South Africans share how much their groceries cost monthly
South Africans are forking out the big bucks for basic food items...
This just in, South Africans are spending over R500 more each month for basic food items compared with a year ago.
This is according to the latest Household Affordability Index, compiled by the Pietermaritzburg Economic Justice and Dignity Group (PMBEJD).
With higher interest rates and an increased cost of living, grocery shopping prices have also shot up.
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We decided to ask our listeners how much their monthly spend on groceries is. Share your insight below:
As expected, this fifth annual Summer Spending survey by short-term lender, Wonga, has found that South Africans will spend less this Festive Season, similarly to Black Friday.
According to this striking survey, households are planning to spend about R5,968 on “extras” over the December break, which is 11% down from last year.
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Furthermore, when it comes to finding more money to spend, nearly 40% will use savings, 28% will use their stokvel payout, and 36% will tap into their bonus.
A major concern is raised as many people plan to take out credit this Festive Season and very rarely does the credit get payed back quickly.
Although 77% of the population plan to spend time with friends and family around a braai, we know that people will be tempted to shop 'til they drop.
Here's your sign to be responsible with money and ask yourself, "Do I really need this?"
If you're anything like Stacey, you can always return something after having an oopsie at the checkout.
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