Cut your Grocery Bill with these Easy Tips:

Are you searching for a strategy to save additional money every month? You may need to begin with an excellent, detailed review of your grocery spending practices.  Are you exceeding your budget on expensive products don’t  need?  Are you visiting the store without a strategy?  If you are like most individuals, you can most likely answer “yes” to a couple of those.

Fortunately, with some hard work, it is possible to subtract a relatively substantial amount from your monthly grocery bill.  Which suggests you’ll have more funds left over for other, more essential things such as eliminating debt or increasing your emergency fund.

Here are seven ways you can streamline your grocery bill:

Stay Away from Name-brand Items

In many instances, the store brand is equally as valid as any other brand, and you’re essentially paying for presentation. Change out most of your brand-name items with their generic alternatives so you can right away reduce your grocery bill.

Cut your Own Veggies

It’s tempting to choose convenience, particularly when your grocery store’s produce department provides pre-diced bell peppers and onions or plastic tubs of fruit, cut into bite-sized chunks.  But that advantage will cost you.

Plan your Meals

Grocery shopping without having a list is a guaranteed way for you to blow up your food bill. You are most very likely to walk out of the shop with a trolley full of impulse buys that only looked great at the time.  Plan meals ahead for the week, then, check your kitchen pantry to determine which ingredients you already have and put the rest on the list.

Buy Produce In Season

Even though blueberries make for a delightful addition to yoghurt and cereals, and squash might be an uncomplicated side to add to a weeknight meal, they aren’t in season the whole year. Buying produce out of season is considerably more expensive. Determine what produce is in season and purchase consequently. Another option is to buy and freeze.

Be Careful of Sales

Sale prices are fantastic, as long as they, in fact, save you money.  In case it’s not an item you’d usually buy, don’t purchase it simply because it was on sale. Also, don’t buy too much of anything with a brief shelf life. If you have to discard additional untouched rotten sale purchases, you didn’t save anything.

Incorporate Meatless Monday

Meat is unquestionably the most costly part of a meal. In case you are accustomed to providing meat at each dinner, try going meatless just once per week and discover how much you can save.

Plant a Garden

Growing your very own vegetables and or fruit can certainly help you save money at the supermarket. Not only will your veggies and herbs be organic, but they will also be free!

The typical person probably won’t completely embrace all of these strategies at once, I know I certainly wouldn’t. A more rewarding approach is to just opt for a few that seem like they might

9 Tips for Staying Out of Debt

The crucial element to staying debt free is to manage your finances through things like cutting back, budgeting, and saving money. It will require hard work, but it’s possible and doable. You might be blown away by how several small things you can do can assist you in living a debt-free life.

Below are 9 tips to help you stay out of debt:

  1. Budget

A well-planned budget will also help you determine the total amount you can pay every month toward any current consumer debt. Make sure you create a reasonable budget and stick to it.

  1. Cancel DSTV

One step to remaining debt-free is spending less. And one solution for spending less is to decrease your monthly expenses like DSTV. You can use a budget-friendly alternative like Netflix or Showmax to keep up with your favourite TV shows.

  1. Stop Comparing

Try to avoid comparing your life to other people’s lives. Spend less time with so-called pals who look at spending as a competing sport.

  1. Go for the Store Brand

Don’t think that more expensive means better quality. Nearly any product you can buy at the grocery store, from peanut butter to paper towels to pet food, is offered as a less expensive store brand. And in most cases, there’s not a clear distinction.

  1. Raise your Income

Ask for an increase, if you feel comfortable doing that. Or, get a part-time job. If you have a unique talent, like baking, photography, dog training or anything else, you could be capable of making additional money providing your services.

  1. Just say “no”

Staying debt free implies being in charge of your desires to spend money. You might have a difficult time leaving the grocery store without random purchases, or perhaps you’re vulnerable to internet shopping when bored. The next step is to modify your behaviour. Send another person to the store or stick to a grocery list. Unsubscribe from sales emails from your favourite online stores. Do whatever it takes to avoid temptation.

  1. Don’t Upgrade your Phone

Upgrading your phone contract comes with a substantial price tag if you finance it through your mobile phone provider. Keep your phone as long as possible. And when you absolutely have to get a new one, go for a slightly older model

  1. Quit Smoking

I’ll spare you the talk about the ton of health problems linked to smoking. I’m sure you’ve heard all of them previously. However, I will point out that, as well as being unsafe, cigarettes are costly. You do the maths and decide if it is worth your hard earned money.

  1. Sell Some Stuff

Take some time and go through your closets, home or garage and gather up anything that you don’t actually use, but that someone else might want. Use the extra money to pay off debt or add it to your emergency fund.

Being debt-free doesn’t suggest living a life of complete deprivation. What it does mean, though, is learning how to spend money responsibly. Allow yourself a little budget for the occasional treat.

Steps to getting out of debt

Finding yourself in debt not only feels terrible but can be immensely stressful. Debt will prevent you from reaching your financial goals, like saving for retirement or purchasing a home. It’s a creator of stress and grief, ensuring constant worry about your money and the limitations debt has put on your everyday life. Fortunately, debt is not a life long sentence. You can – and definitely should – make paying off your debt your most important task immediately.

Lots of people have a problem with paying off debt because they are unsure of where to start. Which financial obligations to eliminate first? Just how much you should pay every month to start getting rid of debt? Is the minimum payment enough? How long will this process take? Will it be hard? What comforts would you need to give up?

Debt review, also known as debt counselling, is a solution targeted at South African consumers struggling to manage their finances because of being over-indebted. A professional debt counselor will assist you with assessing your outstanding debt and implementing a restructured debt repayment plan. This will be achieved by renegotiating current interest rates with credit providers as well as extending the repayment plan period.

Other steps you can take towards getting out of debt:

Make a conscious decision to stop borrowing money

If you want to get rid of debt fast, you need to stop using debt to finance your way of life. Remove all temptation of making use of your credit cards by locking them in a safe or giving them to someone you trust to hold onto until you’re no longer in debt.

Create a streamline but realistic budget and stick to it.

Creating a budget that tracks your earnings, as well as your expenses, are vital to eliminating debt in a short time. It will help you measure exactly where you stand with your finances and enable you to move ahead toward your ultimate goal.

Utilise all extra money towards your financial obligations

By selling items you no longer use or temporarily getting a part-time job, you can generate extra cash and repay your debt even faster.

It can be greatly stressful to live from paycheck to paycheck and regardless of what kind of debt you’re in it’s vital that you know there is a way out. It might not happen overnight. However, a debt-free future might be yours if you make the decision today, get a plan of action and stick to it.

Call us for a free debt counselling assessment.

We can determine with the information provided if you are over indebted by creating a budget for your living expenses and debt installments. We will then calculate a new repayment amount which would be the amount payable towards all your debt. Now you will be able to budget again and have enough to pay towards your living expenses.

Once you have settled all debt, we issue you with a Clearance Certificate which clears your name on any credit platforms and enables you to apply for any credit should you want to.

How to manage money as a couple

One of the main adding factors to divorce in South Africa is economic distress. Often, couples are put under a lot of pressure having to handle the stress of debt. In other people, disagreements ensue over how available funds ought to be spent. These are not the only reasons for the skyrocketing divorce rate but plays a significant role.

Many divorces could be avoided with one easy strategy: Open the lines of communication. By discussing the household finances, you can make sure that both sides are in agreement. Communication minimises misunderstandings and frustrations, along with the misspending of funds.

There are a couple of ways couples can steer clear of arguments about money:

Discuss personal money values

You and your spouse won’t always see eye-to-eye about spending money. One partner might consider buying Lotto tickets a frivolous expenditure, as the other sees no problem with it. One person might deem 5-star accommodation during holiday essential, while their partner thinks it’s a total waste of money.

Discuss these money values freely and honestly, then compromise. With regards to holidays, you might agree on luxury accommodation but only annually or for special occasions. It will ensure that both partners are happy with the agreement.

Agree with financial targets together

All couples have dreams and aspirations for his or her existence together. Most generally individuals dream of purchasing a house, retiring quickly and having families. It may be different for everyone, but it’s vital that you sit together and agree on something that will make you both happy.

Choose how to pay the bills

There are a couple of ways to approach this. If incomes are equal or near equal, each partner can contribute the same amount every month. If not, you can each be responsible for individual bills according to your salary. Another alternative is to divide bills, so one partner can pay water and electricity, while the other takes care of the groceries. Whichever way you choose to handle this, ensure that it’s fair and that neither partner feels ripped off.

Draft a budget together

Each partner has to feel in charge of the finances, so prepare a budget together. With some of the most significant money discussions behind you, it ought to be simpler to determine how you can spend funds once all of the bills are taken care off. It could be beneficial to split what’s left, and each partner can spend their portion the way they see fit.

Plan for personal spending

The primary focus should be on the interests of the couple, and not on each person. This can be problematic as each one has their own interests and hobbies. Prepare for this by factoring personal spending into the budget. The easiest option would be for every partner to obtain an agreed upon amount every month, no questions asked. If considered necessary, a rule can be made that any purchases above a specific amount should be discussed beforehand. This provides each partner equal power, in addition to financial freedom.

6 Ways You Can Save Money During Tough Economic Times

So many people are experiencing tough economic circumstances, particularly when facing skyrocketing prices, tight job markets, growing debt and stock exchange roller coasters. Although this is naturally distressing, you will find measures that you could try to safeguard your financial future.

Make sure that you’re expanding current earnings in the best way possible so this enables you to still save an adequate and consistent quantity of your salary towards retirement – of course; this amount reduces during tough times. Listed here are six strategies for saving cash, even during economic turmoil.

  1. Limit journeys to the supermarket

Anytime you walk through those automatic doorways; you’re bombarded with possibilities to have an impulse buy. Instead of exposing yourself to this daily, plan one big trip per week and make sure that you only purchase the items you have budgeted for.

  1. Reduce Non-essentials

Non-essentials often pertain to mobile phones, Internet and healthcare insurance contracts. Try to lessen these wherever possible and look at the exact services you are having to pay for and perhaps aren’t using towards the maximum. Negotiate less expensive options that will still meet your needs, but when it comes to insurance, doesn’t jeopardise your cover?

  1. Safeguard Your Present Job

It’s important to make sure that you’re maximising your possibilities at your current job. This might enable you to get higher earnings in the future through promotions, raises and bonuses. Attempt to remain engaged and passionate, keep a high profile and network whenever possible. Stay up-to-date with the most recent developments, ongoing education and technology related to your field. It will not only assist you in your present job, but it may also make securing the next one much simpler.

  1. Try securing another income

It might mean working two jobs or doing a bit of freelancing (if your current employer allows it). This may mean working harder and more than usual, however, for short bursts it might be the solution to relieve the tougher financial situation. Always be familiar with your limits though, you don’t want to burn yourself out.

  1. Recycle

Recycling doesn’t have to be restricted to glass bottles and tins. You may also recycle clothing, household products, clutter, electrical gear and much more. One man’s rubbish is another man’s treasure. Before you decide to throw unwanted goods into the bin, advertise them online to make extra money.

  1. Delay Indulgence

If you feel you “need” something, wait one or two weeks before purchasing to ensure you are not making an impulsive decision. This will also allow you to look around for the same item at a lower price. It’s vital that you recognise which purchases are crucial and which ones are nice-to-have. If it is an extravagance worth getting, then it’s worth saving for, even if it means you need to wait a little longer.

Nobody is immune to financial difficulty, and everyone will go through this at some stage of their life. By having a “saving mentality,” you will lesson the burdon almost instantly.

6 Common Financial Mistakes to Avoid

Your current financial position is a result of every financial decision you’ve made up to now. If you are like the majority of people, you’ve had very little if any coaching, so you are just learning along the way. What this means is even though many of the choices may spring from good intentions, they fall flat because of poor planning or inadequate understanding. However, identifying your mistakes can help you avoid making them again.

 

Spending excessively or living outside your means

People visit restaurants more frequently than their wallets allow, purchase lavish articles or splurge on kids birthday parties (or sometimes travel) that empty out their accounts. Living above what you can afford, and spending cash you don’t have to impress others is a financial and emotional black hole.”

 

Sometimes, excessive spending comes not from the desire to impress but purely from negligence or frivolous purchasing. Trivial purchases like a daily latte, gym memberships we rarely use, or that magazine we barely read but happen to be too lazy to cancel our subscription to may appear petty when considered individually, but accumulate over time.

 

Spending before saving

A typical misconception individuals have, is the fact that our savings are what’s left after our bills are paid, and our monthly spending is calculated. However, this method is backwards. It’s easier first to define an amount you want to save each month, then spending accordingly. This will not only help with eliminating unnecessary spending but additionally helps focus your savings goal and get it within a fixed time-frame.

 

Not Building An Emergency Fund

Most households live payday to payday. Therefore, an unforeseen crisis will easily be a disaster if you’re not prepared. Many financial planners suggest keeping three months’ salary in an account where one can easily access it. Lack of employment or changes in the economy could drain your savings and generate a cycle of debt having to pay for debt. A 3-month buffer may be the difference between keeping or losing your home.

Not Planning For the Future

Your financial future depends on what’s happening right now. Individuals will spend 20 hrs each week on the internet or watch television, but putting aside two hours per week for his or her finances is unthinkable. You should know what your current financial situation is so you can create a savings plan for the future.

 

Not having Insurance

While it’s great to keep an optimistic attitude about life and think that nothing bad will happen to you, should you not own insurance whether household, vehicle or medical, you can cause your family and yourself great financial distraught.

 

Living on borrowed money

Probably the most common financial mistake people make is accumulating frightening amounts of debt, which could happen for various reasons like losing a job, getting divorced or merely spending too frivolously. Every time you swipe your credit card, remember that you have to pay that amount back plus interest. Be cautious before adding new financial obligations for your listing of monthly payments.