Mon Dec 26 2022 07:53:07 GMT+0000 (Coordinated Universal Time) - QikTruck Media
We are all looking for ways to save money on our bills, especially in South Africa where the cost of living can be high. Taking control of your finances and learning how to save money on your bills can be challenging, but can be done with a little bit of effort. With that being said, here are some top tips for saving money on your bills that can help South African households.
Making a budget is an important first step in saving money. Knowing how much money you have coming in and what expenses you have each month helps you structure your finances better. A good tool to use is the MoneySmart budget planner available on the Financial Services Board’s website. This will help you to determine how much money you need for essential items, such as rent and groceries, and which areas you could cut back on in order to save money.
Consolidating your debt can be a great way to save money and take control of your finances. Moving your credit card, loan, and store card balances to a lower interest rate credit card or loan can help reduce your interest costs, so you can start paying down the actual amount of debt faster. It’s important to shop around and compare credit cards and loans to ensure you get the best deal.
Having a rainy day fund for unavoidable expenses is also a great way to save money. Start putting money aside each month for any unexpected costs, such as an emergency vet bills, car repairs, or job loss. That way you won’t end up having to rely on debt to cover such costs. Look for high-interest savings accounts or scams, as these usually offer higher returns than a regular saving account.
Insurance is designed to protect you financially in the event of an incident occurring that you can’t cover yourself. It is important to shop around for the best deal, as there are many different insurers in South Africa and each has different rates and coverages. ConsumerProtect provides great information to help you make an informed decision as to the type of insurance you need and which company to use.
The South African Government is keen to lower energy costs for households and provides offers to take advantage of. Make sure you are getting the best deal on electricity and gas by taking advantage of the Bargaining Power division of Eskom. You can also check your current usage online to make sure you're on the right tariff.
The cost of running a car in South Africa can be expensive, from petrol to insurance, road tax and more. To save money on car costs, consider taking public transport or car-pooling for short trips, or look for car-sharing services to make use of in your area. Alternatively, QikTruck can provide on demand truck and driver hire service for any awkward jobs that need a commercial vehicle.
Check your bills regularly and contact your service provider if you feel that you're being overcharged or that your bill is too high. Your service provider may be able to provide you with a discount or an alternative plan that is more cost effective. Don’t be afraid to ask your service provider to waive any unnecessary fees charged. You can also shop around for better deals and use MakeThrifty, an online service that helps you to compare products, insurance, and services to make sure you're getting the best deal.
Saving money on your bills isn’t an overnight task, but if you work at it you will soon start seeing results. Start by making a budget and consolidating debt, and then move on to the other strategies outlined above. All the strategies can help you take control of your finances and save money on your bills, which is key to South African households.
When considering the top tips for saving money on your bills, QikTruck should be an option to consider. With an on demand truck and driver hire service, you will save time and money when it comes to moving items, whether it be furniture, building materials, bulky or awkward items. QikTruck also offer special discounts and promotions, so it's always worth checking their website before booking a service. Booking online is easy, you can select the size of truck you need, the priority of your delivery, insurance requirements and more.
With the above tips taken into consideration, South African households can reduce their bills and take control of their finances, ensuring that they are managing their money better and ready for any expenses that may come their way.