MyMoney Online, The Personal Finance series with Warren Ingram

13 tips for saving hundreds (nay, thousands!) of rands each month

Money is too tight to mention in Mzansi right now. Photo credit: www.pexels.com (2018)

--

Fuel prices are skyrocketing.

Economists expect food inflation to accelerate.

Eskom is attempting to hike electricity tariffs by 50% over the next four years.

The economy is toast.

The Money Show’s Bruce Whitfield interviewed Galileo Capital’s personal finance expert Warren Ingram.

Ingram gave the following tips for making ends meet:

  • Make your coffee at home.

  • Don’t order drinks at restaurants, just ask for tap water.

  • Buy your goods in bulk. Make a list of the consumable items that you and your family use the most. Compare prices at your supermarket to what you would pay for the same items in bulk (e.g. toilet paper, toothpaste, soap, etc.)

  • Cancel your TV subscription and switch to a streaming service.

  • Listen to the radio – it’s free!

  • Review your insurance – don’t cancel your insurance but you should ensure that you are getting the best deal possible. It pays to shop around.

  • Buy your vegetables direct – shopping for veggies directly from a farmer or green grocer can often be much cheaper.

  • Stay out of the shopping malls as a form of entertainment – rather go outdoors, plan walks or do events at home with friends where everyone brings their own drinks and a dish to share.

  • Cancel memberships – if you are not going to gym, why are you still paying for it?

  • Make food at home and freeze it for meals at work.

  • Eat more veggies and less meat.

  • Consider a solar geyser or at least buy a geyser blanket (R200 can save you thousands in electricity over time).

  • Review your expenses – go through your last three months of bank statements to see what silly expenses you have that can be cut.

For more detail (and more suggestions); listen to the interview in the audio below.

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our mailing list

* indicates required

Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Venezuela inflation rate expected to top 1 000 000% by year-end

Venezuela inflation rate expected to top 1 000 000% by year-end

Venezuela – once as rich as Norway – is suffering an apocalyptic collapse without precedent.

What is a hedge fund?

What is a hedge fund?

The Money Show’s Bruce Whitfield interviews Fairtree Capital Portfolio Manager Jean-Pierre Verster.

100-year-old Truworths reports fewer sales and a 7.3% decline in earnings

100-year-old Truworths reports fewer sales and a 7.3% decline in earnings

The Money Show’s Bruce Whitfield interviews Truworths CEO, Michael Mark.

We have made progress in delivering on our promises to Marikana – Lonmin CEO

We have made progress in delivering on our promises to Marikana – Lonmin CEO

The Money Show’s Bruce Whitfield interviews Lonmin CEO Ben Magara.

4 tips for safely investing right now when everything is so hectic

4 tips for safely investing right now when everything is so hectic

Bruce Whitfield asks Personal Financial Advisor Warren Ingram for advice on how investors can safely navigate this hectic time.

Solutionist Thinking: In Conversation with Stacey Brewer

Solutionist Thinking: In Conversation with Stacey Brewer

A school with individual learning paths for each child, and no need for textbooks? SPARK Schools CEO Stacey Brewer joins Bruce Whitfield.

Popular articles
 In the market for a 2nd hand car? Here are some tips to buy it on a budget!

In the market for a 2nd hand car? Here are some tips to buy it on a budget!

In the car feature, our very own car guy Tumelo Maketekete shares some tips and tricks to buying a car on a R100 000 budget.

Vigilante mob attacks alleged criminals in Daveyton

Vigilante mob attacks alleged criminals in Daveyton

Tensions are rife in the East Joburg township as the community attacked and killed criminals.

[Listen] Lottery responds to Tshepo's fraud claims

[Listen] Lottery responds to Tshepo's fraud claims

Philemon Letwaba says Tshepo's case relates to some of the issues that they are dealing with on a daily basis.

'Black Tax'... working hard, earning well, but struggling financially

'Black Tax'... working hard, earning well, but struggling financially

Young(ish) South Africans tell stories of the mixed emotions they feel when supporting family members, and tips from an advisor.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.