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What Saffas Are Cutting to Save in 2018

───   00:00 Fri, 05 Jan 2018

What Saffas Are Cutting to Save in 2018 | News Article

A recent BusinessTech poll asked South Africans what they were most willing to cut from their monthly budget to save money in 2018.

Topping the list was entertainment and eating out, as well as ‘vices’ like alcohol and cigarettes, which accounted for 31% and 16% of the vote, respectively.

In-line with the creeping economy, the cost of everything – from food, to movie ticket prices – have shot up in the last year, making even a small family trip to the mall a costly affair. The biggest portion of respondents were willing to let this go.

Meanwhile, government has clamped down hard on vices, with 2017’s sin tax raising the price of cigarettes and alcohol by 6.7% and 8.5%.

With 11% of the vote each (though differing by only 14 votes), respondents said that they would cut spending on domestic workers and gardeners, or on subscription services like DStv or Netflix.

BusinessTech

How are you cutting back to save? Tell us by voting in the poll on the landing page of the Holiday Blog.

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