The cost of living in South Africa keeps on rising.
Ingram discussed ways to reduce lifestyle costs:
Get a solar geyser.
Arrange your transport differently (e.g. carpooling, ridesharing, etc.).
Investigate network options within your medical aid.
Cancel the loyalty program on your medical aid.
Review your cellphone contract and stop changing your phone every 18 months.
Shop for groceries differently (e.g. greengrocers and small retailers instead of national chains).
Change the way you watch TV.
- Buy children’s school clothes from a clothing bank.
Cancel your short term insurance (but do shop around for the best deal).
- Stop saving unless you’re retired.
- Increase the share allocation of your investments.
For more detail; 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:
Recommendedby NEWSROOM AI
How to earn a yield of 9% - on average - but up to 13% in your TFSA, according to personal financial advisor Warren Ingram.
Ray White interviews Warren Ingram, a financial adviser at Galileo Capital.
It’s a new year and time for a fresh financial start. Ray White interviews Neil Roets, CEO at Debt Rescue.
Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.
Financial advisor Warren Ingram rubbishes some popular, yet blatantly untrue ideas that are keeping people from growing wealthy.
Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...
The Money Show’s Bruce Whitfield interviews Dr Tobias Bischof-Niemz, CEO at ENERTRAG South Africa.
TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.
Hanru Reyneke is on a mission to disrupt the used-car industry in South Africa by providing peace of mind to punchdrunk consumers.
A listener on the Afternoon Drive has shared his frustrations with a neighbor's noisy generator and the health risks it posed.
Students claim they have not received their NSFAS meal allowances and are forced to borrow from loan sharks to survive.
The Leonardo in Sandton may become the tallest building in Africa.