things that kills your wallet

The three things that kills your wallet

According to the most recent StatsSA Living Conditions Survey, the three major costs weighing on South Africans’ budgets are housing and utilities (32.6%), transport (16.3%) as well as food and non-alcoholic beverages (12.9%). Together, these three costs account for 61.8% of all household expenditure. Here are a few simple tips on how to cut back on your living expenses, and …

Reasons why you might be struggling to save

Reasons why you might be struggling to save

We all know that it is essential to save money in order to achieve optimal financial wellness, however, there are many reasons why saving on a regular basis is not always possible. Here are a few reasons why you could be struggling to save and ways to overcome these challenges going forward: 1. You did not manage your finances responsibly …

National Savings Month

National Savings Month

July was National Savings Month and as such, there is no better time to have a look at your saving habits and see how you can save more. National Savings Month is an initiative that was started in 2001 by non-profit organisation South African Savings Institute (SASI). The annual campaign aims to raise awareness of fiscal planning and saving, as …

Five ways to stick to a savings plan

Five ways to stick to a savings plan

July is Savings Month, here are five saving strategies to kick it off with; 1. Save Automatically Save automatically through a monthly transfer from cheque to savings ideally soon after you are paid. What you do not see, you probably will not miss. These savings can provide funds for emergencies, a home purchase deposit, school tuition or even retirement. Almost …