FNB CEO sees slowdown in debt
By Marc Ashton
FNB CEO Michael Jordaan believes South Africans are rapidly de-gearing themselves, and now is the time to make them aware of the importance of saving.
The best way to insulate yourself from the downturn is to have a buffer. This means a way of preserving your real assets, like a savings account. In general you would need three months living expenses stored away to make an adequate buffer. Consolidate your debts, get your spending in line with what you earn, plan for your retirement and save, save, save.