Do you find yourself falling short every month because of the little luxuries you’ve indulged in throughout month? This September, why not take a fresh look at your financial wellness and add a little spring into your planning! Take a hard look at how you have been spending on your needs vs the things you could do without. This is the first step to knowing how much you can save. If you’re willing to make the change, these tips are important to keep in mind:

4 tips to keep in mind:

  • Get good advice - While starting to save may be new to you, there are many people out there who have been saving and investing for a number of years. Do your research, ask questions and compare various savings and investment products.
  • Understand risk – Different products have different risk profiles. Savings are low risk funds that must be available when you need them. Investments involve greater risk but give much greater returns when invested for longer periods of time. This allows for your investment to ride out the instability of the stock market.
  • Accessing your funds – Each product will have its own rules when it comes to accessing your funds. A notice deposit account, for example, is a short-term investment product where you can withdraw your investment giving a notice period of 7, 32 or 90 days. Then there’s a fixed deposit account where the length of the investment is set between 3 to 6 months. A tax-free investment account is also a great option, especially because it promises market-leading returns with a great interest rate which is of course, non-taxable!
  • Look for the best interest rates available  Compare apples with apples because interest rates are key to the growth of your funds.


Lastly and most importantly, if you want your money to #GrowForIt, be diligent and consistent with your savings and investments.

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