Some people are paid early in December with January’s salary looking like it is a lifetime away,
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Overspending from the holiday season and new year costs such as school fees, uniforms, and books weigh heavily on the regular budget at the start of January.
Some people are paid early in December, while others, such as contractors and freelancers, typically have a hiatus (break) in income, making January a very lengthy month.
Putting in step to save, no matter how small, contributes towards what should be your goal - finance freedom.
Financial independence does not imply wealth; rather, it means having control over your finances and being able to make life decisions without being excessively concerned about the financial consequences.
"Financial freedom is about being prepared for whatever life throws your way," said financial expert and head of retail investments at Nedbank, Babalwa Nonkenge.
Throughout the holidays there is a way to arrive at the January payday in style.
Ester Ochse, product head at FNB Integrated Advice, provides tips on how to stretch every rand and start the year off well.
This is the ideal moment to take advantage of your rewards and loyalty schemes.
These typically pay out during the second week of January, so now is an excellent opportunity to take advantage of the additional income flow.
Continuing with the rewards programme concept, many rewards systems include freebies and incentives, which are distributed throughout December. Make the most of these.
New year's resolutions are always made at the start of a new year for a reason.
"This is the best time to include your financial wellbeing into your new year's resolutions.
"For example, this can be prepping meals instead of buying at the office every day. Even small changes make a big difference," said Ochse.
With the end of the holiday season, most stores launch a season of promotions to entice customers. Keep your eyes on these and you can score a deal.
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