The Big Stretch: Making your Rands last longer
For most students, money will always be in question. Some of us might have part-time jobs, others might get an allowance from their parents. Either way, it is up to you to make your Rands stretch until the next pay day. Here's a few tips on how you can make it last: - You can start off by packing lunches and making food at home as opposed to grabbing a take away every day. Sure, it might take a bit longer, but would you prefer time-consuming food or money consuming food? - Stay away from sales. We all love seeing the words '50% off!'. I know it's hard to avoid shops like that, but think of it this way: if you see a shirt you didn't budget for going for R200 and it's marked down to R100, you aren't saving R100; you are spending R100, because it was an item you wouldn't have bought in the first place. - Shop around. Experts suggest that by shopping around and comparing prices, you'd be surprised at how prices differ in certain supermarkets. - When buying something, rather save up for it than buying it on credit. A good credit record is always good to have but buying on an account will probably cost you more money due to the interest rate every month. - Organize lift clubs or use reliable public transportation, and make sure your car is always in good condition. This way you could cut down on fuel and maintenance costs. We are living in such a high speed world, where everything has to be done immediately. Saving money will take up some time regarding planning and preparing, but it will only benefit you in the long run.