Tips on how to be festive and stay sane

With the holiday season upon us, financial experts are urging South Africans to not just be thrift with their spending but also to plan for any eventualities that could be caused by crime or any other unpredictable event, like accidents.

Taking Care of Business’ Reskill Leader, Nicky Edwards, is advising Yires to be smart with their December bonuses and not allow the month of December to spoil their healthy financial habits, which they’ve built up throughout the year.

In the clip below, she also says that it is advisable for people to use cash instead of cards.

 

Edwards is also advising Yires to make a gift list and stick to it.

She believes this season of goodwill should not come at the expense of one’s mental and financial health.

“Write down everyone’s name and what you are going to buy for them. When you stick to your list, you won’t overspend and also be creative. Make homemade gifts and make memories by creating experiences for loved ones and take advantage of sales and discounts, especially in January. If you have school going children – make sure you put money aside for their school uniforms, stationery and lunch boxes,” she adds.

The Head of Group Corporate Affairs at Assupol, Velmah Nzembela, says while travel insurance is essential for vacations, it only addresses a small part of holiday safety.

“To truly protect your loved ones, it’s crucial to review your funeral plan, life cover, retirement savings, and other long-term financial protections before you set off on your travels,” Nzembela advises.

“The increased risk of accidents, heightened travel stress, and potential financial disruptions make it an ideal time to ensure your plans are up-to-date,” she adds.

South African Tourism is on the other hand advising South Africans to explore the country and save.

It’s urging Yires to visit small towns and opt for self-catering.

“Pack some snacks, bring a cooler box, and head to places like Hermanus or Parys, where you’ll find affordable spots to cook your own meals. You’ll save big on food, and you can braai, chill, and do your thing at your own pace.”

Visiting some of the country’s landmarks is also another hack that SA Tourism says will guarantee cash-strapped and high cost-weary South Africans some cash in their pockets.

“Some of Mzansi’s best experiences cost nothing (or close to it). Hike Table Mountain for free and take in those breathtaking views, chill on Durban’s Golden Mile, or explore Pretoria’s streets when the jacarandas are in full bloom. Even in Joburg, places like Constitution Hill and the Apartheid Museum offer affordable ways to dive into our rich history.”

DIY safaris, camping, sharing rides are other secret weapons recommended for a healthy bank balance after the festive period.

“Safari tours can be pricey, but who needs a guide when you can be your own game ranger? Most national parks like have excellent self-drive options. Download a wildlife guide app, pack your snacks, and hit the road for your own wildlife adventure. Plus, camping or staying in SANParks’ budget accommodations will stretch your rand even further,” adds the country’s tourism agency.