The Boodle Blog

Holiday happiness..

Can you believe we are almost at the end of October already? That means we are close to the end of the year and holiday time! After a tough year, days of sunshine, blissful beaches and relaxation could not come sooner!

With it being literally just being a few weeks until the summer holidays, planning for a summer holiday should begin now and so should saving for it!

Follow our tips on how to save and have a great end of year break without breaking the bank...

Summer saving...

It's never too late to save! Open a saving account for the sole purpose of putting money away for your holiday. Whether it be towards petrol, a food fund or spending money for your kids- put any extra you can spare away and by the time December rolls around you'll have a nice little lump sum! If you have kids, get them into the saving habit as well by saving up their pocket money for entertainment while they are on holiday!

Plan,plan,plan...

Start thinking about your holiday- where do you want to go and what kind of holiday do you want? Once you have decided on the type of holiday you want- you can budget for it! Decide on where you want to stay and when you want to leave and then begin to do your research!

Ready to research...

Once you have decided where you want to go and when- do your research! If you are planning to fly, do a thorough search for the cheapest flights- certain dates and days over the festive season are cheaper so take advantage of that! Choose a budget option for hotels to save money and look for package deals, they often work out cheaper, so check out specials on the internet, newspaper or local travel agent. When you find a deal that suits you and fits your plans- book it! The closer it gets to the holiday season, the more expensive it becomes.

Budget it...

Once you have decided on your holiday location, you can start budgeting! Work out a budget for your trip - just like home, plan a budget for your trip. Decide how much you want to spend each day on meals, sights, souvenirs, and plan in advance. You might save money by eating picnic lunches from food at the supermarket rather than eating at a restaurant every day. Buy drinks and snacks from the supermarket and take to the beach, instead of buying there and spending a fortune!

Ways to save...

Another way to save on your holiday is sharing! Families can get a saving on holidays by renting a holiday home and sharing the costs with other families of friends and relatives, creating a group holiday. It's also a wonderful way to keep the kids entertained!

Another way to save is to go on holiday AFTER the big rush! You can then take advantage of January specials and have a holiday at half the price!

This month Boodle is running a super awesome campaign where 3 lucky people could win up to R1500! Tell us your favourite money themed song and stand in line to get lucky! Enter on Facebook or on Twitter

Saving in your sleep...

17 October 2012 08:05 by Boodle Dude // Tags: , , , , , , , // Comments (0)

Saving doesn't need to be a drag... you can save every day without even trying! Check out our tips for saving with a smile!

Shopping smartly...

If you are a shopaholic with a wardrobe bursting at the seams follow these tips to shop smarter for your clothes! Buy versatile items, such as tops and trousers that can be mixed and matched into different outfit, day or night, for work or play! Try buying clothes a season ahead. For instance, buy summer clothes at the sales at the beginning of autumn. Take advantage of sales ad check out local factory shops for reduced clothing-especially for the kids!

Gift it...

Be savvy when it comes to giving presents! Take advantage of sales and stock up on gifts when the price is good. Stock up and use throughout the year. Instead of spending alot on flowers as gifts, rather give pretty pot plants- they are less expensive and last much longer! Ditch buying expensive cards and make your own, it's also a great activity to keep the kids entertained!

Drinks dilemma...

Sick of spending too much cash on drinks after work or with friends ? Check the specials! Find out when bars and restaurants have 'happy hour' when drinks are offered at reduced prices and look out for drinks specials in your area!

Dining dish...

With the rising price of food, taking the family out for dinner has become an expensive affair! Take note of special offers restaurants have and take advantage of them! Before you order, take note of the daily specials. Find out if there are any 'kiddies' nights' when children, usually under the age of 12, can eat for free or at a reduced price!

Don't waste your hard earned cash on expensive salads and sandwiches every day at the office! Make your own lunch! Leftovers can easily be packed in for work the next day, and with many offices having a microwave, you can even enjoy a hot lunch.

Instead of buying mineral water, cooldrinks or juice, rather fill a bottle at home and take it with you AND it's healthier!

Addicted to snacking? Buy in bulk! It's cheaper. Buy sweets and snacks in bulk or when they're on sale at the supermarket, and try to avoid using vending machines.

Save on your cell...

Find out about special rates from your cellular provider. For example, if there are off-peak hours when it's cheaper to send an SMS and make calls. If you have a contract, find out if you qualify for free minutes and when you can make use of them. To prevent making accidental calls from your cellphone, keep the keypad locked!

This month Boodle is running a super awesome campaign where 3 lucky people could win up to R1500! Tell us your favourite money themed song and stand in line to get lucky! Enter on Facebook or on Twitter

Bank it...

We live in the digital age and this means everything is at our fingertips! Book a holiday, buy shoes, find a job or do your banking all from the comfort of your bed!

Online banking has revolutionized how South African's manage their finances. No more long bank queues- you can sort your cash in a flash!

But with the ease and convenience of online banking also comes scams and thieves that can sometimes find a way to steal a buck or two!

Check out these facts and tips on how to become savvy and safe while banking online...

Scam savvy...

There are two key ways thieves can access online bank accounts are phishing and password theft. With a phishing scam you receive a hoax email purporting to come from your bank. The scam tells you to click on a link in the email – this link takes you to a fake website that resembles your bank’s. You type in your security details, thinking they’re secure, and unwittingly pass them on to thieves. Be careful of these kinds of emails! It's a very common scam.

Thieves can also steal your password by tricking you into installing a program on your computer that records what you type, so when you next log onto your online account, the program secretly records your password details. It then sends them to a thief over the internet.

Think it...

Using good old fashioned common sense is the best protection against phishing scams. Don’t click on any links in emails that say they’re from your bank. Instead, type your bank’s full website address into your browser. If you want to double-check if a message is genuine, give your bank a call. When in doubt- ask!

Secure it...

When you doing your online banking make sure it's a secure link You can identify a secure link by making sure you see 'https' instead of the usual 'http' at the start of the address line of the website you are accessing, and by checking that there is a closed padlock icon on your browser's status bar. That ensures the data passing from your computer and the bank is protected!

When you are logging in, some banks use a pop-up keyboard (which changes every time you use it) to prevent key-loggers from determining your PIN code. It is important that you use this keypad, rather than your keyboard to type in your PIN. This keyboard doesn't light up as you type in your code, which also prevents someone from looking over your shoulder to get your pin!

Protect it...

Make sure your computer or laptop is protected with a good security software programme and anti-virus software. Keep them all, along with your browser, up-to-date so that you have the most protection online. If you on a wireless network at home, make sure you have activated the security settings on your wireless router to make it secure and prevent others accessing it!

Never disclose personal details, such as your password, on email or over the phone unless, of course, it is one you have agreed with your bank for telephone banking. If you received a call, or email, from your bank which you weren't expecting treat it with suspicion, regardless of the apparent name of the organisation contacting you.

Access it...

Avoid accessing your bank account from a public computer or unsecured wireless network. If you do use a public computer, never leave it unattended when logged in and always log out properly when you've finished your banking session. Also be careful not to store your pins and passwords on your computer!

Stay safe online Boodlers!

This month Boodle is running a super awesome campaign where 3 lucky people could win up to R1500! Tell us your favourite money themed song and stand in line to get lucky! Enter on Facebook or on Twitter

Ditch the debt

Can you believe it's already October? 2012 has flown by and the end of the year is just around the corner! 

We know it's been a tough year, with the rising price of food, petrol and everything else in between, so if you are in debt, you are not alone!

If you want a clean slate-free of debt- in 2013- follow these great tips to get out of debt and start fresh...

Face up to it...

If you are in debt, don't hide from the problem- face up to it. Even if you are only R500 short every month and it doesn't seem like alot but it does accumulate and you could soon find yourself having to incur more debt to pay off your debt. Do something about it right away before the problem gets even bigger. Nip it in the bud!

List it...

It may seem scary but write a list of your debt so you know what you are dealing with. List all your debt with the exception of your home loan, monthly rent and car repayments (if you have these!) Write everything down: how much you owe, who you owe it to, and how much they want from you every month. Arrange your debt from the smallest amount to the largest! Start small so it doesn't seem impossible!

Deadline it...

Set yourself a deadline. Make a promise to yourself that you will try your absolute best to pay off your debt within the time you have set for yourself. If you don't meet it, don't be too hard on yourself- life happens!

Budget it...

Write down another list of your income, then your monthly fixed expenses (things like your bond, food, school fees, car installments, insurance etc) and then finally your non-essential expenses such as entertainment, petrol etc. Then once you are done with that deduct your expenses from your income and write down the figure and then you can see how much extra cash you have to use to pay off your debt.

Plan it...

Once you know how much debt you have and how much extra money you have to pay it- plan it! Start with the smallest amount first (don't take on more than you can manage!) as it's always encouraging to see how you're making progress. Stick to your plan to pay them all off systematically. If you receive money unexpectedly or get an increase, pay off the smallest debt completely and then focus on the next one!

Close it...

While you are paying off your debt, make sure you don't incur more! Close off those tempting store credit accounts, especially if you don't use or need them! Remember cash is king.

And remember...

Once you have paid off your debt, make a conscious decision to try stay out of debt! Live within your means and don't spend what you don't have!

Good luck!

This month Boodle is running a super awesome campaign where 3 lucky people could win up to R1500! Tell us your favourite money themed song and stand in line to get lucky! Enter on Facebook or on Twitter