Savings Month

In May this year, social networking company Facebook held its initial public offering – considered the biggest in internet history.

Financial experts believe that savings is a mindset that, once instilled, will see people put away more of their hard-earned money for retirement etc.

South Africa has the unfortunate distinction of being one of the world’s most economically unequal countries.

South Africans aren’t saving enough and the situation is not getting better.

When it comes to short-term savings it seems our voracious consumption culture has confined ‘saving for a rainy day’ to history.

July 2011 National Savings month serves as a reminder to us all to review our financial plans and afford savings the priority it deserves.

You must save for short-term emergencies and ‘big ticket’ items such as household appliances and holidays.

There is no such thing as "get rich quick".

Over the past decade, banks and life insurers have created a range of products for the low-income market.