Determine if it is a short, medium or long-term goal.
Plan your savings goal.
Determine how much you need to save monthly to achieve your goal.
Adjust your budget to reduce unnecessary expenses.
Add your savings amount to your budget.
Ensure your money is transferred to a separate savings account.
Determine how much you need to save monthly to achieve your goal.
For these accounts you must give your bank notice when you want to withdraw your money.
These accounts are for short-term investments of less than 12 months.
For a group of people who come together to save on a regular basis. These can be formal or informal.
A Unit trust is a saving and investment product where a group of individual investors put their money together for the purpose of investing.
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