JULY is Savings Month.
Almost every personal finance article I come across, gives people tips on how to save and invest. But before I get into that – let me set the record straight.
Any savings tips or information that I give, is for those who can afford to save, for I am well aware that there are many South Africans who truly just can’t save money right now.
With load shedding, job losses, rising inflation rates and the increase in interest rates, debt repayments and cost of living – people are struggling to survive, much less save.
Research shows that 76% of South Africans regularly run out of money before the end of the month, and more than half run out by the middle of the month.
The reality…
