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Too much month at the end of your money? Here’s how you can change that

The lockdown has hit South Africans really hard. According to a July report by Business & Human Resource Centre, the lockdown cost 3 million jobs. “Women bore the brunt of the job losses. Of the 3 million job losses, 2 million were women,” the report states.

We all know someone who’ve lost their income during the COVID-19 lockdown, and many of us are still working on salary cuts.

If you need to cut back on expenses, here are 5 places you can start.

Firstly, you need a budget

Match your financial income with your monthly outgoings to keep tabs on your spending and budget for things accordingly. This will prevent you from overspending and using your overdraft facility or credit card, which will cost you extra money as they charge interest.

Buy in bulk

Staple items like nappies, milk, cleaning products, flour, sugar, etc can all be bought in bulk. Keep an eye on your local newspaper for specials advertised.

ALSO SEE: 7 clever budget meals to get you through until payday

Re-look your car insurance

If you are still paying the same insurance premium you did before lockdown, but are now working from home, or are unemployed, you should get in touch with your insurer to re-evaluate your monthly premium. There’s no need for you to pay a high premium if you are not travelling to and from work on busy roads every day, or if your car now spends most of the day locked in your garage at home.

Are you using your television streaming services?

If you have a Netflix or DSTV account, it might be time to cancel the service for a while until you’re back on your feet. Yes, it’s really nice to relax in front of the TV watching an episode of your favourite series – but think about how often you really use it apart from Cartoons for the kids? You can always ask a friend to copy some series for you on a hard drive or memory stick for days when you have a gap to catch up on Greys Anatomy. As for the kids – there are many kids shows they can watch for free on YouTube if you have Internet at home.

Eat in

We know some days go by in a whirlwind when you feel like your feet aren’t touching the ground, and the last thing you feel like doing is cooking dinner, so it’s easier to order pizzas or burgers. But this adds up in the end. It’s much cheaper to put together your own pizzas at home (although it will be a little more work). If you don’t have the energy to prepare your pizza bases from scratch, you can always buy the ready-made bases from Pick n Pay or Spar (but they can be quite expensive sometimes).

If you have wraps at home, you can make this easy cheats pizza for the kids.

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