Living beyond your means?

Apr 3, 2012 | Sowetan Report | 1 comments

Take lunch to work. Even though corporate lunches are great for networking, buying lunch at work every day will seriously damage your budget. So avoid it.
Make a shopping list and stick to it. Go shopping when you are in a hurry. It sounds silly but if you have somewhere to be, you are less likely to buy stuff that's not on your list.
Buy in bulk wherever possible and try to buy "no name brands" where possible.
Watch your banking fees. Banks are charging exorbitant fees so avoid withdrawing from other banks' ATMs whenever possible.
Avoid buying a new car. And never lease one! Look for something that has a low mileage and full service history.

You can save a lot of money like that. On that note, remember to keep your car serviced and in good shape.

This will ensure that your car lasts for many years, and if and when you decide to sell one day, you might get a good price for your car.

Avoid impulse buying. Things tend to seem less important if you wait a day or two before you buy. This also affords you the time to do some comparative shopping.
Bottle your own water. Bottled water is very expensive, so buy a bottle and take your own to work or the gym. If you don't like tap water, invest in a water filtersystem.
Price check everything, especially electronics. Compare prices online and shop around for a good deal.

Not only will it save you some money but chances are that the latest gadget might have bugs in the software. So never buy version 1.0 of anything.

Watch your electricity consumption. In SA we are encouraged to switch off appliances and the lights andTV when we are not watching or we leave a room. Electricity is becoming more expensive everyday. So you need to watch it!
Finally, avoid lavish, high-roller friends. Friends that buy new cars all the time and have all the latest TVs, eat out at expensive restaurants all the time and live beyond their means are not good for your esteem. Chances are, you will feel unhappy and discontent in your own life and that will derail your quest to overcome debt.

Start saving today for tomorrow! - savingmoney.co.za

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Apr 4, 2012

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