Counting your cents? Here are tips on how to get through Januworry

January, or Januworry as many South Africans refer to it, can be a tough month financially. 

After splurging on Christmas gifts and festive season partying, many people find themselves strapped for cash and counting down the days until their next payday when February comes around.

For many parents, they are left with little in the bank to even buy their children’s stationery or school uniforms. 

But with some careful planning and budgeting, you can make your salary last and avoid unnecessary stress. 

Here are some tips to help you get through the long month.

Create a budget

Track your spending: Keep a record of where your money is going. This will help you identify areas where you can cut back.

Prioritise essential expenses: Rent, utilities, groceries, and transportation are non-negotiables.

Allocate funds for discretionary spending: Entertainment, dining out, and other non-essential expenses should be limited.

Cut back on expenses

Reduce dining out: Cook at home more often. Homecooked meals are cheaper and healthier anyway.

Limit non-essential purchases: Avoid impulse buys and unnecessary spending.

When you head to the grocery store make sure you make a shopping list and stick to it.

Make the most of your income

Look for discounts and deals: Take advantage of sales and promotions. Grocery stores often have great deals this time of the year.

Sell unwanted items: This is a good time to get rid of things around the house that you don’t need.

If you've had that treadmill for years and never use it, then get rid of it!

Declutter your home and earn extra cash by selling items online or you can have a garage sale.

IOL Lifestyle