Reassess finances this Women’s Month

2016-08-04 06:00
This Women’s Month is a great time to assess your finances, pin-point where you want to be and refine your financial focus.

This Women’s Month is a great time to assess your finances, pin-point where you want to be and refine your financial focus.

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

WOMEN are more in control of their finances than ever before.

This Women’s Month is a great time to assess your finances, pin-point where you want to be and refine your financial focus.

“Women have come a long way when it comes to control of money and finances,” says Eunice Sibiya, head of Consumer Education at FNB.

According to FNB data, women make up 35% of FNB’s Housing Finance book, which is the bank’s affordable housing options; they also have the lowest default rate. Further, FNB data also shows that women lead in terms of good banking behaviours, by swiping their cards, withdrawing at retailers instead of ATMs and banking less in branches, saving in terms of banking fees.

“Women have more control of the household budget, their own spending and working towards financial goals than before. But it is always a good idea to take a step back and reassess where you are financially,” says Sibiya.

Carve out some time for yourself to go through your own finances, and your own goals.

“Our goals and dreams change as we grow, so it is important to take a step back every now and then and reassess our financial standing,” says Sibiya.

Have you reached your goal or have your goals changed? These can be saving towards a house, your child’s education, or finding ways to supplement your income.

Understanding your finances within context is also important, whether you are single or have a family.

“If you have a family, ensure you are involved in your family finances,” says Sibiya. “Go through all the aspects such as what debt you as a family have, if that is a home loan, vehicle finance or credit cards. It is also imperative that you go through what insurance policies, savings and investments you have as a family.”

Whether you are single or have a family, find ways that you can contribute positively, financially.

“During the assessment find solution such as spotting inefficiencies, like credit cards or store cards with high interest rates or wasted spending that could be utilised in a more positive manner. All of these actions will ensure that you are a positive financial influence in your life and those around you,” says Sibiya.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Competition regulation for a growing and inclusive economy

ADVERTORIAL: The Competition Commission of South Africa is conducting advocacy work in the South African automotive aftermarket industry and has gazetted a Draft Code of Conduct for public comment.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.