Keeping up with the Joneses

Yes I am so going there, it is time that we all seriously start looking into ways to help our financial situation in these challenging economic times. We don’t know how long the ripple effect of the recession will last or even if it will get worse, but experts suggests that the sooner we can start saving for retirement, the richer we can be. We find that our budgets has been cut to such an extend struggling to put away our savings. It is difficult to cut back any further as providing solely for our basic needs is becoming a challenge. The reality is that we are now at a critical age in our 20’s to already start saving for retirement. SARS and Sanlam have joined in to encourage us to save with high interest rates on a retirement account. To have more   money in your pocket you need to manage your budget and control youre spending, is this really easily said than done? Come into the habit to set aside as much as you can each month into a retirement savings plan. It’s the best thing you can do to keep up.