6 Simple and low-effort ways to save money
Baby steps are better than no steps when it comes to reaching your savings goals.
Saving is difficult when you don't have extra money to spare, but there are ways to set money aside by making simple changes.
Here are six low-effort ways you can save money.
1. Click unsubscribe
If you're a sucker for a "flash sale" email, you should consider unsubscribing from tempting marketing emails that are designed to get you excited about making a purchase. Out of sight, out of mind, and out of your budget.
While you're busy with that, audit your subscription services as well. Cancel subscriptions you don't use often or have not used in months, like your gym membership. If you have multiple streaming apps, cancel the ones you use the least and stick to one. Do you really need a DStv, Showmax, Netflix, Apple Music, and Disney+ subscription?
Put the money you would have used for the cancelled subscriptions into a savings account.
2. Have fun with free local activities
Plan free activities to cut out weekend spending. There's a lot to see and do in your local community and city for zero Rands. Visit an art gallery, hike with friends or enjoy a picnic with family at a lake or botanical garden.
3. Consider buying store-brand products
Buy store-brand products like Checkers Housebrand and Pick n' Pay No Name instead of brand-name products to save on your monthly groceries. Certain products can save you R1 to R3, greatly reducing your grocery spend. However, research online before shopping, as some store brands are sometimes more expensive.
Extra tip: Make a grocery list before you go shopping to avoid overspending.
4. Get a part-time job
Spend your weekends or evenings making extra money by getting a part-time job. You babysit, petsit or housesit on the weekend. Turn your passion into a side hustle by making money doing what you love. You can sell homemade cupcakes, teach people to play the guitar or sell clothes you are no longer wearing.
Also, remote work options such as data entry, transcription or virtual assistance should be considered.
READ: SARS requires you to disclose any other streams of income
5. We have McDonald's at home
Make over 90% of your meals at home to avoid spending hundreds of Rands monthly on takeout or eating out. Make your own burgers and fries at home. It's healthier to make your own food at home, and you get more bang for your buck. You could probably make two burgers for the price of one burger meal at a take-out joint.
READ: Frugal mom shares midweek dinner hack for under R150
6. Meal prep to avoid food waste
Prepping your meals in advance can save you time and money. Not only will it avoid food waste, but it will also help you stick to your weekly grocery budget. You don't have to worry about calling your local pizza store on days when you feel too lazy to cook.
Disclaimer: The financial information in this story is for general guidance and should not be used as a substitute for professional advice. It is always best to consult a qualified financial advisor.
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