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How to Save Your Own 13th Check

Let’s be honest—December is expensive. Between festive celebrations and school expenses for the new year, it can feel like there’s never enough money to go around. But what if you didn’t need to rely on an employer’s bonus? What if you could create your own 13th check?

With some planning and a little discipline, you can! Let’s break it down.

Step 1: Divide Your Salary by 10 Months

Here’s a simple strategy: Instead of spreading your salary over 12 months, plan your budget over 10 months. The extra amount you set aside becomes your personal 13th check.

💡 Example:

  • Monthly salary: R9800,00
  • Divide by 10: Save R980 every month.
    By the end of October, you’ll have R9800 ready to use for year-end expenses.

It’s a straightforward way to avoid year-end stress.

Step 2: Can’t Save That Much? Start a Side Hustle

If saving a 10th of your salary every month feels out of reach, don’t worry. Adding a side hustle can make all the difference. Here are some practical ideas to boost your income:

  1. Sell What You Don’t Use
    Go through your home and find items you no longer need—clothes, electronics, or even furniture. Sell them on platforms like Facebook Marketplace or Gumtree.
  2. Turn Skills Into Income
    Are you good at writing, graphic design, or tutoring? Offer your services online through platforms like Fiverr, Upwork, or even your local community.
  3. Start a Small Business
    If you have a hobby like baking, crafting, or gardening, turn it into a small business. For example, bake cookies for special occasions or sell handmade items.
  4. Odd Jobs Add Up
    Babysitting, pet sitting, or running errands can bring in extra cash without a huge time commitment.

Step 3: Automate Your Savings

Make saving as easy as possible by automating it. Set up a monthly debit order into a dedicated savings account. That way, the money is saved before you even think about spending it.

Why Start Now?

The earlier you begin, the less you’ll have to worry when December rolls around. Whether it’s gifts, travel, or school fees for the new year, having that extra money will help you start 2025 on the right financial foot.

So, what’s stopping you? Start today and take control of your finances—your future self will thank you.

 

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