CAPE TOWN – With the rising cost of living and the festive season around the corner, personal finance management is becoming an increasingly top-of-mind priority for South Africans.
Andile Jonas, Head of Marketing at Momentum Financial Planning, gives a few financial hacks for consumers to not only survive the festive season without breaking the bank, but to also be deliberate about how they spend their money. He also offers a few ideas on how they can even save money along the way.
Host potluck style
Potluck refers to a communal gathering where each guest or group contributes a different, often homemade dish of food to be shared.
“Dining out can be very expensive, especially if you are hosting friends and relatives over the December period. Ask your guests to chip-in and you will find entertaining infinitely less expensive. It can also bring some celebratory creativity to the dining room table, as each guest offers a food choice unique to their tastes,” says Jonas.
Buy gifts ahead of time