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 Should you save or invest your money?

While saving means putting away cash for future use, investment involves purchasing assets which will yield good returns in the future.

Read more

Retirement annuities compared – pick the one for you

When selecting an RA you must know the type of annuity you are investing in. Retirement annuities are divided into two categories: traditional and new generation annuities.

Read more

Recent tax changes – how do they affect you?

In January this year, various amendments to the Taxation Laws Amendment Bill and the Tax Administration Act were announced. While some changes will benefit you, others could be to your disadvantage. Justmoney looks at how some of the recent changes will impact you.

Read more

Claiming from RAF – should you lawyer up?

A claim against the Road Accident Fund (RAF) can take up to five years before settlement. In trying to secure payment faster, should you appoint a lawyer rather than approaching the RAF directly?

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Save R100 when you buy a tracker at Takealot

Price: R289
When: Daily
Where: Online

Pamper yourself and partner for less at Bakwena Day Spa

Price: From R999
When: Until 31 July
Where: Hartbeespoort

Pay only R35 for the new Nandos Boujee Bowl

Price: R35
When: Daily
Where: Nationwide