July is National Savings Month

2018-07-11 06:01

JULY is National Savings Month, with the theme this year of “Employer Assisted Savings”. In light of this, the SA Savings Institute has issued an appeal to all South Africans to make saving a habit.

The country has a very low saving rate, and with expenses on the rise on so many fronts consumers are going to find it more difficult to stretch their monthly disposable income to save.

SAVINGS TIPS

• Resist SALE, think SAVE! Clearly distinguish between needs and wants.

• Have a clear budget for your requirements every month. Create a budget using the SASI budget tool or phone apps, available at NO COST.

• Use free online tools to track your spending and debt and know where every cent of your income goes.

• Pay cash for all purposes and don't be trapped by easy credit — in fact, cut up those store credit cards!

• Visualise what you want to save for and start saving more.

• Service your debt and stick to the payment terms. If you cannot service your monthly debts, discuss your situation with your credit providers before it is too late. Consumers can seek assistance from a registered debt counsellor by contacting the NCR on 0860 627 627.

NEXT ON NEWS24X

Join the conversation!

24.com 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

 
/News
Traffic Alerts

Jobs in Cape Town [change area]

Jobs in Western Cape region

Reporting Accountant

Cape Town
Network Finance Professional / Prudential
R310 000.00 - R360 000.00 Per Year

SQL Reporter

Cape Town
Communicate Cape Town IT
R10 000.00 - R12 000.00 Per Month

Cluster Financial Manager

Cape Town
Network Finance
R950 000.00 - R1 000 000.00 Per Year

Property [change area]

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

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 24.com network.

Settings

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.