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Small online steps to big savings

Small online steps to big savings

The online trading space offers an accessible and practical way for every South African with internet access to make savings and to add to their income.

“We’re not a nation of great savers” says Claire Cobbledick, GM of Gumtree SA, “but Savings Month in July gives us all a focus on what we need to do to fix that”. Gumtree is the country’s biggest online classifieds site and Cobbledick says there are some easy ways to use the site to reduce debt and build a nest-egg.

  1. Start selling

Unwanted or unnecessary items – old cellphones, clothing, furniture, baby goods that your kids have outgrown, sports equipment – can make you handy cash simply by listing a free ad. The average second-hand feature phone sells for R4,000, a decent condition baby stroller can get R1500, couches range between R500 and R2,500.

  1. Buy second hand

Smart shoppers save a bundle by buying high quality second hand goods on Gumtree rather than brand new ones, especially in short-term usage categories like baby items and kids’ sports goods.

  1. Ride share

Reduce your petrol costs by half or even three-quarters by ride-sharing. Check out Gumtree Services under rideshare to see if there’s a group already going your way or to list your own ad for free to set one up.

  1. Cash in on your craft.

Thousands of listers make tidy sums on Gumtree every day by selling their home-made goods like woodwork, clothing, lamp shades, cakes and much more.

  1. Be of service

You can also make money from any expert services you can offer in your spare time – repairing technology, handiwork, car repairs, tutoring, book-keeping.

Cobbledick says “once you have saved some money through these Gumtree routes, make sure you heed the lessons of Savings Month and immediately invest that money wisely in order to create a far bigger sum down the line for really important things like education, health, housing or retirement.”

 

 

Get It Magazine (Ballito/Umhlanga) – November 2018


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