Save Money

Genius ways south africans are saving thousands.

If you think that saving money is simply to spend less than you are SORELY mistaken. I have never had much disposable income in the first place so I always thought that I could not save money. I was completely wrong. Until I read the book, I am going to make you rich, only then did I realise that I need to find ways to cut my costs and save.

My goal now is to make more money but also to save more money too.

Disclosure: All posts may contain affiliate links. This means that I get a commision for reccommended products at no cost to you. I am adamant that I will only write well researched content not influenced by or paid for by an advertiser. Keep in mind that I will only ever link companies and products based on quality and my personal experience.The decision will always remain yours on whether you buy anything.  

Creative ways South Africans save thousands every month.

1 | Start an at-home business

This sounds crazy to be under savings but if you start a home-based side business or even as a freelancer then you can claim some of your expenses.

Examples of things you can claim are interest payment on the bond or even a portion of your rent and daily expenses incurred from running the business.

As I have a home-based business aka this blog with a dedicated workspace. I can claim my laptop, my cellphone, internet, a portion of my rental, electricity etc.

I would suggest speaking to a tax practitioner for advice on doing it correctly so that you are compliant but you can end up paying SARS less!

If you are working remotely for a company you may also be able to get some cashback from SARS!

Earn more. Save More. Live More

2 | Opt for medical insurance.

Comprehensive medical aid is not affordable for most and can actually strangle some families. For our family, paying upwards of R6000 was not something we could do any longer. 

We switched to medical insurance for day to day and for emergency care which costs us R800 for the entire family.  We use dispensing doctors within the network. We have even gotten meds from Clicks on my insurance.   

So far, it’s been 3 years that we have had medical insurance and have been to the doctor and dentist with no issues whatsoever. 

You could save a portion for medical costs that may creep up not covered in your policy. 

If you are looking for medical insurance you can click here

3 | Renegotiate Insurance

Insurance is an evil necessary. 

You would be surprised how much you could save by renegotiating your insurance. These days insurance is competitive and companies are working harder and harder at trying to retain clients or to win your over. 

I personally recommend King Price for car insurance as they decrease the cost of your policy instead of increase as the value of your car decreases each month. They were the cheapest I could find and when I was in an accident they called me every hour to see if I was okay , the claim processing was incredible and I cannot recommend them highly enough. 

If you would like to get a quote from them I would love it if you use my referral code:

Start negotiating every year.

4 | Swap Medical for Medical Insurance

Comprehensive medical aid is not affordable for most and can actually strangle some families. For our family, paying upwards of R6000 was not something we could do any longer. 

We switched to medical insurance for day to day and for emergency care which costs us R800 for the entire family.  We use dispensing doctors within the network. We have even gotten meds from Clicks on my insurance.   

So far, it’s been 3 years that we have had medical insurance and have been to the doctor and dentist with no issues whatsoever. 

You could save a portion for medical costs that may creep up not covered in your policy. 

If you are looking for medical insurance you can click here

5 | Reconsider Warranties

 There are dealerships, phone companies, and stores that make money on the “possibilities” with warranties and insurance. There are times you thank God for having a warranty if a product fails, but there are many cases where you never use it.  

Did you know that most credit card companies have automatic warranty doubling? This means that your credit card company automatically extends the warranty on your purchases. For example, if you buy an iPhone and it breaks after Apple’s warranty expires, your credit card company will still cover it up to an additional year.

Most people don’t know this, heck, I didn’t until I read this awesome book I Will Teach you to be Rich. Awesome book, that changed my outlook and lifestyle.

You are taking a risk if you purchase a warranty or not.  I look at it this way… if you don’t purchase it, save the money for the “what if” and if you don’t use it you get to keep the money.

Something to consider but it’s good to always weigh the pros and cons before making this important decision.

6 | Reduce entertainment costs

DSTV premium costs R809 per month if you are not using a PVR and even more if you are. That’s almost 10 000 a year. Downgrade to the R105 package or consider getting Netflix if you have internet. 

Heck! Get an Openview decoder and (SABC) it’s free! This is a huge lifestyle change, but you could save over R8448 a year. I thought I would struggle but after 30 days I have adjusted.

7 | Cut your grocery bill up to 50%.

Here are my best practices for cutting down your grocery bill

Your grocery bill is a large chunk of your earning and slashing that expense will take some clever planning.

Meal Plan – Meal planning can literally save you thousands every year. You will have much less waste and can shop efficiently. If you are uninspired and need help with this you should consider trying my 50 bucks meal plan club. Its a meal plan service where meals can cost as little as R10 per person. 

Zero Waste  – Look through your cupboards or fridge and make a meal plan with only what’s in your cupboards until you can’t anymore. 

Avoid the shops – If you have trouble sticking to your grocery list then online shopping can solve that. If your store does not deliver then using apps like OneCart or Zulzi is the solution. They will deliver your groceries for just R45.  

Don’t get hung up on brands. – You may be surprised that cheaper brands can taste just as good.  Don’t be afraid to try them. 

Bulk buy non-perishables. – My mum and dad have been doing this for years. If they have an item that is a really good deal they buy in bulk. Be aware of specials but don’t impulse buy. Unless it’s strategic for the months to come. 

If you are looking for a complete breakdown of how I saved 50% check out that post here.

8 | The FREE-Ninety-Nine Challenge.

Plan FREE weekly activities for your family every month.  No paid entertainment allowed.

Libraries, community events, parks, museums (on certain days), walking trails, playdates are all very FREE fun things to do. 

Make sure to pack a lunch when you do outdoor activities.  And don’t forget to make sure you enjoy all the free deals on your birthday.

9 | Buy nothing new for 365 days.

I would bet you have clothes you haven’t worn in years or kitchen items that you have forgotten about.  Why not go minimal and make your current wardrobe work or if needed arrange a swap party with your girlfriends. 

If you really NEED to buy something then try buying gently used second-hand items on Facebook marketplace. Dont turn your nose up at second hand. You can get some great buys. 

Sign up for Bid or Buy or check out Facebook Marketplace for second hand deals.

10 | Use SNAPnSAVE

Plan FREE weekly activities for your family every month.  

Libraries, community events, parks, museums (on certain days), walking trails, playdates are all very FREE fun things to do. 

Make sure to pack a lunch when you do outdoor activities.  

And don’t forget to make sure you enjoy all the free deals on your birthday. 

If you do give it a go,  would appreciate it if you use my referral code: Laverneb759 for referring you.

11 | Get Money Back for Petrol

If you use your loyalty cards correctly you can score big. Clicks and Pick n Pay both gave 10c savings per litre for those with membership cards. It is free to become a member of each one of these retailers loyalty schemes. 

Dischem and most banks have similar programs. I have earned as much as R300 and I do not travel much.

12 | Reduce your electricity costs

Eskom’s electricity prices have increased by roughly 356% over the past ten years.

Reduce the temperature of your geyser to 55°C or less and consider installing a timer on it and change the light bulbs to energy saving.

13 | Take Advantage of Credit Card Perks

Credit cards are not for everyone. If you find that you cannot pay your monthly bills in full, skip this one. 

Pay everything with one credit card and then settle in full and get the cashback. NEVER pay interest. It kind of defeats the purpose of saving money.

Final Thoughts

Spare change can pile up to a splurge

My ex-husband used to put all his change in bottles for the end of the year and I used to scoff and think it was silly. At the end of the year he had close to a thousand rand and I was flabbergasted. Presents sorted! 

You also might want to unsubscribe from the mailing lists with tempting offers. If you don’t see it, you won’t know you need it!.