Best tips for saving

By Drum Digital
10 August 2013

Every week we give you three of our best saving tips.

Limit your expenses this way:

  1. You must know what’s what with your financial affairs: how much money you have, how much you owe, what deductions you have and so forth. If you don’t know how much money you have you won’t know how much you can save. Get a statement and check each item and transaction carefully.
  2. Don’t spend more than you earn. If you use your savings or credit card for the things your heart desires you’re spending money you don’t really have.
  3. Don’t buy things you don’t need. It may sound silly but think for a moment; if you buy those shoes just because they’re on sale and you don’t really need them you’re wasting your money.

-Elna van der Merwe

Information provided by Aneesa Razack of FNB

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