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You spot them at the tills in the grocery store; diligently unfolding used shopping bags to hand to the teller. At work, you run into them in the kitchen. While you’re thinking about that burger you’re going to order for lunch through the food delivery app, they’re carefully stacking the fridge with homemade, healthy, will-last-till-dinnertime lunches. They’re next-level recyclers. They're eco-conscious pre-planners. And they know a thing or two about staying focused on the end goal. They’re just like those who work their finances the Wealthsmith™ way and make the most of every rand.

Both the eco-conscious and savvy money savers know that sticking to good habits today will ultimately leave the world a better place for future generations. Here’s what they have in common:

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They start small

Sure, your end goal may be to drive an electric car, live off the grid and make your own cheese, but small, simple changes are also effective. Think about re-using plastic containers and glass jars. Make your own filter coffee. Use rechargeable batteries where possible. Savvy savers apply the same theory to their monthly budget. They start by saving every month. Even just R200 can add up over the long term with the help of compound interest. Or, they put the money they’d normally spend towards takeaways and fast fashion, (but it was 50% off?!), toward any debt they’d like to pay off.

They recycle

The eco-conscious have perfected the art of recycling; from plastic, light bulbs and clothing, to reusing dodgy-looking vegetable off-cuts to make a killer stock. They’ll find a way to recycle (almost) anything. Savvy savers, on the other hand, also have tricks up their sleeves. Once they have tackled debt, they redirect the money that was used to settle debt towards their savings goals. And they’ll find any excuse to put away whatever extra they have, no matter how small. Think of it as financial recycling, in a way.

Lots of small, manageable changes
can make a big difference in the end.

They focus on the future

Welcome to the out-with-the-old, in-with-the-new throw away society. But – and here’s the good news – it doesn’t have to be that way. Our eco-conscious friends choose the eco-route every time, in every situation. They stand for sustainability. And they know their everyday choices affect everyone’s future. The same can be said of allocating part of your monthly salary to future expenses. Think emergency fund, school fees, severe disease cover, and retirement savings. It’s about living for today, with tomorrow in mind.

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They are smart about plastic usage

You probably knew this one was coming. The thing is, though, just as you can’t avoid buying plastic every time you go to the store, (hello container filled with double cream yoghurt), it’s just as tricky to avoid using credit cards on spur-of-the-moment purchases, (especially if there’s a limited-time-only-sale on flights to Mauritius). But, if done sensibly, using your credit card can boost your credit rating. A good way of doing that? Settle the full outstanding balance – on time – every month.

They respect their resources

You open the tap. Water runs out. You daydream about the weekend. Oh, I wonder if Sibs will be at the party? OK, stop. Close the tap... The eco-conscious are serious about respecting natural resources. Grey water? Yip, they’re on it. 2-minute showers? Obviously. JoJo tanks? Definitely. Then there are our savvy savers who use less than 100% of their salary every month. Because using more than what you have is the quickest route to Debtville. And once you’re there, there’s no quick way of leaving.

So, whether the resource is water – or your salary – it’s good to look after it, because you never know when it might run dry.

Ready to see how you can become a savvy saver? Call us on 0860 22 33 90 or find your closest BlueStar adviser.

 

 

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