As we approach the middle of the year, we are presented with an opportunity to reflect on our new year financial resolutions and to gauge whether our financial goals are still on track.
Ester Ochse, Product Specialist at FNB Wealth and Investments said, "Saving and investing should form an important part of your goals and money management journey. By regularly revisiting your progress, you can see if you are on track to meet your financial goals".
Ochse added, "However, after assessing your goals and seeing that you are not where you had anticipated to be by this time, you should look at how you can do better. You shouldn’t feel discouraged if your savings goals for this year are not on track, you still have six months to meet them,” says Ochse as she shares tips on how you can still achieve your savings goal".
Record your expenses
Keep track of all your expenses. From that cup of coffee, lunch at work, data and airtime. This initial step will help you see how much you spend and will give you an indication on where you need to reduce. This will help you free up some funds which can be channelled towards your savings.