HOW TO SPEND YOUR MONEY WISELY THIS FESTIVE SEASON

After a long year, summer is here. A time to relax, a time for family and friends, celebrations, and a time for giving. With 2020 being one of the most unpredictable years in modern history, and with COVID-19 still very much alive in South Africa, how will this affect our festive season? With millions of South Africans making plans to travel and spend some much-needed time with their loved ones, how do we go about making sure we are still being responsible and still doing our part against the invisible enemy, COVID-19? With so much uncertainty in our daily lives, what can we really rely on for a secure future? With everyone’s budgets no doubt being tighter than usual during the festive season, how do we go about ensuring we are still able to spend real quality time together? These are some of the questions that we would like to help you with during this festive season.

Some of the answers to some of the biggest questions often come from observing the smaller things and taking the little steps. Simplicity is not always the easy answer but is, more often than not, the right answer. When traveling, be it on vacation or to visit family and friends, always remember to pack a mask and wear one in public or in whatever other situation it will make you feel comfortable. Sanitize your hands frequently, more frequently than what you might think. There are still summer precautions to consider as well. Pack a hat, remember to wear sunscreen and stay hydrated. When traveling long distances, stop and take a break more often. Being prepared and doing the little things that matter will give you the freedom to still enjoy the holidays, no matter how challenging the year has been.

The same is true for your financial wellbeing. Doing the little things right today will enable you to have a more secure tomorrow. The festive season is a time of celebration, which can also mean that spending increases and can get out of hand – but it doesn’t have to. You do not need to spend all of your hard-earned savings to have a good time. Instead of eating out, enjoy cooking a meal at home together as a family. And if the kitchen is not your forte, us South Africans can never braai enough, especially in the lovely summer days our country has to offer. Christmas being the

time of giving, try to make a gift for loved ones instead of buying one – often it will mean more to the person receiving it and to you too. These small changes can add up and help you really get value out of your money, while still enjoying the quality time you spend with your loved ones.

At Finbond Mutual Bank, we care about your financial wellbeing and about your future. That is why we offer some of the best fixed term deposit interest rates you will find, as well as some of the best interest on normal savings accounts available. We believe that if you spend your money wisely and save, you should be rewarded for it with interest – that is one of the basics of banking. Simple and straightforward. With your money growing, you will be able to really take a break this festive season and focus on the things that matter.

Summer is here to be enjoyed. Get out more, take more walks, enjoy the beautiful nature South Africa has to offer. Take joy in simple things. Laugh, have fun. You are prepared for the issues at present and you are prepared for your financial future. Simple as that. God bless you all. •

Contact Finbond Mutual Bank today at 086 000 4249 or SMS ‘mybank’ to 30635 and one of our consultants will phone you right back, or visit our our website at: www.finbondmutualbank.co.za