fb

10 Clever ways to save money

Woman taking notes
Woman taking notes/ Pexels

By Kaya 959 Lifestyle

The financial impact of the coronavirus pandemic has made a lot more people think twice about how they spend their money.

Job security fears have also added to people’s anxiety.

A 2020 survey by research company ADNA found that two-thirds of South Africans are unable to save.

The pandemic has made things worse for household finances, but is it possible to save on a tight budget?

“In reality, it is getting harder to save, but if you do not save and you happen to lose your job, you will be in a far worse position than you would be had you started saving,” says Gerald Mwandiambira, chief executive of the South African Savings Institute.

Let’s look at practical ways to save some cash.

Do your washing in bulk

Whether you are washing your laundry or dishes, you can reduce your water and electricity bill by washing in bulk. This will save you lots of money over a long period.

When it comes to your car

– Wash your car at home. Save yourself some cash by washing your own car at home.

You might think car wash is not that expensive, but the money that you spend on paying for car wash could add up to quite a lot of money over a long period.

Shop smart

When it comes to shopping, there are several things to look out for.

– Compare prices and shops. Don’t just buy things from one store but do price comparison.

– Be mindful of sales and buy only what you need. It’s wiser to buy on sale, but make sure you are not just buying because something is marked ‘sale’.

– Don’t forget to buy quality products to avoid wasting money on products that will soon need replacements.

READ: 10 ways to save on your grocery bill

Pay credit within the no-interest period

If you have a credit card that offers a no-interest period, make sure you pay within that period. Interest can end up costing you a lot of money, which you could have avoided.

When it comes to your accounts and loans, also make sure you don’t skip payments or delay payments, to avoid having to pay penalties.

Reduce electricity usage

There’s no denying that electricity costs a lot in South Africa. By cutting down your electricity usage, especially in the kitchen, you can save yourself a lot of money.

 Use a microwave instead of the stove.  A microwave oven is not only fast, but can also have a significant impact on electricity consumption.  This is because a microwave oven uses less energy than conventional ovens and stoves.

– Cover your pots with a lid to avoid losing energy.

– Don’t use a small pot on a large burner. You will be wasting heat.

– Cook in bulk and freeze the food. This will reduce your electricity bill and even save you time.

@eitan

Subscribe to YouTube.com/EITAN to join the YouTube fam! ? #cookinghacks #food #chef #eats #cooking #macandcheese #mug #tiktokmerch

♬ original sound – Eitan Bernath

Entertain yourself at home

You would be surprised how much money you can save by not going out for entertainment. Instead of going to the cinema to watch a movie, hire one. Instead of eating take-aways, cook. Entertainment doesn’t have to be costly.

However, if you do happen to go out, stick to your budget.

Sell your old stuff 

If your house is full of stuff you don’t use, you can sell them and put the money in your savings account.

Grow your own vegetable garden  

Reduce your grocery bill and save yourself some money by growing your own vegetables. The other benefit of this is that you will be eating fresh, organic veggies.

Take your own lunch to work

Buying lunch at work can end up costing you a lot over time. Ensure that you save money by packing your own lunch. If you like snacks, make sure you also stock up on those and take them to work as well.

Do you have any other clever ways to save money? Share with us in the comments section below.

Become DIY savvy

Before calling out to do repairs in your home, consider doing it yourself. While some repair jobs around the home require a professional, some can be easily fixed but watching a YouTube video or Googling “how to”. There are many resources on the internet that can help you figure things out.

Try the 52-week savings challenge

The 52-week savings challenge is one of the easiest and smartest ways to save money. If you are committed, you could save up to R14 000 in a year.

How it works is that you save a set amount of money each week for 52 weeks. You start off with R10 the first week then move to R20 the following week etc. By the end of week 52, you should have managed to save more than R10 000.

But remember to be committed and faithful to the challenge.

 

Main image: Pexels/ Anete Lusina

    Don’t miss out on the latest local news, interviews and competitions.

    Don’t miss out on the latest local news, interviews and competitions.

    Receive the latest news

    Subscribe To Our Newsletter

    THE KAYA 959 APP NOW AVAILABLE

    DOWNLOAD YOURS NOW

    Copyright Notice

    1. COPYRIGHT

    1.1 The contents of this Website, including but not limited to its compilation and arrangement, is the exclusive property of Kaya 959, alternatively the suppliers of content to Kaya 959, and accordingly remain protected by South African and International Copyright and Trademark laws.

    1.2 Any person accessing this Website, may not, save for downloading one copy for their personal computers and solely for their private and non-commercial use :

    1.2.1 Copy, disseminate, distribute, advertise, publish, adapt, modify or in any way reproduce the contents of this website for commercial purposes, unless this notice and any disclaimer attached thereto is published in its entirety, or unless the permission of Kaya 959 is obtained in writing.

    Privacy Policy

    THIS PRIVACY STATEMENT FORMS PART OF KAYA 959’S TERMS OF USE POLICY. IF YOU DO NOT AGREE WITH ANY TERM OF THIS PRIVACY STATEMENT, YOU MUST CEASE YOUR ACCESS OF THIS WEBSITE IMMEDIATELY. 

    POPIA ActTo promote the protection of personal information processed by public and private bodies; to introduce certain conditions so as to establish minimum requirements for the processing of personal information; to provide for the establishment of an Information Regulator to exercise certain powers and to perform certain duties and functions in terms of this Act and the Promotion of Access to Information Act, 2000; to provide for the issuing of codes of conduct; to provide for the rights of persons regarding unsolicited electronic communications and automated decision making; to regulate the flow of personal information across the borders of the Republic; and to provide for matters connected therewith.

    RECOGNISING THAT—

    • section 14 of the Constitution of the Republic of South Africa, 1996, provides that everyone has the right to privacy;
    • the right to privacy includes a right to protection against the unlawful collection, retention, dissemination and use of personal information;
    • the State must respect, protect, promote and fulfil the rights in the Bill of Rights;

    AND BEARING IN MIND THAT—

    • consonant with the constitutional values of democracy and openness, the need for economic and social progress, within the framework of the information society, requires the removal of unnecessary impediments to the free flow of information, including personal information;

    AND IN ORDER TO—

    • regulate, in harmony with international standards, the processing of personal information by public and private bodies in a manner that gives effect to the right to privacy subject to justifiable limitations that are aimed at protecting other rights and important interests,
    1. Definitions and Interpretation

    1.1.“Personal Information” means information relating to an identifiable, living, natural person and where it is applicable, identifiable, existing juristic person, including all information as defined in the Protection of Personal Information Act 4 of 2013. 

    1.2  Parliament assented to POPIA on 19 November 2013. The commencement date of section 1Part A of Chapter 5section 112 and section 113 was 11 April 2014. The commencement date of the other sections was 1 July 2020 (with the exception of section 110 and 114(4). The President of South Africa has proclaimed the POPI commencement date to be 1 July 2020.

     
    1.3. “Processing” means the creation, generation, communication, storage, destruction of personal information as more fully defined in the Protection of Personal Information Act 4 of 2013.  

    1.4. “You” or the “user” means any person who accesses and browses this website for any purpose. 

    1.4. “Website” means the website of the KAYA 959 at URL www.kaya959.co.za or such other URL as KAYA 959 may choose from time to time.   

    1. Status and Amendments

    2.1. KAYA 959 respects your privacy. This privacy policy statement sets out KAYA 959’s information gathering and dissemination practices in respect of the Website. 

    2.2. This Privacy Policy governs the processing of personal information provided to KAYA 959 through your use of the Website. 

    2.3. Please note that, due to legal and other developments, KAYA 959 may amend these terms and conditions from time to time.  

    1. Processing of Personal Information

    3.1. By providing your personal information to KAYA 959 you acknowledge that it has been collected directly from you and consent to its processing by KAYA 959. 

    3.2. Where you submit Personal Information (such as name, address, telephone number and email address) via the website (e.g. through completing any online form) the following principles are observed in the processing of that information: 

    3.2.1. KAYA 959 will only collect personal information for a purpose consistent with the purpose for which it is required. The specific purpose for which information is 
    collected will be apparent from the context in which it is requested. 

    3.2.2. KAYA 959 will only process personal information in a manner that is adequate, relevant and not excessive in the context of the purpose for which it is processed. 

    3.2.3. Personal information will only be processed for a purpose compatible with that for which it was collected, unless you have agreed to an alternative purpose in writing or KAYA 959 is permitted in terms of national legislation of general application dealing primarily with the protection of personal information. 

    3.2.4. KAYA 959 will keep records of all personal Information collected and the specific purpose for which it was collected for a period of 1 (one) year from the date on which it was last used. 

    3.2.5. KAYA 959 will not disclose any personal information relating to you to any third party unless your prior written agreement is obtained or KAYA 959 is required to do so by law. 

    3.2.6. If personal information is released with your consent KAYA 959 will retain a record of the information released, the third party to which it was released, the reason for the release and the date of release, for a period of 1 (one) year from the date on which it was last used. 

    3.2.7. KAYA 959 will destroy or delete any personal information that is no longer needed by KAYA 959 for the purpose it was initially collected, or subsequently processed. 

    3.3. Note that, as permitted by the Electronic Communications and Transactions Act 25 of 2002, KAYA 959 may use personal information collected to compile profiles for statistical purposes. No information contained in the profiles or statistics will be able to be linked to any specific user.    

    1. Collection of anonymous data

    4.1. KAYA 959 may use standard technology to collect information about the use of this website. This technology is not able to identify individual users but simply allows KAYA 959 to collect statistics. 

    4.2. KAYA 959 may utilise temporary or session cookies to keep track of users’ browsing habits. A cookie is a small file that is placed on your hard drive in order to keep a record of your interaction with this website and facilitate user convenience. 

    4.2.1. Cookies by themselves will not be used to identify users personally but may be used to compile identified statistics relating to use of services offered or to provide KAYA 959 with feedback on the performance of this website. 

    4.2.2. The following classes of information may be collected in respect of users who have enabled cookies: 

    4.2.2.1. The browser software used; 

    4.2.2.2. IP address; 

    4.2.2.3. Date and time of activities while visiting the website; 

    4.2.2.4. URLs of internal pages visited; and 

    4.2.2.5. referrers. 

    4.3. If you do not wish cookies to be employed to customize your interaction with this website it is possible to alter the manner in which your browser handles cookies. Please note that, if this is done, certain services on this website may not be available. 

    1. Security

    5.1. KAYA 959 takes reasonable measures to ensure the security and integrity of information submitted to or collected by this website, but cannot under any circumstances be held liable for any loss or other damage sustained by you as a result of unlawful access to or dissemination of any personal information by a third party. 

    1. Links to other websites

    6.1. KAYA 959 has no control over and accepts no responsibility for the privacy practices of any third party websites to which hyperlinks may have been provided and KAYA 959 strongly recommends that you review the privacy policy of any website you visit before using it further. 

    1. Queries

    7.1. If you have any queries about this privacy policy please contact us by emailing [email protected] 

    Competition Terms and Conditions

    • The competitions are open to all persons over the age of 18 years; except directors, partners, employees, agents, service providers, and consultants of Kaya 959, the sponsor and all its subsidiaries and its holding company, if any, as well as all spouses, life partners, parents, children, siblings, business partners and associates of such persons.

    • The outcome of the competition is subject to the decision of the judge/presenter, whose decision is final and no negotiation will be entered into thereafter. Neither Kaya 959, sponsors nor their agents will be held responsible or answerable to any dispute arising from the competition or prize awards.

    • Participants/listeners enter or take part in competitions at their own risk and Kaya 959 bears no responsibility for any loss, damage or harm suffered as a result of participation in any of Kaya 959 competition.

    • One listener is entitled to winning one prize in a period of 3 months. Kaya 959 reserves the right not to award a prize if the listener has won a prize prior during the 3 month window period. This also applies to listeners who provide family or friend’s contact details.

    • Kaya 959 reserves the right to redistribute all unclaimed prizes if not claimed after 3 months after being given away On Air or on the website.

    • Prizes are not transferable and may not be exchanged for cash.

    • Finalists will forfeit their participation in the competition if they fail to attend the draws.

    • The competition will run during the period advertised on Kaya 959; entries received outside of the competition period will not be considered for the competition draw.

    • Kaya 959 and their sponsors reserve the right to cancel, modify or amend the competition at any time if deemed necessary in their opinion, or if circumstances arise outside of their control.

    • By entering the competition, entrants agree to accept these rules and to be bound by them.