Have your cake... but make it at home!

By Staff Writer

 

Have your cake... but make it at home!

Luke Hirst from Debtbusters says cutting your monthly grocery bill could be your first step to financial freedom. See how to do it here

 

Most households in South Africa spend an absolute fortune on food every month. However eating for less is actually the easiest way to cut your budget and save some extra cash.

Luke Hirst MD of DebtBusters says,"When facing debt it is essential to attempt everything possible to cut your expenses. All it takes to cut down on your monthly food bills is time, effort and planning. The majority of people would be surprised as to how much they will end up saving."

Here are some valuable tips from the experts at DebtBusters:

1. Plan out your meals for the following week or two according to your budget. Go to the supermarket with a list of exactly what you'll need and buy no extras.

2. Minimise your shopping trips. The more you go to the shops the more you will spend.

3. When you make a meal double the recipe and keep half in the freezer. When you have a long day at work or are feeling exhausted you may be tempted to order take aways, this way you will have a meal waiting for you.

4.Shop around. Look out for specials and discounts and compare which shops are cheaper on certain items.

5. Purchase no name brands. The product you buy will be exactly the same quality but you won't be paying for elaborate branding and packaging.

6. Stay away from pre-prepared foods and convenience items, you pay more for them.

7. If you drink regularly, drink less and buy less expensive wines and hard liquor.

8. When practical, buy in bulk. Visit local warehouse and discount shops whenever possible. Don't buy perishable items in bulk unless you are sure that they will be used.

9. Instead of buying lunch at work every day, or giving your children money for school lunches, pack lunches for you and your family. If you don't have time in the morning do this at night, and get your family to help!

10. Wake up 5 min earlier and make your own morning coffee at home instead of buying it on the way to work.

11. Eliminate fizzy drinks and junk food from your diet. These items are more expensive than the more healthy food available.

12. Go out for dinner on special occasions only, and remember with a little bit of effort you can make dining at home a special occasion.

13. Celebrate with a picnic rather than a dinner at a restaurant.

14. For a night in with a range of DVDs, pop your own popcorn. The old fashioned home-made popcorn tastes better and is a whole lot cheaper than the pre-popped variety.

15. If your family goes out for the day, or if you're driving to your holiday destination, pack your lunch instead of stopping at a restaurant.

Recent Articles

Featured Are you ready to just tap and go when you pay?

The integration of the tap and go system has revolutionised the way consumers make payments. Instead of having to insert or swipe your card, you are now able to simply tap and have the payment registered almost instantaneously. But how safe is this?

Read more

Debt consolidation – Explained

Dealing with debt can be daunting. If you’re struggling to keep track of which store account to pay next and weighing up which credit card is more important to settle first, you may have considered debt consolation. At Justmoney, we’ve decided to get down to the basics and explain what this entails and what impact you can anticipate on your credit score.  

Read more

3 Vehicle financing options compared – which is cheaper?

Buying a car is a considered a milestone, both in life and financially. Unless you’re able to fork out the cash, many opt for financing. But often the excitement to drive it off the showroom floor overshadows the need to check if you’re choosing the most-suited option. To help you make the best-informed decision we compare available vehicle financing structures in South Africa.

Read more

Splitwise: Split the bill not the friendship

Collecting your friends’ debt to you can be draining. You don’t want to ruin your friendship with them, and it can also be extremely awkward. I don’t know how many times I have written, deleted, and rephrased texts, reminding people to pay what is due to me.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Save with 10X investments

Price: Free
When: Until 30 June
Where: Online

Sanlam Cumulus Investment Plan Limited Offer

Price: From R2,500
When: Limited Period
Where: Nationwide

Roman's Pizza Special-Single Large Pizza

Price: R69.90
When: Until 31 July
Where: Nationwide