Worrying about how to make it to the end of the month? We’ve got a few tips on how to make your money stretch.
The frivolousness of the festive season is over and now, many South Africans find themselves facing a long January, not so fondly referred to as “JanuWorry”. This month can be a tricky one, especially for those who got paid early in December and are now struggling to make that money stretch all the way to the 31st. If this is you, or if your wallet is a lot lighter after all the expenses that come along with Christmas, read on for a few simple tips on how to make it to the end of the month.
Say Yes To Sober January
There are lots of reasons to take a break from drinking in January, the first being that it can be great for your health. However, if you’re someone who likes to socialise with a drink in hand, you’ll know how this can get expensive.. Embracing a Sober January is an easy way to save money and your body will appreciate a little detox.
Embrace “Free Fun”!
You could always say no to that expensive dinner with friends or avoid social engagements altogether to save a bit of cash, but you don’t have to. Instead, shift your focus to things you can do with friends that are either free - like a walk on the beach or a hike - or inexpensive, like a picnic in the park with your pets. The great thing about being in South African in January is that the weather is typically gorgeous, making it the perfect month to enjoy our great outdoors.
Stretch What You’ve Got
Take a peek in your pantry. See that bag of brown rice that’s been sitting there for a while? It’s time to finally start using it. You can also get creative with your shopping list, only buying what would cost the least to enhance what you already have – like that rice. As for that slightly too-minty toothpaste you bought but didn’t love? It’ll still do the trick, so use it. Now is the time to be resourceful and get the most out of what you already have, not buy more unnecessarily.
Reconsider Your Luxuries
As South Africans, we all know that joke about eating an end of the month Salticrax only too well. But in JanuWorry, it only becomes too real. Still, rather than forgoing a topping altogether, consider making a switch. As an example, if you’ve always only ever bought butter, now might be the month to switch to margarine. If a premium coffee brand has always been your go-to, now’s the time to consider a supermarket house brand. If you’re consistent with little switches, you can end up saving a lot.
Kick Expenses Habits
Do you have to buy that pricy smoothie every time you hit the gym? Could you really not survive a Friday night without ordering a takeaway? Also, remember that health and wealth often go hand in hand. If you're a smoker or vaper, JanuWorry is an ideal time to quit and you could even make it a new year’s resolution. Speaking of which, if you’re really worrying about finances this month, read our post on financial resolutions for a prosperous new year. <https://www.miwaylife.co.za/blog/life-insurance-for-seniors-starting-the-year-with-peace-of-mind/> It could set you up to be in a better position next January and even covers life insurance which isn’t as expensive as you’d think and could protect your family from many potential JanuWorries to come.
Did You Know:
You can now take out life cover with us online in a few simple steps. No calls and no agents! Make sure to take care of those you love today by buying MiWayLife cover online.
