Building up reserves for the holidays

planning-holiday-financesJanuary is the month when a lot of people avoid opening their credit card statements, and for good reason – the December spending spree creates a nasty debt surprise for millions of people around the world every year.

December is the month when most South Africans overspend, with year-end coastal holidays, Christmas, and the new school year taking a serious bite out of most family finances. Despite many workers receiving bonuses in December, it’s rare to meet someone who starts the year with solid finances – let’s aim to be that rare person. Continue reading