This is the first in a series of articles on savings which will be published in July.
An article from Allan Gray portrays, in a very clever manner, how procrastination can severely impact on one later in life.
July has been designated ‘Savings Month’ by the Savings Institute of South Africa. It is a good time to reflect on the choice we make between saving and spending; a choice that pits our future needs against what we need and want now. Many of us struggle with this trade-off because it’s difficult to have a tangible concept of the future and to understand how little time we actually have to save money over a lifetime. Despite procrastinating we think we will have enough time to save the money we need for retirement.