South Africa is rated as being one of the most indebted countries in the world.
Becoming a saver means forming a habit. You need to get into the habit of putting at least 10% of your salary into some sort of savings at the BEGINNING of each month. It is crucial that you do this at the beginning of the month so that you don not spend that money. If your strategy is to save the money that you don't spend at the end of each month - you will end up saving on average a lot less than 10% of your salary.
Savings will allow you to access money and not need to take out a loan. You can use your savings for new home furniture, holidays, weddings, fix your car. It acts as a safe for when you need to access money quickly.
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