5 Financial goals to work towards

It’s important to have achievable financial goals, whoever you are and whatever it is that you earn. Here we define five financial goals to aspire towards, and some tips on how to achieve them.

1. Become debt free

This is the most important goal. If you are badly in debt, seek help by contacting a debt counsellor. If you have minor debt, focus on paying it off before you begin to save. Putting aside savings whilst paying off debts creates a false economy. Don’t get caught in this trap. For advice on clearing your debts, read our simple debt guide.

2. Build your savings

The goal should be at least six month’s salary worth of savings. If this feels impossible, aim for three months initially.

Always include your savings in your budget. This site is full of tips on how to save with everyday goods such as grocery shopping or medication and toiletries. It’s simple: the less you spend, the more cash you’ll free up to put aside each month. Make sure your savings are in a high-interest savings account that works for you, and keep up to date with the latest savings accounts available on the market to ensure you are always getting the best possible deal.

3. Be prepared for retirement

As long as you haven’t got any major debts to pay off, you should begin paying money into your pension fund as early as possible. These contributions should exist separately and on top of your long-term savings: Justmoney estimates that even those on an employer-backed pension fund may still need an extra 30% to 70% on top of their retirement pay-out to live comfortably after retirement. The amount you deposit into your pre-retirement fund is dependent on two main factors: a) How much you earn and b). How long you have until retirement. Take a look at our pension fund guide for more information.

4. Get covered

Your goal here will differ depending on your situation. If you have dependents, you need to make sure that any debts will be covered in your absence, and that your family will be able to survive financially without you.

If you are single, it is important to make sure that you are at least covered for dread disease and income protection insurance. There are various insurance plans available. From dread disease to critical illness to disability insurance, the vast array of options can be confusing even if you are not applying for the first time. The question to keep front of mind and to ask your insurance broker is, “What will my financial situation look like if I was diagnosed with a dread disease (cancer/ stroke/ heart attack, etc.)?”

5. Invest

Investing your money wisely is an effective means to building wealth. But where to start? First, you need to create an investment strategy which is aligned with your lifetime goals. Whether it is a unit trust or buying a property, everyone’s investment requirements and long-term goals are different. Take a look at our investment tips for more advice on how to invest.

For regular, independent advice on how to save and spend your money wisely, subscribe to our weekly newsletter.



Picking up and being able to travel on a whim is everyone’s dream, right? Whether it’s to the ancient pyramids in Egypt or the endless white beaches and blue waters in Sardinia, the luxury and ease of it all just appeals. But, you’ve decided to explore the prospect of parenthood. And while you can’t wait for the ‘joy’ that comes with it, there are a few must-sees before you take the parenting plunge.

Breastfeeding is both beautiful and natural -  or so they say. However, it could also mean rock-hard painful breasts, leaking through breast pads and spraying milk as you’re trying to get your baby to latch. Especially if you’re one of those women who have a surplus of breast milk.

Shoprite/Checkers Student Discount

star Treat your friend to lunch at Slug n Lettuce at half prices.The pub is offering a 50% discount on all burgers between 12pm and 4pm.

star Celebrate your birthday on top of Table Mountain. The Cableway offers you a free return ticket to one of the world's wonders to make your day extra special.

These days, the word ‘surrogacy’ often tends to be attached to the name of someone famous like Kim Kardashian, Nicole Kidman or even Elton John. In addition to the process being glamourised we often hear that these surrogates are also being paid big money. But is this an accurate depiction of surrogacy?

For as long as women have been having babies, they have been having cravings. From ice cream to chalk and cheese. Many a pregnancy story has begun with a pregnant woman with a feverish craving and her nervous husband anxiously seeking the latest object of her desire – such as a bottle of pickles in the middle of the night.

Think insulin resistance, and terms such as glucose and prediabetic come to mind. But what does it mean? Moneybags journalist Danielle Van Wyk explores insulin resistance and the warning signs.