FINANCIAL independence in the future comes from one’s attitude about money and savings today, a top bank executive has said. Stanbic Bank head of personal banking Kudzanai Nyoni said control of finances means one has more freedom to make long-term financial investments.
BY BUSINESS REPORTER
“Financial independence in the future comes from your attitude about money and savings today. We all want to have better lives in the future, secure our children’s education, go on that much-needed holiday, buy a house or purchase that nice car. All this can be achieved if you have a saving plan,” Nyoni said.
He said some of the tips one can use to start saving are putting away some money for oneself every month, avoid borrowing more than one requires and stick to the budget. He said one has to put money where it earns interest.
“Control your expenses. Have a budget and stick to it. Each month spend on essentials first, put away saving amount, then budget the remainder for entertainment, lunch. Plan your trips before leaving the house to save on fuel. To avoid impulse buying, create a list of items to buy at the shop and stick to that list,” he said.
He said Stanbic was offering a Plus Plan Savings Account which earns interest.
“There are no bank charges with a Stanbic Bank Plus Savings Account which gives you all the more reason to save and make better financial choices,” Nyoni said.
