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.
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
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