Save and also Invest!

Save, save, save

Every month, most of us keep away a portion of our income to save - for the future. And if you don’t already, now is a great time to start! !

Make it a habit

A neat way of ensuring you save is to set up an automatic transfer every month from your bank account into a separate savings account. While saving your money is a great (and required) first step, saving alone does not grow your money.

Money sitting in the bank needs to be… you guessed it right: invested!

To really understand the power of investing, we are going to take a slight detour and talk about our favourite fruit: Apples!

Let’s say you bought some fresh, crunchy apples and stored them in your fridge to eat later. 🍏 Think of these apples as your savings: easily reachable when you need them, but will be over once you consume them.

Hmm, so what? Isn’t that the point of saving them? 🤨

True, the apples are there in your fridge to save for when you do get hungry. 

But, what if you could create more apples from those apples? 🌳🌳

You can probably guess where we are going with this...

Plant the seeds of an apple - and with time and nourishment you can enjoy much of the bounty. 🎁

Now that’s seed funding for your own future! You just “invested” some seeds and created new apples from them. 🌱

How much to save?

Savings are needed to make your investment. 

But you also need to decide what is the portion of savings you will invest. 🍕 A rule of thumb for savings is at least 20-30% of your monthly income, based on studies that have been done. 

Cool, now that you’re well-versed with savings! Moving on...