Woman must be wary of blowing August budget
August is commonly referred to as Women’s Month, which culminates in the celebration of Women’s Day on the 9th.
“Women are often caught in a trap of spending on themselves without taking into account how much it is actually costing them,” says Eunice Sibiya, Head of Consumer Education at FNB.
“While it is unlikely that you will be convinced to completely cut out spending on beauty, it is a good idea to review expensive habits and see if there is a way to reduce costs.”
Sibiya says these expenditures can cost thousands of Rands every year and the end result is not always obvious.
First, she says, women need to understand what you are actually spending on your beauty regime.
Add together all the trips to professionals during the month which
includes your hair, nails and other beauty costs, she advises.
Women should also add up the amount of money spent on actual products and clothing.
“Compare this amount to money that you save every month or use to towards paying down your debt,” says Sibiya.
“There is not much point looking after your image now if you aren’t
looking after your future finances.”
– CAJ News
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