Spend wisely and save for 2011

2010-12-18 09:49

Five days before Christmas and shopping malls are teeming with last-minute ­shoppers.

Everywhere you look, so-called specials are thrown your way.

It’s the time to be merry after what was a ­particularly tough year for South Africa, with the economic squeeze and so many job losses.

And yet in the malls, it seems people are ­spending money faster than it is printed.

The kids are looking forward to that Christmas dress and new shoes, while the adults are ­stocking up on all kinds of liquor and luxuries.

Forgotten in that moment is that January is coming and the kids will want school fees, ­uniforms and stationery.

The budget, it seems, is thrown out of the ­window as those lucky enough to still have a job, splurge their bonuses on a temporary good life.

We never seem to learn. Saving money, no ­matter how little it may seem, will help you start the year in a better financial position.

The economic recovery will probably still be very slow next year and money will still be tight.

The government’s job plan may not bring any good cheers until a couple of years later.

Try to remember this when you spend your money this festive season. And let’s all be merry and have a wonderful Christmas.

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