Publish Date: 19/06/2020
It is possible to save money every month
People often say that the more they earn, the less money they seem to have. You may know the benefits of a savings plan and a high interest savings account, but there just seems to be less and less left over each month to save. Sound familiar?
While it is true that our incomes seldom keep up with inflation, not being able to keep up with your expenses and debt repayments may be more rooted in bad spending habits than anything else.
Deposit accounts, like a 7 day notice account, are a good means of kick-starting a savings plan.
Maybe you have heard or read a lot about the best way to invest your money for a good return, but you are feeling conflicted about how to start. The fact that you are ready to make a move in this direction is, however, a very good starting block already.
If saving money has been a struggle, don’t feel alone. Many people battle to get to grips with putting money away for a rainy day.
The good news is that it is never too early to start saving for your future – especially retirement - and never too late either.
How to kick-start your savings plan:
Debt is a serious killjoy when it comes to saving money.
These are our top 3 debt busters:
Not all debt is bad. Read more about good and bad debt in our informative blog.
About African Bank
Our mission is to be a successful Retail Bank offering a wide range of products and services to the consumers of South Africa. The people who work for African Bank represent the diverse population of South Africa; therefore we are a reflection of you, of all South Africans. We seek to provide value - more than our consumers expect of us. We promise to live our purpose 'humanity through banking' in all that we do and we are confident that we can, because 'We are You'.