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THE FINANCIAL WELLNESS COACH: Access bonds can boost emergency savings, but mental discipline is vital

World 1 source 1 country 🔦 Under-reported 45m ago

Access bonds can be utilized to build and boost emergency savings accounts, according to financial wellness guidance. However, the strategy's success relies heavily on the user's mental discipline.

To effectively use an access bond for this purpose, individuals must mentally demarcate the available funds specifically for emergencies, despite the bank treating the money as accessible credit.

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Read the full story at the source Daily Maverick (ZA) · ZA
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