Tips on How to Spend Wisely

South Africans were under severe financial strain even before the Covid-19 outbreak and are now increasingly cashing in their long -term investments for immediate survival, this is according to a Debt Busters report from the first quarter of 2020. 

It is important for us to be mentally strong, plan ahead, prioritise on what to spend on and using resources efficiently is crucial to the financial stability for many families. 

A few tips on what you can do from the comfort of your home to save:

  • Always write a grocery list and stick to it
  • Join a lift club adhering to the COVID 19 regulations
  • Minimise car travels and find creative activities to do at home
  • Cook at home
  • Avoid unnecessary spending on clothing, shoes, make-up
  • If you must shop keep an eye and ear out for specials or promotions
  • Cancel subscriptions you won’t be using eg: Gym, DSTV etc
  • Move back home and avoid bills 

South Africans are revaluating their bills during the coronavirus crisis. The unpredictable nature of the Government regulations and this virus has left people changing their spending habits. 

In June of 2020, B Mavundza observed that “Although the lockdown restrictions are starting to ease, the pandemic continues to create major economic and financial distress for the South African economy and consumers alike,”  

It is for this reason that we encourage our readers to constantly find ways to manage their finances. Due to household income shortfalls it is advised that working together to ease the financial pressures in the household will assist in stretching the income coming in. 

Unconventional Means To Generate An Income during Covid-19

Opinion Piece

Nowadays, we live in a world where everything has to be instant from noodles to EFT’s. But have we perfected a means to create revenue in an instant as well?

It may be a new year however, the demons of the past still haunt us today. As much as we choose to live our lives, it is difficult to ignore the restrictions we are forced to live under due to legislation passed by the government which constantly changes due to the evolving virus that has plagued the world.

Which forces us to find different avenues to generate an income that will not only sustain our livelihoods but save our lives. A few examples of the ventures we could pursue are:

Sport Betting: If you are a sports fan with no idea of what to do with the knowledge you have garnered over the years and have money to spare, sport betting is the way to go. What makes this an option to consider is that the risk is completely dependent on the user, therefore if the risk is high so is the reward and vice-versa. Another feature is that bets can be customized according to your needs and preference. It is truly worth a shot if you have nothing to lose.

EasyEquities: If you want a stabilized approach to making money, investment in shares is another opportunity you could make use of. There is an app called EasyEquities that allows you to invest in shares either for short term or long term purposes from the comfort of your phone.

What makes investing in shares so attractive at the moment is that due to Covid ravaging through the stock market, most of the shares listed are either underpriced or underperforming and this creates the perfect conditions for you to invest. As they say, when there is uncertainty in the market that is the perfect opportunity for you to invest.

Forex: Another method that involves investment is Forex which is quite renowned for either making money quickly or losing it as quickly. However, as forex is based on investment in currency, it is especially risky on any given day but somehow the risk has heightened due to volatility of the markets caused by Covid-19. Although, volatility could either work for you or against you it just depends on how you maneuver the market. In this case, opportunity arises from chaos.

Youtube Channel: The most commonly used avenue in the world but least used in South Africa. Creating a YouTube Channel is easy, however publishing content that appeals to the masses is much harder than most people think but if you do find your audience, it can also be a rewarding experience. However, with this avenue investment in equipment will be essential to the success of your YouTube Channel. This avenue may take time to establish but once you get the ball rolling, it never stops.

Please be advised that all methods suggested are avenues that can be used to make money in a short amount of time but due to this, the risk increases in proportion.

However, the question we need to ask ourselves is were these methods born from necessity or was it just the natural progression of things to come? Is there really a way to make money instantly or is it just another scam we were taught to believe?

Are there any real contenders for the DSTV PSL title?

DSTV Premiership

Opinion piece

Mamelodi Sundowns is a symbol for South African football in the Champions League, the question is: has their dominance in the DSTV Premier Soccer League over the years rendered the league uncompetitive?

This year’s season hasn’t reached its halfway point but it is crystal clear as to who favorites the are to win the league: Sundowns. They  are always in conversations as one of the favorites with no one questioning their claim after one of the greatest comebacks last season.

This raises the question, are there any real title contenders in the league? And who can stop this force of nature from retaining their title this season?

One of the biggest surprises this season, however is Moroka Swallows whose form has threatened the Champions title reign with their performance propelling them into the Top 3 of the log.  

The most baffling aspect being the season prior, Moroka Swallows were in the National First Division. Could this be another Leicester City miracle waiting to happen?

Supersport United is another promising contender that Sundowns must fend off. They have proven that they can go head to head against the Champions with their last match ending in a draw.  

This season they look like a team with something to prove. Their recent form has ignited this title race into life.

Whatever happens though, Sundowns have set the bar high for the betterment of the league but have also reduced the quality of competitors as powerhouses such as Kaizer Chiefs and Orlando Pirates have proven how difficult it is to keep up with the log leaders.

Nonetheless, do these current title contenders have what it takes to end Sundowns’ dominance and ignite the competition in the league or will it be another Sundowns triumph?

*Views shared on this article are those of the writer and are not shared by Tshwifi and Ulwembu.