Why is traditional budgeting advice falling short for South Africans during Savings Month 2025?
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GUEST – Samantha Moyana - Debt Counsellor at National Debt Advisors
As living costs skyrocket, many South Africans are finding that traditional budgeting just isn’t enough. Sebastien Alexanderson unpacks why saving has become nearly impossible and what struggling households can do instead.
July is usually a time to talk about saving money, but this year, South Africans are just trying to stay afloat.
Households are being hit hard by rising costs: electricity bills are climbing by as much as 12.7%, water and sanitation charges are up 13.9%, and steep hikes in rates and taxes are sweeping across major metros. And that’s not all—thanks to Eskom’s new Retail Tariff Plan, some households are facing electricity increases of up to 80%, with added daily fees and capacity charges piling on the pressure.
As living costs skyrocket, many South Africans are finding that traditional budgeting just isn’t enough. Sebastien Alexanderson unpacks why saving has become nearly impossible and what struggling households can do instead.
July is usually a time to talk about saving money, but this year, South Africans are just trying to stay afloat.
Households are being hit hard by rising costs: electricity bills are climbing by as much as 12.7%, water and sanitation charges are up 13.9%, and steep hikes in rates and taxes are sweeping across major metros. And that’s not all—thanks to Eskom’s new Retail Tariff Plan, some households are facing electricity increases of up to 80%, with added daily fees and capacity charges piling on the pressure.