For some, budgeting and saving each month is a breeze. For others, not so much.
Financial responsibilities can feel overwhelming and the notion of saving money often takes a backseat for many individuals. Whether you’re just starting your career or are further along the path of life, the idea of setting aside money for the future might seem like an impossible feat. However, we’re here to tell you that it’s never too late to start saving.
Taking control of your finances and implementing smart saving strategies can lead to a more secure and fulfilling future. Khuthadzo ‘Kay’ Mbobvu, a personal finance coach and advisor has redefined the budgeting game. She has shared some powerful hacks through TikTok on #tiktokthatshau, how to stay on top of your finances, – and we’re sharing it with you.
Game-changing budgeting tips
Mind over emotions
When shopping, making rational decisions based on your actual needs and priorities is crucial rather than succumbing to impulsive buying driven by emotions.
Stick to your list
Maintaining a well-organised shopping list is one of the most effective ways to stay on track with your budget and avoid unnecessary purchases.
Value for money
Don’t fall into the misconception that expensive brands always equate to better quality. Explore budget-friendly alternatives that offer great value without compromising on quality.
Meal planning magic
Planning your meals allows you to create a comprehensive shopping list and avoid last-minute, unplanned purchases.
Avoid shopping on an empty stomach
Shopping while hungry can lead to impulsive purchases and unhealthy food choices. Eat before heading to the grocery store to stay focused and make smarter decisions.
Embrace reusable bags
Help the environment and save on extra bag fees by bringing reusable bags for shopping trips.
Compare and save
Before purchasing, do your homework and compare prices across different stores to ensure you’re getting the best deals.
@finance_with_kay Grocery shopping hack #financetok #insurancetiktok #financetiktok #wealth #financialeducation ♬ Music with a sense of happiness for orchestra and piano – Tak Music
Try this saving method
With multiple streams of saving out there, from banks to investments – why not add another fun yet very effective and visual method of saving?
Based on realistic goals, create a chart of how much money you are able to put away each week. Say for example you put R100 away every week, by December you would have an extra R1500 to enjoy.
Once you’ve got your weekly goals covered, buy a flip-file, organiser or envelope where you can slot in your R100 notes every week. Having a physical ‘piggy bank’ helps keep you accountable for your saving.
This is a fun, physical way to introduce saving to your kidsm too.
Whether it’s building an emergency fund, planning for a dream vacation, or preparing for retirement, setting achievable goals will keep you motivated and on track.
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Featured Image: Pexels
