12 days ago
If you want to make money you have to be careful.  ~ 

THIS National Savings Month, Sanlam has challenged Mzansi to live a more frugal life. This is more than just cutting out going to see films – it’s about changing your behaviour to create good habits that empower you to foster financial well being.

Andre Wentzel, solutions manager at Sanlam, said they have compiled a 31-day frugal challenge to inspire Mzansi to get serious about saving.

“The idea is to complete a series of small, daily savings goals that together help entrench good financial habits and a more frugal mindset,” he said.

He said while times are tough, it’s never too late to save.

“If you’re feeling overwhelmed by money matters, this challenge is a fun way to get back on track. Additionally, I always suggest speaking to a financial adviser as the best starting point when finances start becoming stressful.”

Wentzel says these are some of the top challenges you can anticipate.

1 Carpool - It’s been said time and again, but few of us have actually got around to consistently carpooling with colleagues. Now’s a great time to gather a carpool crew and share the costs of fuel.

2 Say goodbye to expensive bank charge. Check what you’re paying in monthly bank fees and investigate whether you are on the right account option.

3 Get smart with your geyser: Geysers use an astonishing amount of electricity each month. So lower the thermostat on your geyser to cut down on costs (*no lower than 60 degrees for health reasons).

4 Have a “clothes swapping” party: gather together friends or colleagues and arrange to have a clothes swap. The rule is you can only take someone else’s clothes if you contribute two or three of your own good quality items.

5 Stage a garage sale: Watch a Feng Shui video on de-cluttering on YouTube and have a mini garage sale.

6 Negotiate cash discounts: never be afraid to negotiate.

7 Eat in: have “One Favourite Dish” potluck meals with loved ones.

8 Join a loyalty programme: loyalty programmes can sometimes save you considerable sums.

9 If it’s broken, fix it. We often just throw things out when they break, because of the effort and time involved in fixing them. Next time try to fix something.

Comment on this story
Add your comment
Comment 0 characters remaining

The soccer league or competition I would most love to see covered big time in Daily Sun is ...