We’re good at blowing cash - Motlokoa Pakana, Heilbron

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Are some of you really surprised by a report by FNB that 80% of the middle-income consumers who earn between R180 000 and R500 000 a year spend their monthly salary within five days?

What is surprising you?

Do you find five days to be too long for you?

Or did you think you were the only one whose salary lasts for no less than five days?

It’s so intriguing that the other 20% of the middle-income earners’ income is expected to last 20 days.

People must refrain from unhealthy spending habits.

I bought a Ford Ranger that I now realise I didn’t need.

Set financial goals and review them often.

- Letter by Motlokoa Pakana, Heilbron

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