South Africa very poor at saving money | The Citizen

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📉🤷‍♂️ SA's savings rate lags behind other emerging markets like Brazil and India. It's time to prioritise Saving and Investing 💰📊 NationalSavingsMonth FinancialLiteracy Read more on TheCitizenBusiness ⬇️

Mxenge says it’s important for individuals to know their investment ‘personality’ so they can come up with investment strategies that are suited for their traits.

The First National Bank recently announced that its customers have saved over R6.6 billion in the last four years – all from saving small amounts between R2 and R50. “The success we continue to see with this automated approach to saving also demonstrates the power of allowing consumers more control over the way they manage their money,” says Parboo.Although saving habits may be an individual choice, there are a number of factors at play. These include:

 

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