Adopt Healthy spending habits Part1

By admin
11 September 2013

It’s easy to spend money on things you don’t need, especially if you’re a woman. It’s only at the end of the month that you realise that you never needed those things in the first place.

Eating out

There’s nothing wrong with spoiling yourself once in a while and going out with a group of friends or family members to enjoy good food in a nice restaurant. But if this becomes a habit, you’re wasting your money.

Tip: Try to eat homecooked meals, as these are more nutritious and affordable. Be creative and invite your friends for dinner at your house, but on condition that they all contribute to the meal.

Buying on impulse

Never waste money on buying things that you don’t need. Learn to set a budget and discipline yourself to not make unplanned purchases.

Tip: If you are going to a shopping mall, make sure that you have a list of what you need and compare prices from different stores. This will help you to stick to your budget and save money.

Branded products

There are a lot of no-name products on the shelves that offer the same good quality as the tried-and-tested brands – and cost less. This is especially true for non-perishable products such as fabric softeners, soap and disinfectants.

Tip: Don’t waste money on well-known brands if the cheaper ones give you the same result.

Cellphone contracts

Having a contract phone can be pricier than using a pay-as-you-go phone. Often, people don’t use all the airtime that is allocated to them every month. With the introduction of communication elements such as whatsapp and BBM, you don’t even have to pay to send an SMS. Also, making calls is not as popular as it used to be, as many people prefer writing text.

Tip:  If you can survive on using pay-as-you-go phone, do so. This will save you a lot of money.