Be Financially Smart with FNB

How to create that emergency savings bucket

How much money have you saved in your lifetime? What did you buy with the money you saved? Right now, how much money have you put away in your savings or investment accounts?

On this week's Be Financially smart we take a close look at saving and investing.

READ: Six ways to manage temptation and reduce your debt

Azania Mosaka spoke to Head of Advisory Channels at FNB Esther Ochse who said people need to have that emergency savings bucket.

Emergencies happen, you need to take the kids to the doctor or the dog to the vet. Make sure that you have the cash available so that you can pay for it. That you don't have to go into debt to that.

Esther Ochse, Head of Advisory Channels at FNB

Osche adds that you need to have money available in an easy to access account so that you avoid going into debt when emergencies happen.

The right time to start saving and investing is now. You have savings and you have to invest, saving is your short-term stuff.

Esther Ochse, Head of Advisory Channels at FNB

Investing is true wealth creation, that's where you start talking about your retirement.

Esther Ochse, Head of Advisory Channels at FNB

Listen below to the Be Financially Smart feature:


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How to ensure Bo Kaap residents benefit from CPT tourism?

How to ensure Bo Kaap residents benefit from CPT tourism?

Residents say despite the area being filled with tourists buses on a daily basis, they are not benefiting financially from them being there.

Silly money mistakes clever people make when they start working

Silly money mistakes clever people make when they start working

Don’t be dumb with money like many smart people! Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

#TalkingTech - Say cheese! Opening a bank account just got easier

#TalkingTech - Say cheese! Opening a bank account just got easier

It's now possible open an FNB banking account, simply by taking a selfie.

MTN is South Africa’s most valuable brand (followed by Vodacom and a rising FNB)

MTN is South Africa’s most valuable brand (followed by Vodacom and a rising FNB)

The Money Show’s Bruce Whitfield interviews Brand Finance South Africa Director Jeremy Sampson.

Managing the risk of over- and under-insurance

Managing the risk of over- and under-insurance

Do you know how much your assets are worth and if you're paying too much for your insurance cover? FNB Expert Eunice Sibiya weighs in.

Household and car insurance - essential cover you can't ignore

Household and car insurance - essential cover you can't ignore

Is the money you have in the bank right now enough to cover all the assets in your home? FNB expert Eunice Sibiya talks all things insurance.

Why insurance is not a grudge purchase but a necessity

Why insurance is not a grudge purchase but a necessity

Most of us think about insurance as a thorn in the side of our budget however it's important for our financial wellbeing

Got a bad spending habit? Enter Money Rehab (don’t say ‘no, no, no!’)

Got a bad spending habit? Enter Money Rehab (don’t say ‘no, no, no!’)

Want to live a less stressed, financially secure life? Old Mutual’s John Manyike has tips to help you kick your spending habit.

Let me tell you a story, its about how you are being manipulated - all the time.

Let me tell you a story, its about how you are being manipulated - all the time.

Entertainment and news are being used to change the way you see the world and not always truthfully.

Buying your first  home? Here's what you need to know

Buying your first home? Here's what you need to know

Buying a house is probably the most expensive purchase you'll ever make, so you need to take careful steps says FNB expert Eunice Sibiya.

Budgets are sexy. No, seriously, they are - they make stuff happen!

Budgets are sexy. No, seriously, they are - they make stuff happen!

Not convinced? The Money Show's Bruce Whitfield asks Personal Financial Advisor Warren Ingram for tips to budget well.

Car finance that best suits your pocket - not your status

Car finance that best suits your pocket - not your status

Struggling to make the right decision regarding your car finance? FNB expert Eunice Sibiya weighs in.

Six ways to manage temptation and reduce your debt

Six ways to manage temptation and reduce your debt

Have you ever taken a loan that you didn't really need? FNB Expert Eunice Sibiya weighs in on how you can manage your debt more effectively.

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.

How to make better financial decisions and become smarter with your randelas

How to make better financial decisions and become smarter with your randelas

Eunice Sibiya, Head of FNB’s Consumer Education Programme shares some sound advice of how to become financially smart.

Popular articles
[LISTEN] Cape Town businesswoman targeted in fake invoice scam

[LISTEN] Cape Town businesswoman targeted in fake invoice scam

Jacqui Kaminer says banking officials were unable to investigate the matter further because police failed to open a case for her.

Stealthing: a form of rape, says Dr Tlaleng

Stealthing: a form of rape, says Dr Tlaleng

'Stealthing' is the act of discreetly removing the condom without the knowledge or consent of the other party during sex.

Afroworld View employees left jobless, as DStv shuts it down

Afroworld View employees left jobless, as DStv shuts it down

CWU says 350 workers from Afroworld View will be paid at the end of the month even though the channel has closed.

[WATCH] Guy gives girlfriend the hood from his jacket but keeps coat for himself

[WATCH] Guy gives girlfriend the hood from his jacket but keeps coat for himself

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

Two young boys go the extra mile to get a sick dog to a vet with just R7

Two young boys go the extra mile to get a sick dog to a vet with just R7

Peter and Jerry gave up their last R7 to get a sick community dog (Lady) to an Animal Welfare shelter for medical attention.