Five steps to financial freedom
The key to building personal wealth is to adopt the basic principles of saving money
Women often experience gender bias in the workplace, receiving less pay than their male counterparts, taking time off work or pursuing careers less aggressively than men because they are balancing their roles as employees and mothers. In addition, many South African women face the challenge of being single parents. With National Savings Month over (but always top of mind) and Women’s Month in full swing, it is appropriate that we focus on financial habits and how to move from financial vulnerability to prosperity. Saving helps us reach our goals and become financially secure. Savings also protect us from going into debt when emergencies happen. Savings should also be set aside for planned expenses rather than buying on credit – that way you harness the power of compound interest to work for you rather than against you. The key to building personal wealth in general is to adopt the basic principles of saving money before you spend it. The increase in VAT and higher fuel prices are pu...
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