SOWETAN compiled an average monthly budget for a family of four, with a net income of R10000 a month.
But, it is obvious that the family is spending more money than they earn so some useful tips for saving money are also included.
Food - R1000:
Plan your meals, and try to shop weekly. Compare prices in supermarkets.
Snacks at work - R200:
Preparing packed lunches at home instead of buying snacks at work could be a healthier and more economic solution.
Transport - R1000
Bond - R2500
Books - R500:
Joining a local library is great for getting your hands on a wide selection of books, and it's cheap too.
Clothes - R1000:
Try to go for clothes that are timeless and will remain in your wardrobe for years.
Entertainment (movies and eating out) - R500:
Instead of spending lots of money on entertainment, you can take pleasure in simple things like going for a walk with your family or watching a DVD at home.
Water and Electricity - R700:
Start switching off lights when you leave a room and turning off all electrical appliances saves energy too.
School fees - R800
Life Insurance - R600
Funeral Cover - R390
Endowment policy - R1000
Cellphone contract - R700
Telephone bill - R250
Domestic worker's salary - R1100.