Branded cleaners and detergents can easily eat into our grocery budget faster than we think. But there is another way to save on the laundry detergent, fabric softener, glass cleaners, stain removers, shower, wood polish… When you’ve run out of cash for detergents and groceries before payday, here are some of the solutions that can save you a packet while keeping your home hygienic and clean all month through.
With 2015 in full swing, we look at new technologies and trends in the finance industry that could have a huge impact on 2015. With the increase in use of smart devices like smart phones and wearables, it is becoming easier and more convenient for us to make online, digital transactions.
Growth in retail sales volumes are already higher in the fourth quarter this year than they were in the same period last year, according to the results from Stellenbosch University’s Bureau for Economic Research’s latest festive season retail survey. These results indicate that despite tougher economic conditions, South Africans are flocking to the malls over the festive season.
Those who receive a year-end bonus or 13th cheque should aim to save a portion of it and shop with caution this year. While the extra income is always welcomed during one of the most expensive periods of the year, those receiving a year-end bonus or 13th cheque can easily find themselves overspending and incurring unnecessary debt.
As the cost of living continues to rise, it is important for us to know where our hard earned money goes and what our major monthly expenses are. Creating a budget is a good way to manage your personal finance to ensure that you are not living above your means and that you are not caught short of money at the end of the month.
As financial fraud activities are on the rise in South Africa, we have to be careful not to fall for these ever increasing scams and cons. There is an increase in fraudsters using the names and logos of reputable lenders and banks in order to cheat you out of your hard-earned cash. Wonga.com is just one of the companies that these criminals are using to target consumers attempting to get your money.
These scammers send out unsolicited emails and SMS’s and sometimes even call people, promising loans and other financial products. But the victims end up having to pay various amounts of money over to the scammers, and never receive the loan funds.
Here are some top tips to help you avoid falling for a scam and ensure that if you are looking for a loan, you are dealing with the REAL wonga.com.
The end-of-year is the time when most people choose to relax, enjoy a little time off and reward ourselves for all the hard work we have put in during the year. Here are 10 tips on how to keep the festivities from turning into a financial hangover for you.
1. Plan your holiday spend
Set a budget and stick to it so you can keep track of everything you spend. It helps to identify where you can cut down in order to have more money available for special treats during the season.
Drawing up a budget is the first step. Stick to this if you want to remain in control of your finances. Be realistic about what you'll have left after your regular monthly expenses. List all your additional seasonal expenses and make sure you know where the money for all this will come from and where you should cut back if you need to.
We know that it might seem weird to have to upload your payslip or your bank statement to our website - especially if you're an existing customer and have never had to do it before. In August 2014 the Department of Trade and Industry (or DTI) issued proposed regulations, which will form part of the National Credit Act. These are aimed at standardizing the way credit providers assess the affordability of a loan for specific consumers.
If the proposed new Affordability Regulations are signed into law, the NCR will require ALL credit providers to collect these documents before granting consumers a loan. We don’t want to wait until the last minute to introduce these measures, so we’re busy testing various ways of collecting and processing these, while still trying to give you the best service possible.
With a less-than-expected performance from the South African economy this year, we’d all like to know how to save money and get the most out of every cent of our salary. Wonga.co.za, as part of its Money Saving Tips guide, brings you five of the best practical ways to make the most your Rand.
Think before you spend
Credit cards should never be used for everyday expenses like petrol, food and clothes. They should be used so we do not need to carry cash or to gain reward points for purchases as part of a loyalty programme. Credit cards are best used for emergencies, like when your car breaks down before the next pay cheque and taking the rest of the month off from work is not an option!
Remember that you pay interest on credit so will spend more on that purchase than if you had bought it for cash. Avoid paying interest where possible by making cash purchases.