Penny Pincher Financial Archetype | Nedbank Money Secrets
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financial wellness content recommended for the penny pincher

Emotional Blind Spot

Most Penny-pinchers have experienced extreme poverty or financial loss at some point in their lives, and the idea of spending their money frivolously or of not adding to their wealth is completely unimaginable to them. This could lead to them missing out on experiencing the life they envisioned for themselves.

Money Blind Spot

The Penny-pincher’s extreme hesitancy to part with their money may cause them to second-guess every move. From missing out on a great sale item to being so risk-averse that they miss big investment opportunities and living a full, rewarding life.

Positive Actions

Identifying the time in their life when fear and desperation were triggered around money could help the Penny-pincher to see how they are caught in a kind of emotional time capsule, despite the fact that their financial situation is now vastly different. However, there are times when the compulsivity and fear can be so deep seated that professional help is needed.

Positive Money Secrets

The Penny-pincher could take a deep look at all the things they secretly want to have, own or experience. By writing these things down, they can create a budget and a plan to achieve them, so that they can avoid missing out on all that life has to offer in a way that aligns with their need to be in control of their money.

Recommended solutions from Nedbank.

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Unlocked.Me and Nedbank 4Me

As a Penny-pincher, you squeeze your money for all it’s worth. That’s why you need an account that helps you make the most of life – on a budget. With an Unlocked.Me or Nedbank 4Me Account, you get unlimited card swipes, free access to Nedbank self-service channels, and reduced transaction fees.

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Student loans

Just because you’re always in cost-saving mode doesn’t mean you don’t have dreams and aspirations. A Nedbank Student Loan could be a smart move to help you on your path to greatness. From flexible repayment options and great interest rates to starting repayment only once your studies are done and dusted.

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Nedbank Bursary Fund and Graduate Development Programme

Young, talented, and cash-conscious? That shouldn’t hold you back. Nedbank believes in people who believe in themselves, which is why you could qualify for a Nedbank bursary to further your studies. Nedbank is also in the business of developing our future leaders through the Nedbank Graduate Development Programme.

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Second-hand Vehicle Loans

New is not always better, especially when you’re on a budget. A second-hand vehicle loan could be the right thing for you. Nedbank finances vehicles up to 20 years old between the value of R40 000 and R250 000 at accredited dealers.

Download Nedbank Money App

Download Nedbank Money App

A secure and convenient way to manage your money on the go. Now you can bank anytime, anywhere. Discover a new way to visualise and use your money.

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