MyMoney Online, Personal Finance with Warren Ingram

8 tips and tricks to cut your cost of living

pixabay.com, 2019

The cost of living in South Africa keeps on rising.

The Money Show’s Bruce Whitfield interviewed Warren Ingram, a personal financial advisor at Galileo Capital.

Ingram discussed ways to reduce lifestyle costs:

  • Get a solar geyser.

  • Arrange your transport differently (e.g. carpooling, ridesharing, etc.).

  • Investigate network options within your medical aid.

  • Cancel the loyalty program on your medical aid.

  • Review your cellphone contract and stop changing your phone every 18 months.

  • Shop for groceries differently (e.g. greengrocers and small retailers instead of national chains).

  • Change the way you watch TV.

  • Buy children’s school clothes from a clothing bank.

Don’ts:

  • Cancel your short term insurance (but do shop around for the best deal).

  • Stop saving unless you’re retired.

Dos:

  • Increase the share allocation of your investments.

For more detail; listen to the interview in the audio below.

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : 8 tips and tricks to cut your cost of living


Recommended

by NEWSROOM AI
Read More
Liberty is using Vitality without permission to sell their product! - Discovery

Liberty is using Vitality without permission to sell their product! - Discovery

Arabile Gumede interviews Discovery Life chief executive officer Hylton Kallner on The Money Show.

How to start saving and investing money

How to start saving and investing money

Unless you're über-rich, saving money is a must. But it’s not easy. Arabile Gumede talks to personal finance expert Warren Ingram.

'Get as much money offshore as you can as quickly as possible'

'Get as much money offshore as you can as quickly as possible'

It started with Steinhoff, then just kept going. South Africa is becoming uninvestable, warns consultant Nick Pitro.

Paying with a debit card? Don’t expect a refund on it when returning items

Paying with a debit card? Don’t expect a refund on it when returning items

Merchants are not allowed to process refunds on debit cards, warns consumer journalist Wendy Knowler.

Black-owned Africapacity Group offers to buy VBS Mutual Bank for R2 billion

Black-owned Africapacity Group offers to buy VBS Mutual Bank for R2 billion

The offer was unsolicited. Bruce Whitfield interviewed Matome Ratlabala, Chief Investment Officer at Africapaciti Group.

FNB targets townships to defend against Capitec Bank, TymeBank, Bank Zero

FNB targets townships to defend against Capitec Bank, TymeBank, Bank Zero

FNB is targeting unbanked township businesses with its financial products. Bruce Whitfield interviews GG Alcock ("KasiNomics").

Popular articles
Impact of new debt-relief bill will be 'severe'

Impact of new debt-relief bill will be 'severe'

The National Credit Amendment Bill aims to help indebted consumers earning less that R7,500 per month, restructure their debt.

Ramaphosa seems to be clueless now - Sikonathi Mantshantsha

Ramaphosa seems to be clueless now - Sikonathi Mantshantsha

Daily Maverick's Mantshantsha says the country has been waiting a long time for the economy to be turned around.

'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

Mail & Guardian investigative editor Thanduxolo Jika unpacks the Public Protector's legal battles.

Clamp down on unregistered 'security guards' near Woodstock's Old Biscuit Mill

Clamp down on unregistered 'security guards' near Woodstock's Old Biscuit Mill

Joint law enforcement operation after visitors in Cape Town complained of being coerced into paying R50 to park on the street.

[WATCH] 'I'm not trying to justify what she did,' Zephany Nurse in her own words

[WATCH] 'I'm not trying to justify what she did,' Zephany Nurse in her own words

Stolen from her mother's bedside as a newborn 22 years ago, Zephany or Miché Solomon as she is now known, tells her story.

Tributes pour in for 'approachable but private' design icon Carrol Boyes

Tributes pour in for 'approachable but private' design icon Carrol Boyes

The designer and businesswoman passed away on Wednesday night following a brief illness, her company confirmed.

SA announces visa waivers for four counties

SA announces visa waivers for four counties

Home Affairs Minister Aaron Motsoaledi says Qatar has also relaxed entry requirements for SA citizens.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.