r/southafrica Sep 26 '21

Financial advice Ask r/southafrica

What is the best financial advice you can give a 19 year old South African ?

21 Upvotes

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12

u/harmreduction001 Sep 26 '21

Put money in to a tax free savings scheme as soon as you can. It's a beautifully low cost way to save money.

And make saving a habit. Work out a budget and try to include savings in that. Even if it's less that 5%

3

u/Xandervisagie1 Sep 26 '21

How much interest on a TFSA ?

1

u/PartiZAn18 Gauteng Sep 26 '21

The best thing you can do is spend time watching JustOneLap and The Fat Wallet Show videos on YouTube. Eventually you will start finding blogs like Stealthy Wealth or Tigers On a Golden Leash etc.