Saving & Spending

Making good choices with money

Making Good Money Choices

We all have limited money, so we must choose carefully how to spend it. Saving means keeping some money for later instead of spending it all now. Good money habits include: paying for needs first, comparing prices, avoiding waste and saving regularly.

Example

Saving Strategies

Ways to save money: • Put coins in a jar every day (even R1 adds up!) • Wait before buying wants — do you still want it a week later? • Compare prices at different shops • Take care of things so you don't need to replace them • Pack lunch instead of buying every day R5 per day × 30 days = R150 per month saved!

Note

Remember

Saving is paying yourself first — before you spend on wants, put some money away. Even small amounts grow over time. In South Africa, many families struggle financially, so every rand counts. Smart spending and saving build financial security.

Key Vocabulary

SavingKeeping money for future use instead of spending it now

SpendingUsing money to buy goods or services

BudgetA plan for how to use your money

WiseMaking good, thoughtful decisions

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