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Yanga Mpolweni, My Story

Have a look at Yanga’s story, one of our popular submissions below, and email your story to MyStory@SoccerLaduma.co.za to stand a chance of being selected as the next winner and have a soccer star answer the questions you’ve always wanted to ask. 
 
This month’s theme is ‘life happens’. Tell us how having insurance or planning for unexpected events has helped you manage financially in times when you need it the most. Tell us your story in less than 400 words. 
 
Yanga Mpolweni, My Story 
 
Saving money is very challenging, but it is possible and can be achieved. I started off by simply writing down all my needs and wants, to be specific, what was necessary and unnecessary. 
 
Firstly, it took courage to stop some of the things I enjoy, but they were not a necessity in my daily life. Here is the thing, after you've managed that step, I guarantee you good things will come your way. The only thing that you need to do is to be ready for that moment because it's not just saving, but investing some of your savings too. 
 
Secondly, discipline goes a long way because you'll be tempted along the way, so here are some of the things you can do to help you. Make a list when you do your grocery shopping, and avoid shopping for things that are not on your list. Avoid credit cards and overdrafts. 
 
According to an article I read in one of the SA magazines, it is better to do your grocery shopping with a full stomach. They say that it will help you buy what you need and not base it on your cravings. 
 
Thirdly, try and use the 50-30-20 budget strategy. It's an old trick but it’s still working. 50% of your salary should go to essentials like your rent, car, fuel and insurance etc. If you finding it difficult to identify the essentials, here is the easy way. It is the bills you pay almost every month without much of change. The 20% is the savings part. Keep all your savings going because it will be helpful in future. The last 30% is for the fun things. All of the savings, planning and investing won't last long if you literally put an end to all the fun things. 
 
Coming back to my story, I cancelled my other bank accounts and stuck with a savings account, and decided to divide my account into two.  
 
It's working like magic. I've managed to survive on my debit card, without credit cards or overdrafts, and using a banking app has been amazing. I do everything in the palm of my hand in seconds.   
 
Email your story to MyStory@SoccerLaduma.co.za to stand a chance to have a soccer star answer the questions you’ve always wanted to ask. 

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