The holiday season is over and as we head back to work and plan for the next school year, we need to relook our budget given that payday is still weeks away.
The month-long festive holiday with family and friends was great but now consumers need to plan for the year ahead. January is a great time to reevaluate and look at your goals for the year focusing entirely on budgeting and saving.
“We underestimate the value of saving and often end up wishing that we had saved from the very beginning of the year. The extra money saved could benefit you and your family in the long run for those events that you planned for and for those unforeseen circumstances,” says Ester Ochse, FNB product specialist.
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Managing budgets on a month-to-month basis can help in ensuring that you are well off financially for the year in question.
Osche provides a few tips to consider when taking on financial planning for 2018.
“As we begin 2018, we should be aware of the environment, global trends as well as industry-related events that could affect the economy of South Africa, bearing in mind that the cost of living is constantly increasing. Don’t delay saving now for a better future. You may feel the pinch in your pocket or purse today but these initial steps will definitely benefit you in the long term,” concludes Ochse.
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