Kaya 959 Reporter
One of the finest things you can do to attain your financial objectives as quickly as possible is to lower your cost of living.
Have you ever added up how much money you spend on necessities like food, utilities, and housing costs each month?
It can be quite costly. However, these are generally the hardest areas of personal finance to cut back on.
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Kaya Biz with Gugulethu Mfuphi spoke to Ester Ochse, product head: FNB Money Management about tricks and tips to bring down your cost of living in South Africa.
LISTEN TO THE FULL CONVERSATION:
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Ochse explains the importance of lowering your costs as much as possible to give yourself room to breathe during these tough economic times.
“You always want to make sure that there is money left at the end of the month and not more month left without money. There really is a lot of pressure on the consumer at the moment.”
“The fuel price and everything that is going up internationally at the moment, inflation is sitting at 5,7%, which obviously means the interest rate is going o start picking up slowly after we’ve had this 2 years of low-interest rate. So that is really going to start bringing even more pressure on the consumer going forward,”
“You need to start looking at what are some of the money management moves you can make so that you do have that you do have that money and that you can stretch towards the entire month.”
Ochse gave a few tricks and tips to bring down your cost of living in South Africa and how you can stretch your salary as far as possible to the next payday.
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