Guiding consumers since 2009

Households spending less

By Staff Writer

Households curb spending as times stay tough

From Busrep.co.za
By Ethel Hazelhurst


Faced with rising debt costs and higher food and fuel prices, households are cutting back on spending.

They bought furniture, household furnishings and domestic appliances in the first quarter, but were reluctant to spend on motor vehicles and big-ticket recreational and entertainment goods, according to the Reserve Bank quarterly bulletin, released yesterday.

Justmoney.co.za says:

Consumers are paying attention to the rise in interest rates. Now is the time to consolidate debt and seek debt management if necessary. If you want to buy a car, make certain you have the best car finance. Compare insurance to get more value for your money.

Recent Articles

Featured Are you entitled to your spouse’s pension after divorce?

Divorce means more than just parting ways with your partner. It may also involve parting ways with your assets. The Divorce Act states that your retirement fund forms part of your assets. This means that it will be considered when dividing up your assets.

Retrenched – what payments are you entitled to?

In the current struggling economic climate, retrenchments are a regular occurrence and not everyone survives the cut. If you find yourself on the receiving end of retrenchment you may have questions about the payments that are due to you.

Do you want to settle your debt?

You may be considering settling your credit account, whether it’s a credit card or various store accounts, now may be as good a time as any. This especially if you have saved, or you received a tax return or salary bonus. 

Can you afford a personal loan?

Taking out new debt is not always a choice. However, if you’re not pressed by a medical emergency or an unforeseen disaster, it’s worthwhile considering whether you can actually afford it. But what does it mean to “be able to afford a personal loan”? What percentage of your income should you not exceed dedicating to it? 

Deals

Eat for less on Tuesdays at Panarotti’s

Price: R59.99
When: Tuesdays
Where: Nationwide

Get discounts with Clicks ClubCard Seniors Programme

Price: Available on request
When: Daily
Where: Nationwide

Amani Spa Voucher Special

Price: R1000
When: Daily
Where: Cape Town, Jhb, and Port Elizabeth