9 Ways To Cut Out Unnecessary Spending

Consistently spending more than you earn is an easy way to accumulate debt. To stay out of debt, you’ll either need to find a way to earn more or spend less.​​​

Making small changes can add up to big savings. If you cut out 1 expensive coffee every day, you could save about R200 each week. That adds up to more than R2,000 a year. 

Here are some other ideas.

Eat out less – Commit to cooking more at home. Bring your leftovers to work for lunch.

Shop smarter – Shop with a list so you won’t buy something you don’t really need. Look for weekly specials at the grocery store, sales on big items and discounts for services. Shop at second-hand stores and websites.

Use less petrol – Spend less on heating and cooling your home. For example, don’t leave lights on when you’re not using them. Use less heat or air conditioning if you’re away from home or sleeping.

Use your car less – Save money on petrol by walking more or taking public transit if it’s cheaper than driving your car.

Find cheaper alternatives – Rent movies instead of seeing them in theatre. Pick a holiday spot closer to home. Spend less on your cell phone by getting a cheaper package or talking less.

Pay cash – It may seem easier to use a payment plan that allows you to make small monthly payments. But if there’s interest on those payments, they’ll cost you more over time.

Borrow smarter – You’ll pay a high rate of interest to borrow money on your credit card. Instead, try to get a cheaper loan that will leave you with lower monthly payments overall.

You save money when you make more than you use.Once it becomes second nature to save, you just do it.  You don’t think, you don’t regret and you certainly don’t ask why you save.