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8 tips and tricks to cut your cost of living

30 July 2019 8:36 PM
Tags:
Warren Ingram
The Money Show
Inflation
Bruce Whitfield
Insurance
Transport
Medical aid
Cost of living
Fuel levy
Personal finance
Galileo Capital
investments
Tv
saving
loyalty programme
groceries
rising cost of living
fuel levy increase
fuel levies
Carbon Tax Bill
Carbon Tax Bill passed
living costs
living cost
carbon tax
solar geyser
cellphone contract
clothing bank
short-term insurance
share allocation
Personal finance expert Warren Ingram discusses ways to reduce your monthly expenses.
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.

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


30 July 2019 8:36 PM
Tags:
Warren Ingram
The Money Show
Inflation
Bruce Whitfield
Insurance
Transport
Medical aid
Cost of living
Fuel levy
Personal finance
Galileo Capital
investments
Tv
saving
loyalty programme
groceries
rising cost of living
fuel levy increase
fuel levies
Carbon Tax Bill
Carbon Tax Bill passed
living costs
living cost
carbon tax
solar geyser
cellphone contract
clothing bank
short-term insurance
share allocation