Effective saving strategies for a secure financial future

SAVING money might seem like a daunting task, especially if you're aiming to achieve long-term goals such as buying a home, funding your children's education, or retiring comfortably.

- THOMAS BERRY

However, much like building a house, financial success isn’t built overnight; similar to the discipline you apply in your everyday life, it's a steady process of laying down one brick at a time.

Each contribution you make towards your retirement annuity, tax-free savings account, or voluntary investment, to name a few, becomes a foundational brick, helping you build a secure and resilient financial future.

Start with a solid plan

Just as you wouldn't build a house without a detailed plan, you shouldn't begin saving without clear goals. Start by defining what you're saving for, such as retirement, education, a home, or a holiday, to name a few. This clarity gives your savings purpose, making it easier to stay motivated and disciplined. Set short, medium, and long-term goals, each with realistic timelines and targeted amounts that you can track over time.

Lay the foundation: pay yourself first