With the heavy impact of Covid-19, increasing fuel and electricity prices, higher repo rates as well as ever-rising costs of living, many South African consumers are looking forward to some respite with the promise of end-of-year bonuses and 13th cheques.
While it’s tempting to spend the cash injection on a holiday, a luxury item you’ve always wanted or expensive gifts for you and your family, it’s wise to take a step back and think about how you can make every cent work smartly.
“Instead of blowing your bonus on instant gratification, luxuries and other ‘wants’, rather focus on a plan that will see you buying what you really need, saving, investing or paying off bad debts. The small sacrifices you make, and the restraint you exercise now, will serve you…