A credit card is a terrible evil if you can’t control it.— Warren Ingram, Galileo Capital Financial Advisor
Don’t go grocery shopping when you’re hungry!— Warren Ingram, Galileo Capital Financial Advisor
Do you have a spending habit that’s hard to break?
Ingram gave the following five tips to help you reign in your spending:
Use cash when you go shopping.
Credit cards make it easy to overspend. If you only use cash; you can’t spend what you don’t have.
Give yourself a weekly allowance.
Set up your budget. Then determine how much you can spend each week on fun stuff like eating out and draw that cash once a week. If you blow it all in one night; you need to stay home for the rest of the week.
Use a shopping list.
Prepare your shopping list for groceries at home and only buy what is on your list. Don’t buy extras!
Use a cooling off period.
Found a gadget or new clothing item that you “must” have? Take 24 hours before you go back to the shop to buy it.
Let someone else shop for you.
Make use of online shopping or get a friend or family member to shop for you (you can do the same for them). Doing this keeps you from buying on impulse.
Listen to the audio below for more detail.
Ray White (on The Money Show) interviews Standard Bank Incubator Jayshree Naidoo.
All is not well with the economy. We live in crazy times. Here’s how to protect your investments and finances…
The history of General Electric is the history of electric lighting and after 125 years they may be selling it.
The Money Show’s Bruce Whitfield interviews Media Monitoring Africa Head of Policy Thandi Smith.
Somali pirates are back, attacking commercial ships once more, says African Business News correspondent Leslie "Lee" Kasumba.
Renting? Letting? Bruce Whitfield checks out an amazing new platform that connects tenants with property managers.
How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.
The broadened bill will see those who lose their jobs receive money for a longer period when they apply for unemployment benefits.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
Bruce Whitfield interviews Stokvel Association CEO Andile Mazwai about his attitude to money (hopes, fears, successes, failures).
National Student Financial Aid Scheme says it will reopen 2017 loan applications after receiving requests for deadline extension.
Bruce Whitfield interviews a Portfolio Manager about what she believes are the hottest stocks right now.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?