When payday comes around, you feel like you’re on top of the world. You’ve worked hard to earn your money, so why shouldn’t you enjoy spending it?
The good news is that you can, simply by following a few easy guidelines. Here are a few helpful ideas to get you started:
MAKE A PLAN AND STICK TO IT
Financial discipline is very important. The easiest way to keep your spending in line, is to create a monthly budget and sticking to it.
IT PAYS TO SAVE
You need to sit down and take a close look at how much you are earning per month, and what your expenses are.
The amount that you have left over after deducting your expenses from your income should be saved or invested for a rainy day or the future.
MAKE SENSE OF YOUR RANDS AND CENTS
Shop around, look for discounts and be money-wise. There are various “shopper loyalty cards” out there that give you back a small percentage of what you spend. There are also coupons that give you discounts on certain products. Why not use them? Rands and cents make sense.
KEEP YOUR EYES ON THE PRIZE
Keep your eyes on community and national newspapers to find out what specials are running at various retailers. Think about where you buy what you buy, and when the best time to buy it is.
A few more helpful tips include:
- Try not to buy from petrol stations – buy from your local shop to save on costs
- Always put something aside to cover unforeseen expenses – life happens and you should always be prepared
- Every cent grows into a Rand, so keep on saving whatever you can.