Money MattersUncategorized

Practical Ways to Save Money for Students 

By April 21, 2020 May 7th, 2020 No Comments

how to save moneyNavigating student life is tough, especially when you’re on a tight budget and you can no longer put in those extra hours at your part-time job due to the effects of Coronavirus. Fear not, though. We have some tips and tricks to share to help you make ends meet with minimal sacrifice.

Don’t pay too much attention to ‘best before’ dates

Best before dates really are a guideline in terms of when the specific food items in question will be at their freshest. You only have to be extra vigilant if the item has an ‘expiry date’.

There are several incredible discount stores scattered around Johannesburg that specialise in the sale of food and essentials that are either close to, or just past, their best before dates, such as Dismart in Edenvale, and the Best Before Clearance Store in Sandton. You can save up to 60% on goods if you choose to explore either one of these.

Sign up to receive emails from your local stores

The best and fastest way to learn about the latest in-store specials and discounts is to sign up to receive email updates from your favourite local stores. Not only that, but you might also gain access to exclusive benefits and coupons in doing so. A simple, yet effective way to save money.

Join loyalty programmes

Loyalty programmes make it possible for you to earn cash back every time you spend. The great news is that the vast majority of South Africa’s major stores offer them, including Checkers, Pick n Pay, and Dischem, to name a few.

Buy your treats at the beginning of the month

Budget a specific amount for treats and snacks, such as chocolate bars and crisps, and buy them all at the beginning of the month. Use plenty of restraint for the remainder of the month, ensuring that you make them last all the way through. If you eat them all in one week, avoid buying more – and perhaps use the remaining weeks to kick the craving for sweet and salty indulgences for good!

Ensure you’re making the most of the best possible deals

When was the last time you compared car insurance quotes to see if you’d be in a better position if you decided to switch providers? Or the last time you compared cellphone providers? A simple switch at the right time could save you hundreds of rands every month.

Stay cash-savvy and keep these handy tips in mind throughout this period of economic strain and you will make it through to the other side having sustained minimal damage to your bank account. Here’s to the healthier, happier times ahead.

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