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Saving for a rainy day?

Most of us don't necessarily have any big goals that we’re saving for, although we should. Saving money to cover the cost of emergencies is one of the best ways to manage your finances. You avoid the risk of asking for loans to cover the cost of unforeseen incidents. Want to save?

Lady looking at her mobile phone
      What you can expect if you start saving today?
      The examples set out in the table below show what the future value of your savings could look like.
      Monthly contribution
      Amount you will have saved over 5 years
      Amount you will have saved over 10 years
      Amount you will have saved over 15 years
      R500/month
      R39 093
      R104 160
      R208 266
      R1 000/month
      R78 186
      R208 320
      R416 532
      R1 500/month
      R117 280
      R312 480
      R624 798
      R2 000/month
      R156 373
      R416 640
      R833 064
      R2 500/month
      R195 466
      R520 801
      R1 041 329
      R500/month
      Benefits
      R1 000/month
      Benefits
      R1 500/month
      Benefits
      R2 000/month
      Benefits
      R2 500/month
      Benefits
      Amount you will have saved over 5 years
      R39 093
      Amount you will have saved over 10 years
      R104 160
      Amount you will have saved over 15 years
      R208 266
      Amount you will have saved over 5 years
      R78 186
      Amount you will have saved over 10 years
      R208 320
      Amount you will have saved over 15 years
      R416 532
      Amount you will have saved over 5 years
      R117 280
      Amount you will have saved over 10 years
      R312 480
      Amount you will have saved over 15 years
      R624 798
      Amount you will have saved over 5 years
      R156 373
      Amount you will have saved over 10 years
      R416 640
      Amount you will have saved over 15 years
      R833 064
      Amount you will have saved over 5 years
      R195 466
      Amount you will have saved over 10 years
      R520 801
      Amount you will have saved over 15 years
      R1 041 329

      The purpose of this table is to illustrate the possible future value of savings. The table assumes an 8% gross growth rate on your savings and an annual premium increase of 5%. Growth rates can vary depending on economic circumstances. The amount that you need to save might however differ from your specific circumstances. Please do not rely purely on this table when making financial decisions. It’s always important to get professional financial advice.

                                                                                  Now let’s explore some of your optionsIdeally, you want to get into the habit of saving when you land your first job. The next best time to start saving is now. Old Mutual has a range of products designed to help you save.
                                                                                  Features

                                                                                  Tax Free Savings Account

                                                                                  Grow your savings without paying tax the growth your money earns

                                                                                  Flexible Plan

                                                                                  Allows you to supplement your tax free savings or save for any other life goals

                                                                                  Money Account

                                                                                  A low-cost transactional account designed to help you save

                                                                                  Unit Trusts

                                                                                  A flexible investment with a large selection of funds to choose from

                                                                                  Monthly premiums

                                                                                  From R250/month

                                                                                  From R500/month

                                                                                  For a low monthly admin fee of R4.95

                                                                                  From R500/month

                                                                                  Can I stop investing when I am no longer able to?

                                                                                  Is my investment growth tax free?

                                                                                  Can I access my money if I need it?

                                                                                  Can I invest online?

                                                                                  Can I choose funds outside Old Mutual?

                                                                                  Tax Free Savings Account

                                                                                  Grow your savings without paying tax the growth your money earns

                                                                                  Features
                                                                                  Flexible Plan

                                                                                  Allows you to supplement your tax free savings or simply save for any other life goals

                                                                                  Unit Trusts

                                                                                  A highly flexible investment with a large selection of funds to choose from

                                                                                  Benefits

                                                                                  Monthly premiums

                                                                                  From R250/month

                                                                                  Can I stop investing when I am no longer able to?

                                                                                  Is my investment growth tax free?

                                                                                  Can I access my money when I need it?

                                                                                  Can I choose funds outside Old Mutual?

                                                                                  Can I invest online?

                                                                                  Monthly premiums

                                                                                  From R500/month

                                                                                  Can I stop investing when I am no longer able to?

                                                                                  Is my investment growth tax free?

                                                                                  Can I access my money when I need it?

                                                                                  Can I choose funds outside Old Mutual?

                                                                                  Can I invest online?

                                                                                  Monthly premium

                                                                                  From R500/month

                                                                                  Can I stop investing when I am no longer able to?

                                                                                  Is my investment growth tax free?

                                                                                  Can I access my money when I need it?

                                                                                  Can I choose funds outside Old Mutual?

                                                                                  Can I invest online?


                                                                                  Why save for a rainy day?There are many reasons why saving for a rainy day is important. But we don’t just want you to save without seeing a benefit. We are about making your savings grow. Here’s why you should save.What good investing means?Investment is not about making quick ching ching. It’s about understanding the rules of the game. Here are a few pointers to help you make the right investment decisions.

                                                                                  Start investing sooner and do it for a longer period. Never mind the ups and downs along the way. You are more likely to make good money this way.

                                                                                  Don't disinvest when the going gets tough. The market may have dipped now, but the potential to gain is greater when the market bounces back. Be patient.

                                                                                  Experience counts. No manga manga ‘make quick money’ investment companies. Invest with a company that has experience in managing people’s money in different market conditions.

                                                                                  What good investing means?
                                                                                      Know it so you can grow itHere are some articles to help you get your head around investing.
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                                                                                        Copyright Old Mutual Limited 2020
                                                                                        Disclaimer Privacy Notice
                                                                                        Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries.
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