Tag - Saving

Invest for income

By Simon Pearce, CEO Marriott Asset Management Saving is rather like trying to lose weight: it takes effort and willpower, and is entirely up to you. People often ask me how much of their annual income they should save. I tell them that 30% will see them through those latter years, while leaving a little extra for unexpected expenses. The response...

Starting a savings plan

“You always say that every cent is important so I want to start a savings plan. My pocket money is R400 a month and I want to save R200 to invest for the future.  I want to know how I should invest my money,” writes Amogelang who is 22 years old and currently studying. Keabetswe is a second-year university student who also wants to start investing...

How to maximize your first paycheque

A young person starting at their first job suddenly realizes that their first paycheque brings with it substantial power. But understanding this power, and how to wield it, is an extremely important lesson to learn. The power of money can create wealth and abundance but if used incorrectly, it can also bring financial destruction. Your first...

How to save for your child’s education

Choosing to save for your child’s education ahead of your own retirement plan may be a risky strategy but it is understandable given the rising costs of education. According to the Old Mutual Savings and Investment Monitor, 54% of South Africans believe that saving for education is more important than saving for retirement. That figure jumps to...

Saving towards a 5-year goal

A reader wants advice on where to save towards buying a property. “My mother, sister and myself would like to open a savings or investment plan whereby together we would contribute R900 monthly and increasing it by R300 yearly or bi-annually for five years. We want to use it to buy property in five years’ time and rent it out. My mom will be...