2024 FINANCE REFRESHER: How to develop a great relationship with money in 2024
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GUEST – Dr. Frank Magwegwe, Executive for Financial Wellness and Advisory at Nedbank
Money is a tool used to meet your needs and achieve your goals — but it should also bring you joy. If your money doesn’t give you pleasure here and there, then you’re going to get burnt out. It is no surprise that most South Africans do not have sufficient savings for emergencies. 51% of South Africans say they do not have enough savings to cover their living expenses for at least 3 months. Glaringly, only 14% of South Africans are moderately confident, while only 11% are very confident that they are on track to meet their long-term financial goals.
Money is a tool used to meet your needs and achieve your goals — but it should also bring you joy. If your money doesn’t give you pleasure here and there, then you’re going to get burnt out. It is no surprise that most South Africans do not have sufficient savings for emergencies. 51% of South Africans say they do not have enough savings to cover their living expenses for at least 3 months. Glaringly, only 14% of South Africans are moderately confident, while only 11% are very confident that they are on track to meet their long-term financial goals.
