Episode 04: Save With a Purpose | Goal-Oriented Saving - A conversation with Melody Barth

Everyone says they want to save. Far fewer actually do it consistently. So what's the gap?In Episode 04 of YO!Preneur Podcast, our host, Mbakumua Tjaveondja, sits down with Melody Barth, Financial Advisor at SanlamAllianz in Affluent Markets, to unpack how to move from vague, sporadic saving to intentional saving tied to real life goals.With over 14 years of experience in the financial services industry, Melody breaks down SMART goals, the right savings vehicles for short, medium, and long-term goals, stokvels, emergency funds, and whether to clear debt or save first.In this episode, we cover:Why saving feels like sacrifice, and how to reframe it.Setting SMART goals using examples young Namibians can relate to.Saving across different time horizons, all at once or one at a time.Why your current account isn't a savings vehicle.Savings options for big goals like cars and houses.Stokvels: what makes them successful, and the risks to know.The emergency fund as your first savings priority, and how much to build.Debt vs. savings, and the correct order.Three simple steps to start saving with purpose this week."Saving is not about punishment. It's about direction," says Mbakumua Tjaveondja.This episode is part of our five-part financial literacy series in partnership with SanlamAllianz, designed to make money conversations accessible, relevant, and empowering for young Namibians through our YO!Preneur Podcast, your launchpad to success.🎧 Also available on YouTube.Follow us on social media: TikTok | Instagram | Facebook | X: @BeFreeStu8io