Using your credit card to spend the month? You’re not the only one!

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Here are some tips to help you reduce some costs:

Use your transportation wisely

Make sure all grocery shopping, unnecessary trips around town, and fast driving are done as little as possible.

Read more: How to save money despite rising fuel prices

Try shopping in bulk or online and have it delivered

It’s always wise to shop in bulk so you don’t have to travel to stores all the time.

Less designer clothes and more affordable

It’s not always a good idea to buy the most expensive clothes on the market. However, by buying some nice, stylish clothes at a decent price that won’t cripple your budget.

Read more: Six ways to help guide your money-saving journey this year

According to Africa Melane interview with Carla Oberholzer, a debt counselor at DebtSafe, there are some tips you can follow to lead a better financial life in 2022. (msn)

  • Get an overview of your financial situation. Go through your latest bank statements with a highlighter to find leaked expenses. This will help you identify where you are spending unnecessarily
  • Keep an eye on your income and expenses each month. By working this, you can budget accordingly, so assign a total amount to different categories. So, for example, if you have an extra R1500 after paying all your expenses, you can put R1000 in a savings and use the R500 as petty cash (emergency things you might need in the month) .
  • Make sure you have a financial plan in place. Pin your goals; be sure to see them every day.” (msn)

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