MONTH

CityPress - - Business -

In­for­ma­tion and knowl­edge are power. I read a lot about money-sav­ing tips to em­power my­self. My money-sav­ing tips are ba­sic things I have read from many City Press ar­ti­cles such as sav­ing money on bank charges, in­sur­ance poli­cies, cell­phone con­tracts. How­ever, I have the de­ter­mi­na­tion and a strong will to im­ple­ment them and make them work in my favour. For ex­am­ple, I save R2 000 a month just by tak­ing a lunch box to work to avoid buy­ing un­healthy take­aways. My friends laugh at me for this but I don’t care. I also saved R250 when I moved my DStv sub­scrip­tion from R350 to R99. Ev­ery cent counts. I save as much as I can and in­vest in in­come-gen­er­at­ing as­sets. I also try to live a sim­ple life and do away with lux­u­ries. We won’t go on a hol­i­day un­til the per­sonal loan has been paid off. For me it’s a fi­nan­cial sin to spend R25 000 on a hol­i­day while I owe R230 000 in per­sonal loans with very high in­ter­est. The other strong driv­ing force is my fear of los­ing my job with ab­so­lutely noth­ing to fall back on and then los­ing my house and ev­ery­thing else. Los­ing a job in to­day’s econ­omy can eas­ily be­come a hard re­al­ity so you have to face it head-on.

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