Do not spend all your money during the festive season.
That is the advice from the Capital Markets Development Authority to members of the public saying that it is important to save and invest surplus funds arising from the bonuses, merit payments and other pay increases which are usually paid towards the end of the year.
CMDA Chief Executive, Mereia Volavola said while the people enjoy their shopping for Christmas, it is always good to set aside funds for saving rather than using it all.
Volavola said that one does not need to accumulate funds up to $1000 but you can start of with $140.00 to buy units, shares or bonds as a form of gift to family members.
Volavola adds when you invest, you will benefit by getting back a dividend and capital gains.
Do not spend all in festive season-CMDA
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