New Year financial resolutions.Making a New Year's resolution to achieve your financial goals is the easy but the hard work is staying motivated to keep to those goals.
The real work is in sticking to one’s resolutions and seeing them through until the end of the year." According to the South African government, the country has one of the lowest savings rates in the world, while research by FNB has revealed less than 23% of South Africans have a week's worth of emergency savings.
Consumers can also try to set up scheduled payments to ensure that as soon as their salary comes in, they quickly clear all of their financial obligations before splurging to avoidProper investment goals create strong foundations that can contribute to protecting the life, health, and wellbeing of individuals in the short and long-term.
SAVINGS INVESTMENTS FINANCIAL GOALS MOTIVATION TRAVEL
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