Save for a rainy day: How to save for your emergency savings as a homeowner

Now that interest rates have lowered and inflation has eased, homeowners’ budgets may have a bit more wiggle room to resume saving.

Setting aside money each month in a contingency fund provides homeowners with a financial safety net, allowing them to avoid disaster when unexpected situations strike. Picture: Pexels

Adrian Goslett, the regional director and chief executive of RE/MAX of Southern Africa, setting aside money each month in a contingency fund provides homeowners with a financial safety net, allowing them to avoid disaster when unexpected situations strike. Interest rates might change between accounts, so it's critical to compare numerous options to discover the one that provides the best return.

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