Discover the five common financial habits that undermine your savings efforts and learn practical strategies to build a more secure financial future.
National Savings Month often focuses on budgets, finding extra money to put away and the various savings vehicles available to us. But for many South Africans, the biggest obstacle isn't knowing how or where to save, but rather, the small financial habits that quietly chip away at good intentions month after month.
These habits – like overspending on payday, waiting until the end of the month to save, or convincing ourselves that we’ll start saving just as soon as that increase arrives in our account – are slowly sabotaging our chances of building financial stability and future wealth.
The good news? Habits can be changed. Here are five of the biggest savings saboteurs – and what to do instead.
Treating payday like make-it-rain day
