Why self-control is key when planning for retirement

Self-control as one of the virtues of financial discipline is a difficult trait to cultivate particularly because money is involved. [iStockphoto]

For many salaried individuals, there is always that anxiety that hits you whenever your pay does not hit the account on time. The reasons for salary delays vary- it maybe a public holiday so banks are not working, new protocol introduced in your bank or just a financial planning hitch with your employer which leads to money delaying to hit your account by a day or two.

During this period, it is common to keep checking your account through USSD codes, ATM stops or internet banking to find out if your account has been credited.