Savvy saving tips to reduce living costs

How to stretch your money to get through the month without a negative bank balance. 

South Africans battle to keep up with the rising costs of fuel, food, electricity and interest rate hikes yet salaries stay stagnant which makes budgeting a real battle.

Side hustles are a must for many to make it to the end of the month. Understanding how and where you can cut back on spending and stock up on savings is crucial. 

The first step to creating a successful budget begins with deciding on your wants versus your needs. A want is an expense that is not necessary for survival, whereas a need is essential for daily living, working and moving around. These include housing, rent or bond, transportation, utilities, food and data. 

We asked Indwe Risk Services to share tips on how to save insurance costs:  

For more nifty tips and tricks, visit Get It Magazine.

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