Make time for your finances this festive season (Part 2)

by | Dec 9, 2021 | Personal Finance

Scale down

  • Cancel subscriptions to apps you don’t need.
  • Cancel duplicate insurances, especially those offered as a side product.
  • Switch to  cheaper packages (eg; DSTV)
  • Check out the terms and conditions and cancellation clauses and penalties applicable.
  • Get comparative quotes on medical aids, insurance etc . This could save you quite a bit of money.
  • A roof over your head is a necessity. Paying rent in an area you can’t afford isn’t. Considering relocating to a cheaper location. Sometimes, just a few blocks makes a huge difference in rental prices
  • You need transport to get around. But do you really need a big fuel-guzzling car with the price of petrol these days? Consider changing to a vehicle with a lower fuel-consumption, especially if you are working from home


Save money on the way you do things

While it’s not always possible to physically put money under the mattress or in a savings account, we can still “save”.

  • Switch off your geyser during the day. If you save R10 a day on electricity this way – that’s R300 a month that can go towards something else
  • Make food that feeds more people – and where leftovers can be frozen. Soups and bredies (even without meat) go a long way these days.
  • Medicines are costly. Make your own immune system boosters from natural ingredients.
  • Check for specials on cellphone data and airtime deals during this time.


Do your homework and find cheaper food prices

  • Sadly, the price of food  and staple products have increased tremendously over the last year.  Sometimes by as much as 30% on basic items like rice and sugar. By keeping track of “specials” of various grocery stores, you can save at quite a bit of money on your weekly or monthly grocery purchases.


Start an emergency savings fund

  • With many people struggle to even afford the basics these days, saving money might seem a little far-fetched. Yet, if Covid-19 has taught us anything, it is that we need to be prepared for anything.
  • Even if it is a small amount, try and set aside some money on a regular basis. It all adds up.
  • If you set aside just R5 a day, every day for a year – you would have R1 825 to show for it.


The most important bit of advice that I can give today is this:


Don’t try keeping up with the Jones’. There are no more Jones’s!

  • Ask for help and take help when it is offered.
  • Visit financial sites, and become  empowered by gaining as much information around your rights and options as a consumer and a debtor.
  • Remember, it’s OK to be worried and stressed about your finances. Just don’t let it consume you. 


Make the time and the effort this holiday season to get a clear view of your finances. It can only stand you in good stead.

Free Call Back Form

We'll Contact You!
  • Accept terms and conditions?
  • This field is for validation purposes and should be left unchanged.
Facebook Pagelike Widget

Sign Up To Our Monthly Newsletter

Related posts

How to escape the debt trap

How to escape the debt trap

Dealing with overwhelming debt can feel like being stuck on a treadmill of stress and constant struggle without any way out. It starts out as a small credit card payment here, a car finance there, a store credit purchase once or twice, and eventually the bond purchase...

Is debt ever a good thing?

Is debt ever a good thing?

Whether it be for education, a house, a new car, or to cover an unexpected excess amount to your insurance when you damage that car, most of us will at some point in our lives need to acquire debt. The problem is, while debt might start out as a necessity, due to the...

Youth unemployed

Youth unemployed

Sitting at a staggering 35.3%, unemployment in South Africa, according to Stats SA, is the highest it has been since the start of the Quarterly Labour Force Survey in 2008. Youth unemployment carries the bulk of the burden with unemployment rate amongst those aged 15...


Need help getting rid of your debt?

We'll Contact You!

  • Accept terms and conditions?

  • This field is for validation purposes and should be left unchanged.