Good Housekeeping South Africa

101 WAYS to HAVE MORE cash!

TRY: THE R5 SAVINGS PLAN

1 IT’S AN EASY IDEA – every time a R5 coin comes into your life, instead of spending it, you save it. We like the idea of having different piggy banks for different denominations of coins (R5/R2/R1) and have discovered that the average tin money bank holds about R800 in cash (whether you’re saving R1, R2 or R5 coins). That’s a fair amount if you stick to the plan for a year.

Week One ASSESSMENT

Get Organised

2/ IN ORDER TO BUILD

a picture of your financial situation and craft a plan to improve it, you need a strong picture of where you are and access to all your bank statements, printed or online.

3/ YOU’LL NEED

a spreadsheet, a filing system for slips and invoices, and a notebook for recording daily expenses.

STATEMENT SAVVY

4 CHECK YOUR BANK AND ACCOUNT STATEMENTS for any hidden charges you don’t know about – like insurance policies you signed on long-sold properties.

5 DON’T FORGET TO LOOK FOR EXPENSES like unnecessary extra cover on phone contracts.

6 Daily Commitment

UNDERTAKE TO NOTE every sundry expense, from takeaway coffees to car-guard tips, for one month.

INCOME POTENTIAL

7 SCOUR YOUR HOME for items that no longer serve a purpose for you and your family and that could possibly be sold for cash or swapped for something more useful.

8 EXAMPLES INCLUDE furniture, clothes, linen, electronics, books and hobby items.

Plot your Budget

9/ THE KEY TO FINANCIAL SECURITY is knowing what’s coming in and what’s going out. Draw up a spreadsheet and log all your fixed expenses and income.

10 INCLUDE YOUR SALARY and any extra income, as well as all accounts and other known expenses.

We’ll take action on these next week!

11 SAVE-MONEY-NOW HABIT

An interest-bearing savings or unit-trust account is your best bet for squirrelling away cash that you can’t easily access. Open one today and commit to a debit order of a minimum of five percent of your income.

# 12 MORE MONEY HACKS

5 SMART

side-hustle ideas Extra skills = extra income

13 WHAT? SOCIAL-MEDIA MANAGER

Turn your social-media addiction into something positive by helping small businesses reach a larger audience and

Você está lendo uma amostra, registre-se para ler mais.

Mais de Good Housekeeping South Africa

Good Housekeeping South AfricaLeitura de 9 mins
HOW TO GET pregnant
CYAN TURAN spoke to doctors, therapists and dietitians to sort the facts from the fiction. If you’re trying, or want to start, here’s what the experts say... ‘As a society, we don’t take stress seriously, but it has huge physical effects on our bodi
Good Housekeeping South AfricaLeitura de 5 minsCookbooks, Food, & Wine
Easy Weeknights
Preparation Time 20 minutes Total Time 25 minutes Serves 4 1. Place 200g to 230g thin rice noodles in a large bowl, cover with boiling water and let soak until tender (7 to 9 minutes); drain. 2. Meanwhile, in a large bowl, whisk together 1/3 cup ea
Good Housekeeping South AfricaLeitura de 1 mins
Celebrate With Lorna
SCAN HERE FOR ALL THE RECIPES Recipes extracted from Celebrate With Lorna Maseko (R360 Human & Rousseau) ■