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Saving does not mean giving something up: Here’s how to put extra money aside

Saving does not mean giving something up: Here’s how to put extra money aside

By GhanaSummary NewsroomSouth Africa

Most people see saving money as having to give something up: cut back on takeaways, cancel subscriptions, or skip your daily coffee.

Create a little distance between you and your savings A separate savings account, or a plan with a built-in waiting period, creates enough friction to reduce impulse spending, while keeping your money accessible on the rare occasion you genuinely need it.” Six ways to save without giving anything up Mokopane said the answer to why people are not saving is not always a stricter budget, but looking closer at what is already allocated.

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