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The South African Savings Institute advises.

By admin
01 December 2013

Why do many people fail to stick to their budget?

• People are not realistic. You should look at your income and see what you can afford. A person who earns a large salary can afford certain things that a person on a lower salary will not be able to afford.

• The availability of credit. Almost every shop offers credit. People have bought into the system of buy now and pay later. It is therefore much easier to buy goods at anytime, without really thinking about it or budgeting.

• People do not have goals. It is always good to save money for a specific purpose. Your goals do not have to be long term, such as buying a house. Budgeting and saving for a certain purpose will help you stay focused.