The importance of saving and investing

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File: Former deputy president of Economic Freedom Fighters (EFF) party and new uMkhonto weSizwe (MK) party national organiser Floyd Shivambu speaks during a press conference in Sandton, Johannesburg on August 22, 2024. 
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Your financial wellbeing starts with financial literacy. The more you know, the better equipped you are to plan and manage your finances.
AVBOB proudly brings you Mutual Wellness in 60 Seconds, a series on financial wellness matters, and all things ‘mutual’. 
As Africa’s largest mutual society, AVBOB takes your financial health seriously.
In the video below, we look at the importance of saving and investing.
Saving and investing
Whether it’s being prepared for life’s challenges or reaching your financial goals, savings can assist to make things happen.
Despite tough economic conditions, you don’t have to give up your dreams of financial stability, quality education, a well-earned holiday or an emergency fund. The secret to successful investing is to start small. 
You can always increase the amount you invest. However, the key is to simply start… the sooner the better.
Did you know that AVBOB offers 5-year and 10-year investment accounts that let you save from as little as R250 per month? Over and above the interest that you will receive, you will also be eligible to get bonuses and other benefits that come with the investment plan.

 Visit www.AVBOB.co.za or call 0861 28 26 21 to find out more.
AVBOB Mutual Assurance Society is a licensed life insurer and authorised Financial Services Provider. FSP 20656. AVBOB is a level 1 B-BBEE contributor.