Accessible Money vs Non-Accessible Money: A key Financial concept | #eBizMoney |Stephanus Buys

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eBizRadio and FnB have teamed up to produce a series of podcasts examining and explaining the financial services industry in South Africa – the goal of these podcasts is to educate and share insights on the various personal savings and investment issues and options that we all face.

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Stephanus Buys is the Head of Strategic Business Development at FnB. and he shares his insights on the differences between ”Accessible Money” and Non-Accessible ”Money”.

    • Accessible Money  are typically deposits and short term investments, whilst Non-Accessible Money is the long term investments that cannot be touched for  12 months or longer.
    •  So which type is best?  One’s own personal finances will largely determine which type of investment would be in YOUR best interest.
    • Another important factor is what is the purpose of these savings/investments? Perhaps a family holiday, or a College Fund, or maybe a new retirement account is what you want? –  all these factors come into play.
    •  In South Africa, it is all to common, unfortunately that the people retire after many years of hard work, but have not saved enough to live a life of comfort in their elder years. FnB is committed to tackling this issue that plagues society.
    •  Related to the above point is the fact that ”Emergencies” can and do occur and without some sort of ”back up” i.e.  savings/investments, one’s personal financial situation can deteriorate rapidly.
    •  Finally we take a look at  the purpose behind the many new financial products that FnB offer to market   as part of their  commitment to educating consumers on financial matters.

 

www.fnb.co.za

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Stephanus Buys of FnB in conversation with eBizRadio’s Nick Snow

PODCAST | Click HERE to listen

 

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eBizRadio

eBizRadio

eBizRadio is a live multi- platformed social media service providing an online forum to the business community for holding conversations on the key issues related to specific businesses as well as availing a space for cross-business collaboration in response to key issues affecting the world of business. The place to go if you want to know about business and lifestyle

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