As beautiful as South Africa is – it has its flaws. A prime example would be our slowly degrading economy. You may be struggling with the skyrocketing food, water, and electricity bills – however, Little Loans is here to help you. We decided to list 5 money saving hacks that you may not be aware of. Best of all, all of our advice is actionable. If you would like to find out more about ways to save money in South Africa – feel free to check out our “7-best money saving tips” article.
Don’t Let Banking Compromise Your Monthly Enjoyment
Bank fees, interest rates, and those esoteric Ebucks are all cause for stress. However, are you sure that you are with the right bank? After all, you want to get a bang for your buck, right? Of course, choosing the right bank is a difficult ordeal when everything they say is designed to sell you on their services. Little Loan underwent extensive studies, and we have some answers for your crucial question, which bank is best?
The Good, The Bad, And The Ugly
The studies involved various brand banking leaders. Including Absa, Capitec, FNB, Nedbank, and so forth. Through our studies, we evaluated each bank through pre-determined variables, such as credit, banking fees, and savings.
1. Banking Cost
If you regularly swipe your card, withdraw money, or visit the shops – chances are your banking fees are ridiculously high. There is nothing worse than losing a fair amount of money for no reason other than banking fees.
Our studies illustrated that in South Africa, the best bank to save on these fees Is Capitec, followed closely by Absa.
Also At some point, we all experience the never-ending battle of high-range interest rates. There is nothing worse than only just managing to keep the interest down. That is where these money saving hacks come into play. Throughout our studies, we found that when it comes to ease of taking out a loan, and interest rates Absa was leading the race – followed almost unanimously by Capitec.
Of course, if you need a loan – Little Loans is always here to help. We offer premium rates, better than any bank or financial establishment!
2. Choosing The Right Cell Phone Service Provider
South Africa has been indexed as one of the most expensive locations to buy cellular data, and airtime. If you are on your phone often for work, or even leisure – it’s frustrating. More so, when it seems to disappear without use! However, we would like to help you make sure you are with the right service provider for optimal enjoyment and savings.
One of the biggest problems when it comes to cellular service providers is the fact that they love to increase the prices, while we experience plummeting service and quality of the network. However, with these money saving hacks we will help you get the best value possible.
Our studies were conducted on over several service providers throughout South Africa. Unsurprisingly, Vodacom was one of the leading providers when it comes to cellular data, airtime, as well as other services. Not only do they offer more affordable rates than other service providers, but they also have exceedingly high network bandwidth for the best possible experience.
3. Save Money On Your Fuel Efficiency
This is a hot topic in South Africa, however, it is essential to talk about as money saving hacks. With petrol prices being as high as up to R13.56 per liter – filling the tank is a rather stressful endeavor. However, there are a few ways you can ensure your car gets the most out of each and every liter.
- Let them check your tyre pressure. In life, the smallest things occasionally make the biggest difference. The reason is when tyres are deflated, even slightly – it causes more resistance on the road. This leads to your fuel efficiency taking a dive.
- Cape Town has the worst-ranked traffic in the entire content. Of course, while sitting in traffic you watch your needle slowly sinking to that red petrol tank. We don’t know about you, but it’s a pretty horrible experience. These money saving hacks are all about making your money go further. Avoiding traffic at all costs is certainly a great way to get started.
If you would like to read more on how to save money on your fuel – check out this link!
4. Install A Nifty Phone App Called Zapper
When it comes to money saving hacks – it is not about cutting out everything enjoyable in life. Little Loans helps you find a balance between your comfort and affordability. Zapper is useful if you tend to frequently gallivant the beautiful wine farms of Cape Town or the majestic cities of Jozi.
The best part about this particular money saving hack is that it does so much more than save you money. Essentially, you are able to make payments from your phone by just scanning the QR code at a restaurant. Various establishments offer different discounts and benefits. The norm is R20 off your first purchase at that establishment. However, you can also earn coupons for additional savings.
5. Save On Your Electricity Bills
South Africa is notorious for load shedding, (ironically not a concept that is understood overseas). This gets frustrating, the pre-paid meters were meant to be the solution, right? Now, we just keep witnessing prices go up as with everything else in South Africa. If you wish to save tons of money in the long run – do the following:
- Make sure plugs are turned off at the switch when not in use.
- Turn the brightness down on large HD monitors.
- Turn off appliances when not in use.
- Don’t leave the lights on.
Little Loans is all about helping you make your money go just a little bit further. These money saving hacks should help you save tons of money in the long run. If you would like to learn more about how to make more money on top of your savings, be sure to check our guide on ways to make money online.