July marks the beginning of National Savings Month, which serves as a reminder to South Africans to review our attitude towards saving.
Developing a savings culture requires a goal and a lot of discipline to be successful in the long and short term. This remains important not only when the economic wheels are well greased but also during an economic downturn.
A big part of reaping the rewards of your savings is to consider how and where your money is saved and for how long. Standard Bank offers some great options for personal savings in determining ease of access to your funds, confirming how long you’d like to save for and if you’re able to transact on your account while saving.
Sometimes the savings journey starts with a few simple steps – but the benefits down the line will be enormous.