Be Financially Smart with FNB

Financial envy could lead you down the wrong money path

It’s always fun to stand around the braai with our friends catching up. We all know that friend that seems to have it all; the one we aspire to be like.

We'll do anything to impress that person, even sacrifice our long-term financial success to make a short-term and costly impression.

This Monday, Eunice Sibiya from Head of FNB’s Consumer Education Programme discusses envy, and the drain that envy can put on your finances. Most importantly, she tells us how to avoid it and make smarter money management decisions.

Sibiya says almost everything we do has a monetary link attached to it.

We don't realise that at times, we make decisions driven by envy.

Eunice Sibiya, Head of FNB’s Consumer Education Program

There's a silent struggle around finances around the globe. We always want to keep up with the best people we think are doing well. We always look at those people with interest, keenness and envy.

Eunice Sibiya, Head of FNB’s Consumer Education Program

We always want to keep up with Khumalo's, adds Sibiya. She advises that it is important to evaluate our level of envy and realise how detrimental it can be to our finances.

Sibiya's urges you to look at your spending to be able to find the root of your envy.

When your transacting decisions are based on showing off to others, you should be concerned because it stands in the way of you achieving your dreams.

Eunice Sibiya, Head of FNB’s Consumer Education Program

Listen to the clip to avoid falling into the envy trap:


Recommended

by NEWSROOM AI
Read More
Smart money management techniques to reach your financial goals

Smart money management techniques to reach your financial goals

FNB Expert Ester Osche wraps up the #BeFinanciallySmart feature by highlighting some important techniques you need to adopt to be well on your way to financial freedom.

Saving should be the most important part of your budget says FNB's Ester Osche

Saving should be the most important part of your budget says FNB's Ester Osche

For the past few weeks, the Be Financially Smart experts have been delivering excellent insights on saving and investing your money. It is an essential part of building your wealth

Investing for retirement and the best time to start

Investing for retirement and the best time to start

How much time do you have left before your monthly income stops? The earlier you start saving for your retirement, the better!

Unlearn those bad childhood money habits and #BeFinanciallySmart

Unlearn those bad childhood money habits and #BeFinanciallySmart

FNB’s Eunice Sibiya explains how picking up bad family money traits as a child, affects your financial habits in adulthood.

Understanding the importance of living within your means

Understanding the importance of living within your means

In this week's #BeFinanciallySmart feature, FNB's Eunice Sibiya discusses the importance of living within your means.

How you can #BeFinanciallySmart and save for those big days!

How you can #BeFinanciallySmart and save for those big days!

FNB's Eunice Sibiya discusses how you can save for important annual events.

Popular articles
Comair reports record earnings, 72nd profitable year in a row – a world record!

Comair reports record earnings, 72nd profitable year in a row – a world record!

Recession, soaring fuel costs and surplus capacity - yet profits keep coming! Bruce Whitfield interviews Comair CEO Erik Venter.

Basic Education to introduce Kiswahili and coding to SA's curriculum

Basic Education to introduce Kiswahili and coding to SA's curriculum

Basic Education spokesperson Elijah Mhlanga spoke to Joanne Joseph on the Afternoon Drive to elaborate.

Concourt ruling on cannabis needs to filter down to cops, says dagga couple

Concourt ruling on cannabis needs to filter down to cops, says dagga couple

Myrtle Clark and Julian Stobbs, dubbed the dagga couple, have been trying for years to have dagga legalised.

Kaptein Kurt Darren on music and all the money he’s making from it

Kaptein Kurt Darren on music and all the money he’s making from it

Laat die dansvloer brand! The Money Show’s Bruce Whitfield interviews Afrikaans musician Kurt Darren.

ConCourt rules dagga legal for private use, but what is private?

ConCourt rules dagga legal for private use, but what is private?

Associate Professor of Law at Wits University James Grant says the ConCourt did not define what private use was.

'What took big banks so long to shut Gupta accounts?', Pieter-Louis Myburgh asks

'What took big banks so long to shut Gupta accounts?', Pieter-Louis Myburgh asks

Journo Pieter-Louis Myburgh says other banking execs need to be questioned about their potential complicitness in the Gupta saga.

[WATCH] Dad stops baby from crying, Emmy acceptance speech turns into proposal

[WATCH] Dad stops baby from crying, Emmy acceptance speech turns into proposal

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Should SA review the parameters of affirmative action?

Should SA review the parameters of affirmative action?

Ralph Mathekga says the experience on the ground shows that there is a problem when it comes to framing affirmative action.