Who remembers the date that lockdown started in South Africa? The national lockdown started as a 21-day lockdown on the 26th of March and is now steadily on day 54. The COVID-19 pandemic undoubtedly turned civil society on its head – social distancing, working from home, and stringent hygiene regulations have become the order the day.
On a more serious note, the impact on the economy, businesses and household incomes are undeniable. It’s a time of uncertainty because no-one knows wit certainty when normal life will resume or how life after Coronavirus will look like. Having healthy savings is a privilege that most South Africans can only dream of having. Saving all the coins you can during this time would be the best thing to do right now, for those who are in a position to do so. Here are some money-saving tips for lockdown:
Create a new budget
Your lockdown budget will not be the same as your regular budget; the most prominent factors are that your entertainment and commute budget in lockdown will be considerably less. Expenses like beauty treatments, weekend trips and even mobile data will be lower because lockdown means we’re living on the basics. Drafting a lockdown budget will ensure that you know exactly how much you spend and as a result, can know how much to put away and save.
The entertainment, aesthetic budget as well as luxuries funds you can put away and save for a rainy day.
Review your monthly subscriptions and debit orders
Pay close attention to all your monthly subscription services that you don’t need during this time. It would be wise to cancel subscriptions that you’re not currently using. Also, have a look at your debit orders and find out from the service provider which ones you can temporarily stop and resume at a later stage.
The only subscription you need is your Netflix account to beat boredom and consume the freshest content.
Shop online – even groceries
Doing all your shopping online, from grocery essentials to winter fashion items, will save you a lot of money. Shopping online at your leisure will eliminate impulsive spending because all your purchases are carefully considered, and unlike at a brick and mortar store, there’s less stimulation. Use Pick ‘n Pay’s scheduled grocery delivery system to map out a thorough grocery list that you can set to receive weekly or monthly.
Cook more than you have take-aways
Our favourite fast food delivery apps officially resumed operations at the start of lockdown level 4. As convenient as fast food is, it’s better for your budget to cook at home more than ordering in. Limit the times you order in and instead cook. Try out the viral TikTok recipes and make cooking a fun activity.
Turn your lights off
As simple as this one sounds if often something we all forget. Save on your electricity bill by switching off your lights during the day and using as much natural light as possible while working from home.
FNB clients who have a healthy eBucks balance can save some coins by using their eBucks to buy electricity.
Claim from COVID-19 relief funds available to you, where applicable
If you qualify for any of the COVID-19 relief funds, then apply. You can easily apply for COVID-19 relief online without leaving your home.
Click for more info about the available Coronavirus relief: