Dealing with the aftermath of festive season spending and paying for current necessities is tough for most of us, says Shafeeka Anthony, Marketing Manager of JustMoney.co.za.
"If you are always running out of money before the end of the month, then it's time to make some changes," says Anthony."The new year is an excellent time to inform yourself about managing your money and to instil some new habits.". Examine your bank accounts and credit card statements to establish where your money has gone. Being honest with yourself will enable you to see where money leaks occur. If you need help tracking your spending in future, download a money app.
Find ways to make extra money, such as offering freelance services like photography or graphic design, delivering parcels, or tutoring.Aim to boost your income with your current company by taking on more responsibility or asking for more compensation. Consider changing jobs. Many retailers that catered for low-income shoppers are now giving big-name brands a run for their money. Some brands have improved store layouts, offer more choices and stock specialist products.