From bond payments to home maintenance, Maya Fisher-French discusses the real cost of housing.
Watch the video to find out what she had to say about the #OneRandFamily’s bond and utility budget:www.youtube.com
Sbu,#OneRandFamily dad, realised that his bond payments are not the only cost that increased when the family upsized their house. Click for more:instagram.comSee this Instagram photo by @sanlam_group • 21 likes
"My lifestyle is going to change because of this experiment. I’ve even cut up my credit card!”
– Londi, #OneRandFamily mominstagram.com21 Likes, 1 Comments - Sanlam Group (@sanlam_group) on Instagram: “It’s been tough, but Londi hasn’t used any of her 7 cards yet. She’s 100% committed to…”
"Most people treat their credit limit as a credit target. That's the big problem" - Gerald Mwandiambira, Chief Strategist at SASI.instagram.comSee this Instagram photo by @sanlam_group • 16 likes
The #OneRandFamily learnt that the little things add up. A quick coffee here and a burger there cost them R2 420.53 in 3 weeks. Click for more:instagram.comSee this Instagram photo by @sanlam_group • 20 likes
“To the family, a supermarket trip is always a variable cost. They don’t use a shopping list and they have no idea how much individual items cost.” – Gerald Mwandiambira analyses the #OneRandFamily’s shopping behaviour and points out subtle ways that they could dramatically save money every month. Watch for
A few days before the end of the month, the #OneRandFamily realised that a crucial car payment had gone unpaid.
With a limited amount of coins left to their names, they were forced to take out a loan. Watch the video to see how the cost of credit shocked them.www.youtube.comIt’s the final episode: Sbu has to face one last giant bill and Londiwe gets creative in feeding and entertaining her family with just handfuls of R1 coins l...
"Relying on someone else's money is a slippery slope. I’ll avoid credit from now on.” – Sbu, #OneRandFamily dad. Click for more:instagram.comSee this Instagram photo by @sanlam_group • 21 likes
“Every month I have to assist my parents financially. They weren’t able to retire with a lot of savings. I don't ever want to be in that position". Click for more:instagram.com34 Likes, 1 Comments - Sanlam Group (@sanlam_group) on Instagram: “"We’re at that stage where we can afford to help our families – that feels really good.” – Londi,…”
“This time, I’m going to insure my makeup – I’m serious!”. Even the little things add up. Insurance safeguards you against surprise and unavoidable expenses. Click for more:instagram.comSee this Instagram photo by @sanlam_group • 13 likes
If you are struggling to find money to save, an expensive car is where that money could be hiding. Click for more:instagram.comSee this Instagram photo by @sanlam_group • 16 likes
Every month the #OneRandFamily put a lot more money towards their cars than their pensions. At the beginning of the National Savings Experiment, Londi, the #OneRandFamily mom, explained that, “people take you seriously when you have a nice car.” After this month, however, her priorities may have changed.www.youtube.comMeet the One Rand Family, the brave four that will be living the entire month of July on only R1 coins. The journey has now begun. The credit cards are locke...
"Saving money for a rainy day is a necessity, not a luxury. Anything could happen, so you need to be prepared.” – Londi’s most valuable lesson. Click for more:instagram.comSee this Instagram photo by @sanlam_group • 25 likes