Skip Ribbon Commands
Skip to main content

Splurging, splashing out, shopping sprees. Let’s face it: there are few things more enjoyable than spending money. On the other hand, saving money is a bit of a drag, right? Well, not necessarily. With the right mind-set and these 10 tricks up your sleeve, you can certainly make saving money as enjoyable as spending it.

1. Make it look good

Imagine if saving could be easy and fashionable at the same time? With the Mna Nam, it can be. This National Savings Month, we’ve partnered with one of Africa’s most influential fashion designers to offer a way to make saving as easy as spending. The Mna Nam is a limited edition wearable that’s made for him and for her by iconic fashion pioneer, Laduma Ngxokolo. With a built in QR code seamlessly worked into the design, it’s a fashion accessory that makes saving as easy as a quick scan of a wrist. It’s linked to your WeChat Wallet, powered by Standard Bank, so you can make the most of your saving today to reward yourself tomorrow. Find out more.

2. ADDaBIT, save a lot

ADDaBIT is smart social saving platform where friends and family from all over the world can contribute money towards a shared goal – starting from just R50, with no penalties, no minimum payments, no monthly fees and no hefty deposit. It’s free and simple to join – just set up an account online, add a bank fund and add beneficiaries. You can create as many funds as you want, add as many beneficiaries as you’d like, choose a target amount or date. Meanwhile, Sanlam Investments will look after your money to ensure your nest egg continues to grow.

3. Play the numbers game

Sometimes it’s fun to pick a somewhat random number to save towards – one that means something only to you. Maybe it’s the birth date of your child: R2 010 isn’t that hard to achieve, right? Or maybe it’s your cell number: R82, then R354, then R6 342. You win! Arbitrary numbers trick your brain into thinking that you’re playing a game, instead of doing something ‘grown-up’ like saving.

4. Start a savings support group

Make your savings goal a group sport by getting friends or family involved. Perhaps you are all saving towards a dream holiday? Make that the subject of a WhatsApp chat group and share daily ideas on saving money to keep one another motivated. It’s also a great place to get moral support and a sense of achievement when you manage to resist the urge to spend. You could share inspiration with one another like pictures from exotic destinations to keep everyone’s eye on the prize.

5. Challenge someone to a ‘save-off’

Know a friend who’s also struggling to save? Perhaps your spouse is always nagging you to be better at saving? Set yourselves a challenge to see who set aside the largest sum or cut the most costs. You can either set a deadline to see who can save the most, or a set goal – e.g. who gets to R2 000 first. The loser washes the other one’s car, makes a special dinner or has to babysit the kids while the winner enjoys a night out.

6. Save small sums of money

Also called micro-investing, many people are actually finding it easier to save very small amounts of money regularly. So if R500 feels like a lot to put away, put R100 in a savings account here, R150 there, cash in a jar, etc. Soon you’ll see it add up without feeling like you are crippling yourself financially. With a tax-free savings account, you can start with just R250 a month without having to pay tax on interest, dividends or capital gains.

7. Draw up a list of (cheap) treats

It’s important to not let yourself feel deprived. In other words, to always have something to look forward to. Compile a list of ways to spoil yourself if you achieve savings goals, from a mini mani to a quick round of pitch 'n putt. As long as you keep your eyes on the greater prize, allow yourself a little weekly splurge. Even a decadent hot chocolate can help give you a sense of balance.

8. Make an event of it

Saving doesn’t have to be drab. In fact, it can bring people closer together and give you an opportunity to enjoy getting to know your family and friends even better. Instead of dining out, take turns hosting a supper club where everyone has to bring a tasty dish for less than R100. You could also start a clothes-swapping group, share DVDs or iTunes, or form a toy club where your little ones can take turns to borrow toys.

9. Reframe your thinking

Usually saving money means giving up enjoyable things, whether it’s your monthly dose of satellite TV or the habit of loading your online basket when a flash sale hits your inbox. The trick to not feeling deprived? Flip your thinking,. Less time on the couch equals more time to exercise. Less going out means more time with your kids, or more time to read more books. By being smart today, you’ll be rewarding yourself tomorrow.

10. Set a time-of-the-year challenge

Resolutions are not just for January. You can set a winter challenge (like saving on heating bills), a school term challenge (try to cut down on kids’ extra murals) or a birthday challenge (find inspiration in our kids party blog article). Or why not make 2018 the Year of Less Take-aways or the Year of Staycations?

If you’ve saved up a good amount and would like to chat to a financial advisor, call us on 087 350 9075 or find your closest BlueStar adviser.



The Big Budget Swap of 2016The Big Budget Swap of 2016 all have a different approach to budgeting and managing our money. See what happens when a young couple swaps budgets for a month., /blog/PublishingImages/header-5.jpg9/19/2018 3:06:15 PM0118443aspx86118 way we see it, it’s so much easier to tell other people what to do with their money, than it is to manage your own. Take one couple. Not just any couple. Take Theo and Jules. Then make that couple swap budgets for a month, and see what happens.
How Our Emotions Affect Our SpendingHow Our Emotions Affect Our Spending of us spend money to gratify our immediate needs. Find out how your emotions are dictating your spending habits, and how you can change it., /blog/PublishingImages/How_Emotions_Affect_Our_Spending_Desktop.jpg9/19/2018 3:06:14 PM0118446aspx78585 get a couple of days into the month and wonder where your money has gone? Most of us spend money unconsciously to gratify our immediate needs, without thinking of the consequences.

 Most Read



Sanlam Life Insurance is a licensed financial service provider.
Copyright © Sanlam