Making every rand do the right job.
Saving and investing are both good – they just have different jobs. Short-term money should be safe and easy to reach; money for five years and longer can be invested to aim to grow faster than inflation over time.
- Emergency funds and short-term savings
- Long-term investing and tax-efficient savings
- Retirement planning and preserving your savings when you change jobs
- Education savings for your children
- Making a plan for your year-end bonus