Balancing and Stretching your Budget During Tough

Balancing and Stretching your Budget During Tough Economic Times The re’s no doubt th at we’re goin g th rou gh tou gh economic times as a count ry at the moment ; and the famil y bu dget will prob abl y be the hardest hit durin g this time .

It’s therefore important that we take careful steps in managing our expenses. The good news is that it’s possible to find some breathing space by putting a few variable expenses under the microscope. Save on groceries

Now, we’re not suggesting that you take a militant approach to your family’s meals and start serving up plain crackers for dinner. Draw up a shopping list and do the following: • Consider using online grocery shopping apps. Yes, they charge a small delivery fee, but you will stick to your shopping list and not be tempted to add any extras to your shopping cart. • Put off buying luxuries and personal indulgences until things improve.

Reduce your entertainment budget

Having fun as a family is important in building a family identity and creating memories. We can build a family bond without breaking the bank by following the tips below: • DSTV, Netflix, Showmax and the rest. Review the number of entertainment services your family subscribe to and the data it uses. Agree with them to keep the one or two you all use most frequently. • Focus on spending meaningful and fun times together by playing board games like Monopoly, 30Seconds, etc. They are great for teaching important skills such as verbal communications, interacting with others, learning to share and waiting your turn.

Once you have started following these tips, track your savings and stay on course. Most importantly speak to a financial adviser about the best ways to save for the things that really matter to your family. Go to www.oldmutual.co.za to speak to an accredited Old Mutual financial adviser today.

Old Mutual Life Assurance Company (South Africa) Limited is a Licensed Financial Services Provider

YOUR FAMILY’S JOURNEY TO FINANCIAL SUCCESS STARTS NOW

Through all of life’s ups and downs, you want to know that you and your family are prepared and able to realise your dreams and goals.

With 175 years of wisdom, we understand the challenges that families face. Our financial advisers can work with you to create a financial action plan that meets your demands for today, and maps the success for your future.

Talk to us about financial success for your family.

Call us on 0860 60 60 60 or visit www.oldmutual.co.za to speak to a financial adviser.

175 YEARS OF DOING GREAT THINGS

Old Mutual Life Assurance Company (SA) Ltd is a licensed FSP.

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