While you were studying, parents were taking care of your financial needs. Now that you are an adult and you are working, it is important that you start taking responsibility for your financial life. A money market account is a good starting point. If you invest with ThuthukaSA, we will open one for you and the main advantages of the money market accounts are;

• Your capital is preserved so you are unlikely to lose the capital invested
• You can access the money when you have an emergency
• You can start from as little as R500 in monthly contributions but if you can push yourself to start at R1000, that would be great
• Your interest is higher than what you gain when you invest with a bank e.g. one of the money market accounts has the following returns

• You cannot easily access the money so you are likely to leave it alone and let it grow – which is the best investment strategy!

• You can use the same account to save for the festive season or holidays
• This is a good way to start the habit of investing money

While you are young and you do not have a family, you are at your richest. Start building good money habits now so contact ThuthukaSA to help you open a money market account

Next time, we are going to talk about why it is important for you to start investing for your old age while you are still so young. To moms and dads that are reading this, please share with your children and use this as an opportunity to speak to your kids about money. Now is also the perfect time to encourage your family to join #MoneyGoals4Life and lets see how much your family can save by December 2025!