HR Future published this article after the Department of Energy announced a decrease in pump price of all grades of petrol, the wholesale price of both grades of diesel, the maximum retail price of liquefied petroleum gas (LPG) and the prices of illuminating paraffin.
Wikus Olivier from DebtSafe says consumers must be aware that although petrol prices are decreasing, the South African economy is under heavy strain.
In a survey done by the company earlier this year, the statistics show that 51% of the participating respondents were not able to meet their minimum debt repayment requirements. 13% of respondents indicated that they couldn’t make ANY payment after the December holidays.
Consider every cent before spending. Before spending money on travelling or expensive trips and gifts, make sure you don’t have large financial concerns in the beginning of the New Year.
Plan ahead and use the extra cash that will be saved towards purchasing gifts rather than using a credit card. Take every financial aspect into consideration to ensure not to run out of money while away during the holidays, and that they don’t return to a ‘higher mountain of debt’ – debt that is newly acquired or expensive to pay back.
There is no question that a change of scenery is often needed, and travelling offers a perfect way to relax and refresh. Taking the following basic travel tips into consideration when planning any getaway can help you save much needed money in the long run. Allowing you to comfortably pick up where you left off upon your return with minimal impact on your financial wellbeing.
Another fuel price reduction closer to the holidays is expected.
Wikus gives helpful tips to save fuel when travelling…