Rami Chuene shares her biggest financial mistake and her money advice

accreditation
0:00
play article
Subscribers can listen to this article
Actress and author, Rami Chuene. Image: Supplied/Mlungisi Mlungwana
Actress and author, Rami Chuene. Image: Supplied/Mlungisi Mlungwana

We most recently saw actress and author Rami Chuene portray the hilarious character of Aunt Grace on Netflix’s 3-part series How To Ruin Christmas: The Wedding. With 1-million followers on Instagram, and close to 800k followers on Twitter, she is easily one of the country's most loved media personalities, and is known to speak up about the injustices cast and crew members often face at work.

The COVID-19 pandemic has had a significant impact on freelancers, so we had a quick chat with Rami - who is technically a freelancer herself - to find out how she manages her money, her biggest financial mistake and the best money advice she's ever received. 

The impact of debt

Rami says that the biggest financial mistake she’s ever made was getting into a lot of debt. 

“After being ‘bankrupt’ twice, [I realised that it] meant the kind of lifestyle I was living didn’t match my pocket,” she says. 

“Having to confront and accept that helped me rebuild and successfully get out of that trap. I have learnt that debt - when used well - can work for you. But if you’re careless, you will suffer while paying through your nose.” 

The best money advice she says she’s received is also on the topic of debt: “If you can’t buy it without credit, you can’t afford it.” 

I have learnt that debt - when used well - can work for you. But if you’re careless, you will suffer while paying through your nose

She adds that this is something that usually applies to everyday spending as ‘most of our debt is caused by small indulgences’. 

“When it comes to property and movable assets, if you can’t pay the instalment twice, chances are that you’re going to find yourself drowning in debt,” she says. 

“It may sound harsh and not everyone can do that, especially in my line of work - I still struggle with it - but it has helped me to just be aware of unnecessary spending.” 

Being a freelancer 

More than anything, Rami says that being a freelancer has taught her to stretch her money as far as possible. 

READ MORE | How to cope with money anxiety

“The instability that came with COVID-19 [also] means that we have to be wiser with our finances,” she says. 

“It is a struggle, but one makes do with what they have to still get by and have a fulfilling life.” 

Rami's money advice to you

“Saving starts with the little you can afford to put away,” she advises. “Avoid getting into unnecessary debt. Just because you qualify for a loan, doesn’t mean that you have to take it. I am all for progress and growth, but being honest with your financial situation will help you avoid paying lots of interest.” 


We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24