Be Financially Smart with FNB

Smart money management techniques to reach your financial goals

Do you consider yourself to be financially smart? Do you make the best decisions you can to get the most out of your money? Or, are you one of the many South Africans that are overwhelmed by money management?

In the last installment of the #BeFinanciallySmart feature on the Azania Mosaka Show, FNB's product specialist looks at smart money management techniques when it comes to transacting, borrowing, insuring and saving and the importance all these financial pillars play in reaching your financial goals.

People need to develop a better relationship with money. We need to upskill ourselves and learn how to manage our money so our children don't make the same mistakes

Ester Osche, FNB Product Specialist

When it comes to transacting, it's important to take a close look at your monthly budget and choose the right bank account based on your transacting needs to avoid additional charges says Osche. One should another bank's ATM to avoid unnecessary charges. It's also important to check your bank fees regularly to see how they impact the way you transact.

Insurance is another important factor when it comes to your finances. Certain policies should be non-negotiables when it comes to your budget says Ester.

Not having certain short-term insurance, like car insurance could cripple you financially for a very long time if something unexpected happens and you need to pay.

Ester Osche, FNB Product Specialist

When it comes to the borrowing part of your finances, Osche stresses the importance of borrowing money within your means and reading the loan contract between you and the bank properly.

And finally, saving and investing. Another non-negotiable in your budget no matter how little you start. Osche says it's important to shop around for different investment options and to diversify your investment portfolio.

Every investment comes with risk, but if you educate yourself on the investment opportunity, you minimise your risk and improve your chances of success

Ester Osche, FNB Product Specialist

Listen to the full audio below


Recommended

by NEWSROOM AI
Read More
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!

How to juggle the stock market smartly for long-term investing

How to juggle the stock market smartly for long-term investing

The Azania Mosaka Show kicks off Savings Month with a discussion about stock markets and long-term investing.

Property investing as a good long-term investment

Property investing as a good long-term investment

FNB Expert Ester Osche discusses how to turn a property into a stable and rewarding long-term investment,

How to spot an investment scam from a mile away

How to spot an investment scam from a mile away

We've all heard stories of people falling victim to poor investment decisions. Here's what you need to look out for.

How to create that emergency savings bucket

How to create that emergency savings bucket

Head of Advisory Channels at FNB Esther Ochse takes a closer look at ways to help you learn to save and invest.

Popular articles
Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Malema has accused the rogue unit of still being operational and Pravin Gordhan of working in the background against the EFF.

Callers rally behind Zondi, question support for Omotoso at the trial

Callers rally behind Zondi, question support for Omotoso at the trial

Callers on The Eusebius McKaiser Show with Sizwe Mpofu-Walsh discuss the Omotoso Trial.

Questions raised over line of questioning at Omotoso trial

Questions raised over line of questioning at Omotoso trial

James Grant says he thinks that it may be time to re-look how the law works in terms of dealing with rape victims.

[WATCH] A golden buzzer for South African trio on talent show

[WATCH] A golden buzzer for South African trio on talent show

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

'The EFF seems to be trying to find scapegoats'

'The EFF seems to be trying to find scapegoats'

Deputy Editor at Financial Mail, Sikhonathi Mantshantsha, seems to be finding excuses as to why its leaders are in trouble.

Sanral considers new measures to 'aggressively' tackle Gauteng e-toll defaulters

Sanral considers new measures to 'aggressively' tackle Gauteng e-toll defaulters

Discussions between Sanral, and the Ministers of Finance and Transport have apparently reached an advanced stage.

'The EFF presser was about blaming Pravin Gordhan'

'The EFF presser was about blaming Pravin Gordhan'

Eyewitness News reporter Clement Manyathela gives a summary of what came out of the EFF presser.

[WATCH] Hilarious little girl tells mom that she needs a boyfriend

[WATCH] Hilarious little girl tells mom that she needs a boyfriend

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