SOWETAN compiled an average monthly budget for a family of four, with a net income of R10000 a month.

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.