Do you recognise what is in this photo?
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| Rare? Almost extinct! |
Yes, it’s that rare thing we call money!
July is National Savings Month. Can it be a year since I wrote about stokvels? I wonder how many more have been set up in the last year? And I also wonder how on earth people can afford to save when we have been shown that the cost of simply living has increased by nearly 6% this year?? And have pensions kept up with the rate? I wish! Alan Winde, the Western Cape Minister for Finance has a catchy phrase for us “Start early and save smartly!” He recommends that we try to save at least 15% of our monthly income. Yes, well.
