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