Top savings tips

By admin
26 July 2013

Three top savings tips that together, will hopefully make a difference to your wallet

Each week, we’ll bring you 3 top savings tips that together, will hopefully make a difference to your wallet!

  1. Live economically. Don’t buy things you don’t need and don’t try to keep up with friends and neighbours. Everybody’s needs are different. Live according to yours.
  2. Teach your children to save from an early age. They need to know about the household budget. Have them work for their pocket money. Help them learn that making a financial decision is about weighing up the value of one thing against another and choosing which to fore-go in favour of the other.
  3. Shop around before you buy. Compare prices and benefits. Question the value of each purchase as you make it. Ask yourself: will it build my assets, is it just to show off, is it cheaper elsewhere? And don’t ever be afraid to ask questions when you want to know more?

Source: South African Savings Institute

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