Insurance Planning

Savings are important to your estate and financial well being. It is easier to save money than it is to make it so a bit of frugality can only do you good. At the end of the day, you might be completely financially free and enjoy a wealthy lifestyle. Cultivating good spending habits can be a bit of work. A strong determination to save successfully is obviously critical. But there are many simple everyday things that you can do to cut your spending, saving you thousands every year and affording you quality of life when you are no longer working.

If you listen to television and radio advertisements in South Africa today, the chances are significant you have heard some of the power saving tips Eskom has been spewing out. This was especially true in 2008 when we had all the dreaded "load shedding". Fact is, and this has been proven across the globe, that the "power saving tips" they inundate us with, actually work.

In addition to switching off your geyser at night etc, everyday savings can make a big difference in the long run as well. Use public transport wherever possible. The Gautrain is going to save commuters in Johannesburg a significant amount of money every year. Especially if the government implement toll roads along the N1 as planned.

If you must drive to work everyday, you probably own a car or motorcycle. Most South Africans do have either or both. You will need to insure those vehicles. Insurance planning is a good idea when trying to save some money to make your investments work for you. When I say "insurance planning", I'm primarily referring to comparative shopping. Making sure you are properly insured and not paying too much for your cover is something many people often overlook.

There are a multitude of companies out there that can assist you in making sure you are adequately covered for your vehicles and home content. Life insurance, as discussed on the previous page, can often be handled by affiliated companies. This could also qualify you for a preferential premium on one or both of your policies. Try and think ahead when comparing insurance companies and decide carefully what you expect at the end of the day.