Guiding consumers since 2009

Did you overspend this past festive season?

By Staff Writer
Earlier this year, many thought that South Africans were going to encounter financial hardship due to over expenditure the past festive season. However, Justmoney's January poll suggests otherwise with more than 40% of its polled users stating that they had resisted the urge to splurge this festive season because of tough economic times.

When asked the question "Did you overspend this festive season?" 43% of respondents replied with a recession busting "No, times are tough". While this information may come as a shock to many, it is news that hopefully transcended past opinion and resolution, and was put into practise by most ordinary South Africans.

"Hopefully, people have been as frugal with the festive season spending as this poll suggests they have been, but unfortunately our application stats for January may actually point to the opposite. We usually see a spiked interest for personal loans and short term credit over the January period, and last month was no exception" says Andy Gilder, General Manager of the site.

When asked the question "Did you overspend this festive season?" Justmoney users were fairly evenly split, although the majority pointed towards a well managed financial situation over the festive season.

The full results of the poll read as follows:

43% - No, times are tough
33% - Yes, but not as much as last year
24% - Of Course!

"We hope that those South Africans that did spend a little extra this Christmas have started the year by drawing up a budget and are planning to make amends for the monetary over-indulgence of the festive and holiday season - setting out a budget and sticking to it is the first thing every South African household should do in 2010."

Recent Articles

Featured New homeowner? Be aware of these extra expenses

You’ve overcome all the hurdles of buying a home. You’ve managed to pay your deposit and your closing payments, and now you’re a proud title deed holder. However, there are other expenses waiting around the corner. Are you prepared?

Your biggest credit conundrums – answered

Understanding your credit health is one of the most important factors in managing your finances. This is because it gives you insight into your debt, your borrowing ability, and your financial history. While many understand this, there are still many questions on how to do just that.

Avoid debt collectors, choose debt counselling

There are two things you can do when you are struggling to pay your debt. You can either let your creditors hand your debt over to debt collectors – or you can let debt counsellors help you deal with your debt.

Retail notes: easy investment option for new investors

Being a newbie in the world of investing can be challenging because you don’t know where and how to invest. With so many investment options, you could easily be befuddled. Justmoney looks at how retail notes can help you cut your teeth in the world of investing.   

Deals

Spur's South African Combo Special

Price: R80
When: Mondays
Where: Nationwide

Translux Student Discount

Price: Depends on destination
When: Daily
Where: Nationwide

Zimbali Senior Citizens Discount

Price: From R1342.00
When: Until 14 December 2019
Where: KwaZulu Natal