AMaya Fisher French with Zamo once he’d completed the Money Makeover challenge and decided to put his financial future ahead of a family-pleasing wedding ~When human resources manager Zamo first entered the Absa/City Press Money Makeover competition his main goal was to save for two weddings as the couple’s families live far apart.
Having done a proper budget for the weddings they would be spending R167 000 in total and they questioned whether spending all that money on two weddings just to make their families happy is really worth it. Not only would Zamo be saving on the interest he is currently paying to the bank, but if Zamo saved the R3200 from his flat and invested in a fund that delivered 10% return a year, he would have R250 000 in five years’ time which he could put towards his children’s education.“The ceremonies are not necessary, they are just a nice to have.
Another Money Makeover candidate town planner Mmabatho faced a similar challenge over her marriage last year. Although lobola had been paid in 2011 and the couple had been together for several years, they could never afford the big white wedding their families required.
“We would have had two weddings as my home is 600km away. It was just too expensive, so after our accident I called my mom and said, ‘I can’t afford to have the big wedding, but I need to think about our future’. She spoke to my dad and they agreed to a small ceremony.”
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