6 7You can reduce your fuel costs by making sure your vehicle is serviced regularly. If the engine has to work harder to compensate for parts that are not working at their optimum, this causes a fuel drag and increases your costs. You can also improve your driving habits: maintain a steady speed instead of accelerating and then sharply braking; drive with all the windows wound up; and use the air conditioner only when absolutely necessary.
8Budget for food price hikes. Mohr notes that food prices are likely to rise due to the weak rand and the drought. “Wheat and maize prices will probably rise the most, so consumers should budget for double-digit increases in such food prices – bread and mealiemeal.”
9Cut medical costs. Use generic medicines wherever possible. You can cut the amount you spend on medicines, especially chronic medication, by as much as 30% by choosing generic medicines. Some medical schemes make it compulsory to use a generic if it is available on the market, but check with your doctor first. Be mindful of the cost of running a vehicle. Bear in mind that a vehicle with more affordable and easily available parts will be less expensive to insure. If the car is not manufactured locally, parts will have to be imported, which increases your costs. The Kinsey Report is a good gauge of parts prices for different vehicle brands and is available on the AA’s website: aa.co.za/on-theroad/reports/kinsey-report.html