By Zuko Komisa
Travelling with your group of friends to new a destination every year is a fantasy many wish for. Sadly, you can’t travel if you don’t have money and you can’t have travel money if you don’t save. Don’t be that friend who is left behind as others explore the world
With all the travels we all missed in 2020, due to COVID 19, there’s never a better time to start saving for future travels. Saving makes traveling easier and a travel stokvel is the best way to start putting money away.
A travel stokvel is very much like the traditional stokvel, except you and your like-minded friends are coming together to save up for a dream holiday. The truth is black people have been saving for years. It’s no coincidence that R5bn is invested in an estimated 800 000 stokvels in South Africa with nearly half of black South Africans belonging to a stokvel. It’s been dubbed a major investment vehicle, designed for both short and long-term saving.
So, which destination is on your mind? What adventure are you longing for? The possibilities are infinite. Starting a travel stokvel is a way to go.
Reasons why Stokvels are so popular and work
- Stokvels makes saving easier, with positive encouragement from peers driving you to your goals.
- A community pooling together resources makes you earn higher interest in banks, compared to what you’d earn if you were saving alone.
- They build a sense of community and socialising.
- Saving for a specific goal makes it easier to plan your finances.
The trick with starting and managing a successful stokvel is to get the right members, find people who you trust who won’t disappear after receiving a payout, people who will comply with the agreed rules of the stokvel.
Start a travel stokvel in 2021 and reap the rewards sipping a cocktail in an exotic location with your friends and family in the near future.