Women need to be clever when it comes to their finances. More so than their male counterparts. The reason for this is simple. Women, still, don’t earn as much as men, have longer gaps in employment due to child rearing and caring for aging relatives, and live longer than male peers.
All of this means women need to take a keen interest in their money and planning for their future. No one else can do it for you, so you need to be the one making the decisions, putting that money away and looking after your future self.
One day, your future self will thank you for putting measures in place to look after yourself. These are just some of the ways you can start spending less and saving more.
Show your roots
It’s time to embrace your natural hair colour. Skip the trips to the salon and start showing your roots. Take some advice from an endlessly chic French model and author of How to be Parisian Caroline de Maigret: “Do not dye your hair, or if you do, only in your original colour to highlight it, or to hide any grey. Either go all grey or no grey hair. Salt and pepper is for the table.”
No, not the kind you’re thinking about. DIY manicures and pedicures. Missing out on salon appointments can save you thousands of rands over the course of a year. Simply buy some affordable nail polish and do what you need to do at home. Invite some girlfriends over, make a day of it and suddenly you will feel pampered instead of cheated.
Skip the gym membership
There are plenty of ways you can work out without ever heading to the gym. Go for walks or jogs around your neighbourhood, watch a yoga DVD in your lounge or lift weights in your garden. It is easy to save money when you’re not forking thousands of rands over to a place you hardly ever visit.
Pack your work lunch
The most simple and effective way to save some cash. Taking lunch to work every day can easily mean a saving of between R150 and R250 each week. You could quickly and easily set up saving accounts, like short term investments, where you can deposit this money. By the end of the year, you could have enough saved to buy an airplane ticket to your dream holiday location.
Make other plans to see your friends
You don’t always need to meet up with friends at the bar. Choose to see your friends for a hike up a nearby mountain or walk around a park, meet up for a pamper session or simply get together for a chat at your home. There’s no need for your social life to dent your pocket.
Kick the bad habits
Drinking, smoking and eating out. These are all favourite activities for many people. But they are rough on your pocket and on your waistline. Ditch these bad habits and your wallet, and favourite pair of jeans, will thank you.
Importantly, now that you’ve made these changes to your habits, you need to put this money away. Save and invest in your future self, now. No one else is going to do this for you.