Guiding consumers since 2009

Your tips are great, keep them coming

By Staff Writer
The response to Justmoney.co.za's Financial Facelift competition has been truly overwhelming. It's great to know that your readers like to engage with us.

It is, after all, National Savings month and it gives us all kinds of fuzzy feelings to see that you guys have all these great savings tips up your sleeves - we just hope that you are using them!

We've had some great tips from you guys - here are some examples:

  • Cancel your DSTV (which is more than R600) and your gym subscription (which can be anything from R200 - R400) and set up a debit order for this money to go into a savings account - you are used to not having this money so you won't even notice it. You can go running with a friend instead of gymming and renting movies is a much cheaper option. -
  • Set aside a budget for food and do your grocery shopping on a monthly basis - and buy veggies fresh once a week. Buy pre cut veggies too - this will make sure that you are not tempted into buying any unnecessary items. Don't go grocery shopping on an empty belly - you will buy extra!
  • Once a year, get a new medical aid quote and a new insurance quote from a few different insurers (use sites like Justmoney.co.za to get a couple of quotes from different providers) - see if anybody can offer you a better deal.
  • Do not go shopping on an empty belly - you will buy more food this way.
  • Fill an empty, cleaned out margerine tub half with water and put it in the freezer. Once frozen, put your credit card inside and fill it with water again. Then freeze it. Your credit card is now safely immune to impulse buys. NB: Do not defrost in a microwave.

Remember that we are looking for innovative tips meaning that we need you to come up with an original idea - do not just copyt the tips that we have already used. 

Keep on sending them in by visiting the Justmoney.co.za competition page and don't forget to tell your friends!


Good luck!

Recent Articles

Featured How are you taxed on your retrenchment package?

Unemployment is one of the biggest problems in South Africa. The emergence of the Covid-19 pandemic has exacerbated the situation with a lot of companies retrenching their employees.  When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for?

Car repossessed – don’t be taken for a ride

When the country is facing an economic downturn, chances are your finances will feel the pinch. This can lead you to make bad financial decisions such as skipping your vehicle payments. But every decision has consequences and if you don’t pay your instalment, the bank will repossess your car. But what can you do when this happens?

 

Why you should consider gap cover

Your medical aid should protect you from incurring large medical bills when you’re sick. But what if your plan doesn’t cover the full cost of your medical expenses? We got in touch with insurance experts to find out whether gap cover is worth having.

Debt relief - What is your bank offering?

Going through a financial crisis is stressful whether it be as a result of losing your job, being short-paid, having to fork out towards an emergency payment, or finding yourself in the midst of a global pandemic. This is especially taxing if you have a debt to service. It is against this backdrop that banks are increasingly offering payment holidays. Justmoney looks at the various debt relief options available to you from the big five banks.

Deals

Premier Hotel and Resorts Special For Senior Citizens

Price: Available on request
When: Daily
Where: Nationwide

The President hotel 10% discount for locals

Price: Available on request
When: Until 31 October 2020
Where: Cape Town

Get 40% off when you book your stay at Colosseum Hotel

Price: Available on request
When: Until 13 December
Where: Cape Town


Latest Guide

Guide to debt rehabilitation solutions