Student savings account

Saving money will always rescue yourself in case of emergency especially when something unexpected happens where the situation requires financial attention. As a learner it is of utmost important that you start to learn at an early age to save money regardless of how much is the money. I suppose having a spare box helps such cases where you need to normalise saving as part of your life. Saving from as little as R10 or even less depending on the age that you are in at the time when learning to save money.

Obviously as you grow things start to slightly change on a daily basis and you also start to see differently over time and you may then qualify to apply to saving’s account from the bank which offers lowest bank charges especially for learners or students. Normally students prefer Capitec bank because its application is user friendly and bank charges are less when compared with other banks such as ABSA bank, FNB bank, Nedbank or Standard bank. You can also have multiple accounts under same Capitec bank which not easily accessible on any ATM and can be accessible at selected ATM and at any Capitec bank branch. 

As it may not be advisable and not easy to always have hard cash with you at home, in the car or inside the wallet, it is there fire advisable that you have a savings account where you can easily and securely store money to use at a later stage when required or necessary. With Capitec bank you can also be able to gain interests if you choose to invest the savings into the bank over a certain period of time, minimum months it’s normally 6 months and you can save it in there for that period and earn some interests. It is normally advisable that you save not only what is remaining after you’ve paid the bills but saving should be part of your financial planning because you will never know when you may need the money. 

It’s not only learners or students who are advisable to start saving but most importantly everyone at any age is advisable to learn to save money regardless of how much is the amount to be saved in the savings account. Saving money helps also to purchase items in cash and opposed to lay buy or buy items on credit as that results in extra costs. When saving money you need to be disciplined enough to stick to your goals and try by all means to achieve your hat you have planned to do over certain period of time. Student savings account also has an advantage in a sense that you are able to avoid extra bank charges and only be able to save more money and spend most of your money on things that you have been saving for... It is indeed not easy to save but it is doable and can be achieved by anyone who is determine to save money into their student savings account.