top of page
  • Charmaine Sheen

Show your finances some love this Valentine’s Day!


I came across some scary statistics surrounding South Africans and their finances.

Did you know?

  • We now have 24.31 million credit consumers. This is 8-million more people than the total number of employed people in South Africa.

  • During 2017, over 48 000 summons for debt were issued, valued at more than R350 million.

  • Officially, 2 out of 5 consumers are credit stressed.

  • This excludes informal credit avenues like loan sharks.

  • 30% of working South Africans have no formal retirement provision.

  • Only 6% of South Africans can retire comfortably.

Finances are stressful! And we seem to cause ourselves even more distress by avoiding the topic completely, making financial planning and budgeting non-existent.

For Valentine’s Day show yourself some love (#NoReason) and take a step backwards.

Start at the beginning by asking yourself what your financial goals are, and most importantly what are your financial values – and those of your family.

By having a better understanding of what is important to you, you’ll have a better idea of your spending habits, if you are heading in the right financial direction and if your goals are realistic.

Financial Wellness

Image source: Shutterstock

You’ll be less stressed, experience less conflict within your family and most importantly, you’ll start to make better financial decisions.

20 views0 comments

Recent Posts

See All
bottom of page