Manage cash – Surviving the rising economic pressures

Given the increasingly high cost of living, many South Africans are finding it harder to manage their cash and as a result, struggling to make it through to their next payday. If you find yourself in a tight financial position these tips could help implement a survival plan.

Sell your quality second-hand items of value

All Cash Converters stores offer customers a simple, smarter, and more convenient way to make money without going to a traditional moneylender. Give your items a second home as opposed to letting them gather dust in your cupboard or garage. We’ve seen a significant increase in sales from our online and physical stores indicating a clear shift in the second-hand shopping industry – where consumers are more inclined to buy second-hand rather than shop brand new.

Limit your kilometres

A great way to save on your petrol consumption is to carpool with friends, colleagues and family. Some people have managed to negotiate a work-from-home option with their employers. Shopping online is also another way you can save fuel – visit our webshop here X.

Become a savvy shopper

Savvy shoppers come in different forms – they could be the bargain hunter who is always on the lookout for specials or discounts, the consumer who uses loyalty or reward cards to save groceries or the person who thinks second-hand isn’t second best. Find ways to get more for your money.

Learn how to manage your cash

Understanding where your cash is going monthly and paying off your debt are just two examples that we think can help you to manage your money more efficiently each month Shafeeka Anthony, marketing manager of JustMoney explains that if your debt is more than a third of your income and you find yourself taking out loans to get through the month maybe it’s time to ask for help from a debt counsellor. Reducing your debt will free up your cash for other things.

Working class South Africans have had to adjust their lives to navigate their way around the current economic pressures. We hope that some of these tips will help alleviate those pressures. If you’re looking for cash in hand, you can sell us your quality second-hand items of value or get a loan against them. We’ll give you cash on the spot!

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