Chris Jaftha Picture: Supplied
Johannesburg - Now that the Budget speech has come and gone, The Star asked some celebrities about their spending habits, if they believe in saving and how they splurge.

Dancer and TV Personality Chris Jaftha

TS: What is the one lesson you have learnt about money?

CJ: Money has wings! If you don’t take care of the pennies, the pounds will elude you,

TS: Do you have a monthly budget? How do you go about keeping to it?

CJ: I do but it changes, due to my saving habits. I budget enough for my monthly expenditure and try to cut down from there so I can save more.

TS: What are the essential things you spend your money on?

CJ: Right now, I’m renovating my apartment. It’s a major overhaul so I’m spending my money on increasing the value of my property as well as new furniture.

TS: What is one guilty pleasure you will not give up, even when the rand is low?

CJ: Movies! I’m an actor, so I’ll always find a way to watch a movie at least it won’t break the bank.

TS: Do you believe in saving? If so, do you have a monthly plan?

CJ: Yes, I do. My monthly plan is to save as much as I can and better than the previous months.

TS: What has been your biggest splurge this year?

CJ: Renovations and furniture.




Radio DJ Mo Flava

TS: What is the one lesson you have learnt about money?

MF: You need to have a plan for your money. We all strive to make as much as we can, but having no plan can lead to you wasting money. I get money coming in all the time, so I’m extra careful with what I do with it.

TS: Do you have a monthly budget? How do you go about keeping to it?

MF: I prioritise all important commitments, then work out how much I’m saving and how much I’m spending on leisure. I’m generally within the budget.

TS: What is one guilty pleasure you won’t give up, even when the rand is low?

MF: Buying sneakers and watches, regardless of inflation or whether or not the rand is weak or strong against major currencies.

TS: Do you believe in saving? If so, do you have a monthly plan?

MF: Yes. I save a portion of every income stream I have.The portion depends on the amount of money coming in. Saving gives you a safety net, but it also allows you to afford high-cost items because you would have built a bank of money.

TS: What has been your biggest splurge this year so far?

MF: Sneakers! R3999 is the most expensive pair I’ve bought this year. The overall amount I've spent on sneakers so far this year is around the five-digit mark!

Business Owner Jarred Doyle

TS: What is the one lesson you have learnt about money?

JD: It comes and goes, especially as a business owner. Cash flow is very important.

TS: Do you have a monthly budget?

JD: I do now because my income has become more stable. In entertainment and entrepreneurship, it takes time for you to get a steady and consistent income. I have a budget now and try to stick to it, but I spoil myself when I want to.

TS: How do you go about keeping to it?

JD: I pay many thing before their due, and then I’m allowed to do what I’d like with the rest and any added income that comes in.

TS: What are the essential things you spend your money on?

JD: Besides my car and home, I love really healthy food. I also spend a lot on skincare and my workout with a personal trainer and private gym.


Musician Mr Mo

TS: What is the one lesson you have learnt about money?

MM: Stay within your means, avoid unnecessary expenditure and debt. If you’re wise about where you prioritise your money allocation, it can multiply. If not, the opposite will happen.

TS: Do you have a monthly budget and how do you go about keeping to it?

MM: Yes. Self-discipline is key when it comes to me sticking to my planned monthly budget, hard as it is sometimes.

TS: What are the essential things you spend your money on?

MM: Property, fuel, travel, daily living essentials, random family emergencies if need be, oh, not forgetting data!

TS: What is one guilty pleasure you won’t give up, even when the rand is low?

MM: Clothes.

TS: Do you believe in saving? If so, do you have a monthly plan?

MM: Yes. I do put some money away (savings and investment accounts) monthly for rainy days, which I do my best not to touch unless absolutely necessary.

TS: What has been your biggest splurge this year so far?

MM: Clothing. I recently went ham on buying clothing items for my upcoming shoots and appearances. Looking good, for me, is good manners, and I do believe that people address you based on how you show up looking in a space.