Many parents did not grow up with financial wellness skills being imparted to them, but this Mother’s Day, we share 4 meaningful gifts that will equip and empower them.
Financial skills are, for many, learnt in adulthood. Good thing is that it’s never too late to empower those you love, and what better time than this Mother’s Day to share these 4 meaningful financial wellness gifts with mom?
Get these products with your RCS Store Card that gives you access to South Africa’s biggest independent shopping network of over 26 000 stores, zero transaction fees and a revolving credit facility for your everyday purchases up to R50 000.
A LESSON IN FINANCIAL APPS
With a day dedicated to mom, make her favourite breakfast or lunch and while enjoying it together, take the time to show her how to use a financial app to better manage her finances on her smartphone. Try the Goodbudget app (available on the Apple Store and Play Store), which allows you to keep a record of your day-to-day spending against your budget.
GIVE AN INVESTMENT GIFT
An investment is the ultimate financial wellness gift that keeps on giving. If you’re looking to give your mom a gift that will grow in value, then consult a financial adviser to learn about the right investment for her.
FINANCIAL BOOKS TO READ
If your mom enjoys reading, then a book on financial literacy may be the perfect gift. Consider Invest Your Way to Wealth by Thobelani Maphumulo, available at Exclusive Books for R236 or Become Your Own Financial Advisor by Warren Ingram for R287. Get these with your RCS Store Card and get up to 55 days interest free.*
INVEST IN THEIR PASSION WITH AN RCS LOAN
Another great way to empower your mom is to invest in one of her passions that could also help her generate an income. If she enjoys baking, gift her with this Russell Hobbs Stand Mixer Black (R2 399**, @home). Looking for actual capital to invest in her business? You can apply for an RCS Loan from R2 000 up to R250 000 with a competitive 15% interest rate. Apply now and get a decision in moments and cash within 24hrs.
Learn more financial tips here to empower yourself and your loved ones.
*Service and initiation fees apply.
**Prices were correct at time of publication, but are subject to change.