If nothing else, 2020 was humbling. There were many things we thought we knew about the market, about gold, about interest rates and about predicting the future that just turned out to be not so.

In this year-end episode of The Fat Wallet Show we share some thoughts and insights, as well as a nice bottle of bubbles.

Here's to a happier 2021.

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Win of the week: Tayo

One thing I do however is set up separate scheduled transfers with different references if I have a more specific goal.

So instead of transferring R100 every month into my EM, I'll have a transfer with reference UPGRADE_KITCHEN of R20, another with R10 for UPGRADE_PHONE_FUND and the rest a normal EM dump.

This way I can just search for UPGRADE_KITCHEN on 22seven and I can see how much I've saved up for that particular goal.

Extra points for using the same UPGRADE_KITCHEN reference when taking out of that 'fund' so I know how much I've spent and how much I have left.

I make sure to keep it simple:

1. Keep those goals as broad and few as possible (I only have 3 at the moment)
2. Don't overthink it.

1 bank account (also 1 banking charge), no excel admin