Whether you’re earning big bucks or a modest salary, a little planning and discipline can go a long way in helping you save some money each month.
The hardest part is getting started. All too often we give up before we’ve even started, just because the thought of how much we need to save for that new car or dream holiday can be so overwhelming. But don’t be discouraged – here are three important things to remember when working towards your savings goal.
First step towards saving, one giant leap towards reaching a goal
Set a savings goal – if you know what you want to achieve, you’re more likely to stay focused and committed. An example of a savings goal is to save up for a deposit on a car over three years.
Make savvy lifestyle changes
Avoid being wasteful and take advantage of any opportunity to save money. Save on electricity by switching off the lights or using an extra blanket instead of turning on the heater.
Start small, save big
The key to saving is to start off small. Do not underestimate the value of saving a few rands each week. Every little bit counts and every rand saved can go a long way towards helping you achieve your savings goals.