uses the Standard Bank Stash app to save into a tax-free savings account . We have written about this great investment tool on these pages before. Stash is an app available to anyone, you do not have to bank with Standard Bank, and can be downloaded through Google Play or Apple’s App Store.
You link your credit or debit card to the app and every time you spend on the card, you can select to have R5, R10 or even R50 immediately transferred to a zero-fee TFSA. The account is invested in a fund that tracks the performance of the 100 largest companies in South Africa. It’s a great way to turn spending into saving.found that sticking to her grocery budget was a challenge, so she now transfers her grocery money into a TymeBank account and only uses that to buy groceries.
With such easy access to credit, many of us have forgotten what it is like to save for something rather than use credit cards. By having a debit order in place, Nonhlanhla also makes sure her savings are prioritised before spending.plays the clothing retailers at their own game. He waits until there are great sales of 50% off before he buys. He then uses the six-month interest free period on his clothing account to pay it off.
These are all very good ideas.
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