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Minister of Cooperative Governance and Traditional Affairs Des Van Rooyen. Picture Credit: Gallo Images
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Life's small pleasures will drain your pocket

By unknown | Aug 27, 2007 | COMMENTS [ 0 ]

Maryanne Maina

Maryanne Maina

It's easy to fritter away money on daily expenses. If you're a typical South African spending more than you earn, you may be digging yourself deeper into debt with these common money drains.

l Coffee - At about R10 a cup including the tip, even one coffee break a working day adds up to about R2600 a year.

l Cigarettes - Quitting is good for your pocket as well as your lungs. Assuming R20 for a pack of 20, pack-a-day smokers can save up to R7300 a year.

l Alcohol - Drink prices vary based on the type of drink and the location. Assuming about R15 for a beer including the tip, averaging two beers a day at the local pub runs up a R10860 yearly tab.

l Bottled water - Buying a 500ml bottle of water costs about R5. Tap water is cheaper.

l Manicures - At about R120, a manicure a week sets you back R6240 a year.

l Car washes - A basic car wash costs about R30. Cleaning your own car once a week could save you R1560 a year.

l Weekday lunches out - By packing your own lunch, you can save about R25 every work day.

l Vending machine snacks - Cutting out those packets of chips and chocolates is good for weight loss and finances.

l Interest charges - Pay your credit card in full by the due date every month.

l Unused memberships - the monthly service fee at the gym costs an average of R300 monthly. Unused gym membership in a year can total R3600.


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