# South Africans are being urged to embrace healthy saving habits as National Savings Month begins. Experts say increased savings boost investment and grow the economy. However, high unemployment and rising living costs make saving difficult for many. Citizens are encouraged to budget, reduce debt, and consider side hustles or retirement annuities. The 50-30-20 budgeting rule is also advised which includes allocating 50-percent of income to needs, 30-percent to wants, and 20-percent to savings. Financial literacy from a young age is key.
South Africans urged to adopt smart saving habits during National Savings Month