It's National Savings Month in South Africa, and in this episode, we are giving you tips on how to start saving.
The COVID-19 Crisis has depleted the savings of many. With increasing debt and limited income, it is really possible to save?
The Savings Institute of South Africa has designated July as the annual “Savings Month” on the South African calendar. The purpose of this initiative is to challenge consumers, to strive towards living within their means and to reinforce positive financial behavior.
Research has shown that almost 70% of South Africans are not saving, and that many others who do save, are starting too late. Statistics released by the South African Savings Institute (SASI) showed that household savings in South Africa was a mere 1,7% while household debt was a massive 75,4%.
If you don't have any savings in place and don't how how to start saving, this episode is for you.
