More than half of middle income earners spend their salary within five days!
Now that's a cause for concern...
In a world where the amount of time it takes you to work for your salary doesn't equate to the amount of time you take to spend it, it's safe to say, we need to be more savvy when it comes to our spending habits...
South Africans have always been accused of not being particularly good with their spending habits.
Well, let's just say that we form part of a culture that likes nice things...
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But that is no excuse to continue with our negative ways of managing our money.
This is why when we saw this page called Financially Fabulous, we had to share some interesting but shocking information.
According to Yolanda Rose Haripersad (MBA), a wealth advisor from Financially Fabulous, more than half of middle income earners in South Africa spend their salary in less than five days of receiving it.
WATCH her video that speaks about money and what it actually means for us.
Courtesy of TikTok:
@financially.fabulous What is money?
♬ original sound - Investing & personal Finance
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Now this is the video that stopped us in our tracks...
WATCH below, courtesy of TikTok:
@financially.fabulous ♬ original sound - Investing & personal Finance
Yolanda has laid it on thick for those of you who are guilty of not having money come week two of the month.
It's the 4th of the new month, and can you honestly say you have only spent on necessities so far? The truth is that it's not too late to learn about having a healthy money mindset and teaching the next generation to be more savvy and smart with their money.
Image Courtesy of Pexels