Be Financially Smart with FNB

Follow these tips and be well on your way to building wealth

We're coming to the end of the year. This is the time of the year most of us have been waiting for. If you look back on the year, are you satisfied that you managed your money properly in 2017?

This Monday, Eunice Sibiya, Head of FNB’s Consumer Education Program at FNB today looks at smart transacting techniques that you can start implementing today and really turn your focus on building your wealth in 2018 and beyond.

Sibiya says this time of the year financial management tends to fall away and people get consumed in festivities and the hype around the holiday season.

Only 6% of South African's will retire comfortably. One of seven South Africans live in extreme poverty.

Eunice Sibiya, Head of FNB’s Consumer Education Program

With these stats in mind, we need to ponder on these figures and determine how they affect you directly explains Sibiya.

We need to maximise the income we are earning today so that we start building the type of wealth that can get us through tough economic times

Eunice Sibiya, Head of FNB’s Consumer Education Program

Also read: Unlearn those bad childhood money habits and #BeFinanciallySmart

If we don't take stock of where we are now, we can't take positive action. We could end up paying off creditors for the rest of our lives and that's not how we build wealth.

Eunice Sibiya, Head of FNB’s Consumer Education Program

Here are some financially smart transactions you should be making in 2018.

  1. Automate your transactions wherever possible

  2. Save your spare change

  3. Track your spending closely every month

  4. Put a solid debt reduction plan in place

Once the debts are paid, take all the money that you were allocating to your debts and put it aside for savings and investments says Sibiya.

#BeFinanciallySmart with more tips in the clip below:


Recommended

by NEWSROOM AI
Read More
Illegal mining costing city millions warns Joburg mayor

Illegal mining costing city millions warns Joburg mayor

Herman Mashaba says the CoJ has reported R12.5 million worth of damages because of damage to the road infrastructure system.

Financial envy could lead you down the wrong money path

Financial envy could lead you down the wrong money path

Eunice Sibiya from Head of FNB’s Consumer Education Programme discusses financial envy and how to recognise and avoid it.

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.

What you will pay for property in Gauteng’s 10 most popular suburbs

What you will pay for property in Gauteng’s 10 most popular suburbs

Private Property has compiled a list of the most popular suburbs in Gauteng for the month of September.

Approximately 50% of Marriages End in Divorce, Often Because of Money

Approximately 50% of Marriages End in Divorce, Often Because of Money

Here are 6 pointers you can use to build healthier financial relationships with your loved ones

Cassper Nyovest wants you to help him make history and #FillUpFnbStadium

Cassper Nyovest wants you to help him make history and #FillUpFnbStadium

Azania Mosaka hung out with hip hop artist Cassper Nyovest for a #FridayProfile and #702Uplugged performance.

Soweto marathon still Mzansi's favorite after two decades

Soweto marathon still Mzansi's favorite after two decades

About 26 000 runners are signed up for the Old Mutual Soweto Marathon on Sunday starting at FNB stadium.

Why South Africa is leading the 3-way race to host the Rugby World Cup in 2023

Why South Africa is leading the 3-way race to host the Rugby World Cup in 2023

The venues are already in place. There is no need for extra infrastructure. Bruce Whitfield interviews SA Rugby’s Tsholo Kubheka.

3 shares that should do very well, if you buy them now (by FNB Securities)

3 shares that should do very well, if you buy them now (by FNB Securities)

The Money Show’s Bruce Whitfield interviews FNB Securities Head of Research Chantal Marx.

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.

Popular articles
Amy'Leigh kidnapping suspect reveals the mastermind

Amy'Leigh kidnapping suspect reveals the mastermind

EWN reporter Kgomotso Modise unpacks the court case at the Vanderbijlpark Magistrates Court.

4 things you should never say if you want to get rich

4 things you should never say if you want to get rich

Don’t ever say or, worse, believe any of these wealth-destroying platitudes, implores personal finance expert Warren Ingram.

'We have evidence that the EFF and Julius Malema took bribes for tenders'

'We have evidence that the EFF and Julius Malema took bribes for tenders'

Arabile Gumede interviews Stefaans Brummer, a journalist at the amaBhungane Centre for Investigative Journalism.

[WATCH] 'If this world were mine', grocery store impromptu rendition goes viral

[WATCH] 'If this world were mine', grocery store impromptu rendition goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

How to buy a new car even if you don’t really have enough money for it

How to buy a new car even if you don’t really have enough money for it

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.

Forensic investigator pokes holes in Watson death probe

Forensic investigator pokes holes in Watson death probe

The recent findings of a private pathologist ruled out suicide as the cause of death of the former Bosasa boss.