Stats and reports have confirmed that South Africans don’t have a healthy relationship with money. There are many contributing factors like the struggling rand, constant petrol and electricity price hikes and various inflationary pressures.
So what’s a healthy balance between being realistic about your financial standing and trying to live a lifestyle you desire or feel you should be living? And with that being said – how then do we cultivate a culture of saving as a step to financial freedom?
That’s the conversation we’re having today as we continue to observe National Savings month on #TheSitDownWomenomics
Guest: Sheila- Ann Robey
Sheila-Ann Robey is an accredited Financial Advisor with Liberty, and has been with the organisation since 2017. During her tenure at Liberty, Sheila has achieved High Flyer status and is currently one of the top writers for risk business in the organisation and has recently become a media spokesperson for Liberty.
Sheila is a qualified attorney, who specialised in professional indemnity law while on the practicing roll. She is currently completing her Master’s degree in Insurance Law through the University of South Africa, where after she aims to complete her qualification as a Certified Financial Planner. Sheila is also a mommy to an almost one year old, and a devoted wife.
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The South African Reserve Bank recently announced the reduction of the repo rate by a further 25 basis points bringing this year’s total cuts to 300 basis points and offering South Africans some much needed financial relief. The devastating effects of the pandemic have included job cuts, inconsistent income streams and salary cuts. There has been efforts to assist businesses and consumers obtain financial relief which provides an opportunity to review our financial goals and review our paths to financial freedom. Today on #TheSitDownWomenomics, we continue to observe National Savings Month in partnership with @libertygroupsa, looking at ways to cultivate the culture of saving during uncertain times.