Insurance Policy

Check with your insurer that they have adjusted the value of your motor vehicles.

Insurance companies will only pay on the current value of your vehicle which depreciates year on year. They don’t adjust this automatically so you need to ask for an adjustment.

Women are statistically better drivers than men. So they should drive the more expensive car in the family.

Petrol

Lift clubs to drop the kids and get to work. Sharing your car will save a lot during the month.

Electricity

Converting your house to a “Pay as you Go” meter has great savings potential. Not only for the cost differential but because you can manage your usage much more closely realising where the saving potential is.

Medical Aid Plan

Is it the most appropriate plan for you? You can easily over insure by choosing comprehensive plan if you lead a healthy lifestyle. The big costs are mainly in hospital, so make sure that your plan has unlimited cover for this. Out of hospital expenses are generally smaller and are paid from your savings account. If you are a low user you do not need excessive benefits for out of hospital expenses.

Joining a wellness program which most plans offer has some value. If you focus on getting fit and healthy, you should rely less on your medical aid.

Credit card

Use your credit card like a charge card. There are no transaction charges at the till when using a credit card.  Pay your credit card up every month in full by the due date and you avoid interest charges as well.

Cell phone

Make sure you have the right contract. Analyse your usage and choose a more appropriate contract. Data bundle if you use data more often. Keep a closer eye on usage during the month. Saving on expenses will need a collective effort from all members in the family. Keep a close eye on where the money is being spent. Remember – If you can measure it you can manage it.