The key to reaching your long-term financial goals is to ensure that the occasional crisis does not derail your plans. If someone doesn’t have this emergency fund to draw on, they would either take on debt or dip into their retirement savings upon retrenchment, both of which are detrimental to one’s long-term finances. Today, we look at what tools can be used to ensure short-term and medium-term financial wellness.

As part of National Savings Month, the aim is to cultivate a culture of savings and making the public aware of the importance of financial health. This year’s focus is on bringing savings in your language.

 

Guest: Tony Buys – Financial Advisor