Working over the holidays is a growing trend among both scholars and students. Many students opt to work over the holidays to improve their financial situation, or they need the extra pocket money and they also benefit from on-the job experience. Either way, this extra money, if saved or invested correctly, can help them financially in the future.
“It’s often a good idea to find temporary employment while completing your studies. It builds character and will help you when you eventually start working. Depending on your current situation and goals, the money earned can be used to finance your studies or help pay off your student loan, fund a holiday or even go towards your longer-term goals like deposits for cars or a first house,” says Himal Parbhoo, CEO FNB Cash Investments.
“We encourage consumers to start saving from a young age as this mind-set will help later in life and help with your future goals.
Parbhoo suggests the following basic tips to help you save your hard-earned cash:
“Working during your holidays can help you save more for your goals. What’s most important is to start planning early and ensure that your savings plan is adhered to,” concludes Parbhoo.
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