10 Ways In Which You Are Throwing Money Away [Part 2]

Becoming more money savvy isn’t something that happens overnight. It takes careful planning and extreme prioritising, and you have to do it day in and day out. A great habit to learn is to become less wasteful.

In this week’s second part to this article, we look at the other five common ways we are throwing money away every other day.

6. Stop being ashamed of using coupons, etc.

Yes, it is a little embarrassing to keep up the queue behind you as you get your coupons or discount vouchers scanned. Luckily, technology simplifies the process these days and it is quick and easy to use money-back options off your royalty card or smartphone apps. However, often it is not so much a case of fearing the potential disgruntled customer behind you, than it is about forgetting to use these discounts available to you.

So:

  • Always swipe your royalty cards.
  • Save slips that give you cash-back or discounts.
  • Plan every shopping trip so you remember to take your loyalty cards, slips etc. AS WELL AS shopping bags. Having a less wasteful approach to spending is also helpful to the environment.

7. Stop buying ready-made meals

Sure the occasional take out or ready-made meal is a lifesaver but if your fridge is full of ready-made meals or if you are getting take out every other day, you are wasting money. If you learn to cook effectively you can make cost-effective, healthy meals at home.

So:

  • Plan the week’s meals in advance and shop accordingly.
  • If time is an issue, prepare meals over the weekend and freeze them.

8. Stop buying containers

Why are you still buying the containers for the things you always have to buy like cleaning products, coffee, spices etc.? You get exactly the same amount of exactly the same product when you buy refills but it costs a few rand less, and it is more eco-friendly.

So:

  • Save your containers and refill them.
  • Shop for larger size refills and save even more.

9. Stop wasting electricity

With the electricity prices going up it is also a good time to look at how much power you are wasting. And don’t forget the small things, like those lights that are burning for no reason, using the wrong bulbs, chargers, or appliances switched on but not used.

So apart from making all the larger cuts, also:

  • Use energy efficient bulbs throughout your home.
  • Unplug all chargers when not in use.
  • Switch off your printer, microwave, etc. when not using it.

For a list of the best ways to save on electricity wastage, click here.

10. Stop living on credit

If you are living on credit you are losing a lot of money every month on interest. And it is a vicious circle isn’t it? Every month you have to use more and more credit because your cash flow becomes less and less.

So:

  • Tackle your debt.
  • If you can’t manage your debt, get help!

Debt Rescue can help you take back control of your debt and pay what you can afford.

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We look forward to the opportunity to get you debt-free!