1. A bank account

Choosing the right bank isn’t just about finding a safe place to store your money; it’s also about finding the lowest bank fees. Banks make their money by making you pay for transactions, from ATM charges to monthly usage fees. You can spend over R200 a month on bank fees (that’s R2 400 a year). Use our bank costs calculator to compare Capitec Bank with other banks. Remember, you don’t have to be tied to your bank for life, and it’s easy to join us .

2. A savings plan

At least 10% of what you earn should be going into savings. That’s money you can use for a holiday at the end of the year or as a deposit for a car. Did you know that with a Global One facility, you have the option of 4 savings plans in addition to your main transaction account? Name them anything you like: my car, my wedding, Mauritius, or my education, and earn top interest rates as you power your way towards your savings goals.

3. An emergency fund

Unexpected costs crop up all the time. Leaking pipes under the sink, a rent deposit so you can move into a flat or an unscheduled trip home. You should be dipping into your emergency fund for these, not your regular salary. Set up a direct deposit from your main account to your emergency fund every month so you’ll never forget.

4. A retirement plan

Would you survive on R1 270 a month? Well, that’s what many elderly people have to live on. You don’t want to end up in a situation where the social grant is your only source of income. If you don’t already have a retirement plan, get started on it now.

5. Access to credit

Big goals, such as starting a business, buying a car or going to university, need big cash investments. This is where ​credit can work for you. We offer loans of up to R200 000 with the Global One facility, money that can help make your dreams come true. But once you have a loan, you must get serious about paying it back so you don’t end up defaulting on loan repayments.