Three ways to spend less

By Staff Writer
There was new data released by Stats SA last week that looked at wholesale and retail trade conditions. Wholesale is the volume of goods being sold into the shops, the retailers. If consumers spend less then the shops don't expect to retail as much and don't order as much wholesale.The one follows the other, so now interest rate cuts have been called for to stimulate spending. What can you do if even the shopkeepers are worried?

 

  • Plan your budget and stick to it
  • Spend only what you can afford
  • Check if you have the best interest rate

 

While we wait for interest rate cuts to come you can compare your credit card with all the others on Justmoney to see if it is the best value for the way you spend.


The Dispatch looked at some of these figures and quoted an economist saying that a cut in the interest rate would help bring spending up to its more usual levels. Apparently 'A tighter credit environment, job losses and consumer debt have weighed down on spending patterns'.

Fin24 also looked at how the downturn is affecting our everyday lives as we spend less, eat less and splash out less. Searching around for the best deal has become the new way to shop and the article noted that we are being much more price sensitive and buying many more store brands than before. We are also going to the shops more often but we aren't getting the cash out as readily as this time last year.

 

Recent Articles

Featured Rating agencies may come knocking

It is only the middle of February, but the rand has already made two big moves. The first was the rand moving from R14.60 to R 13.20 at the beginning of the year, as emerging markets (EM) became fashionable again. The second was where the rand gave away nearly 90 cents in 2 weeks as the EM rally ran out of steam, and local events started to hit the headlines.

Read more

The cost of sending money home to neighbouring countries

Transferring money home within the Southern African Development Community (SADC) provides vital financial support for many households in neighbouring countries.

Read more

Student bank accounts: Which come out on top?

Being a student signals budgeting and not having a lot of money at your disposal. This means streamlining expenses such as your grocery costs and entertainment budget. But what if your bank account is in fact costing you more than you can afford?

Read more

Can you afford an ambulance in South Africa?

When a loved one is straddling the line between life and death, you won’t hesitate to call an ambulance. This week, Justmoney found out how much an ambulance ride costs in South Africa, whether you can refuse to get into an ambulance, and who pays the bill if you’re unconscious. 

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

President Hotel Easter Special

Price: From R1,500
When: 15 March to 30 April
Where: Cape Town

Kulula-Preskil Island Resort Special

Price: R16,999
When: 11 May -14 September
Where: Mauritius

A Touch Of Madness Tuck In Tuesday Special

Price: R70
When: Tuesdays
Where: Cape Town