The year 2020 was tough as the unexpected impact of COVID-19 hurt the financial goals of many people. As the economy struggled, individuals suffered from weak income following millions of job losses while consumer prices increased significantly (food, electricity and petrol prices rose).
With income and the buying power of money falling, many people had less money to save and some even had to take money out of their savings to support their livelihood in 2020. Early indications are that the impact of the pandemic would still be felt in 2021.
So how would you like your December 2021 to look like? We are only a week into the year and this is the time for goal setting. To support your journey, we at Money Africa take you through some practical steps to achieve your financial goals.