New year, brand-new budget

New year, brand-new budget
New year, brand-new budget

It’s 2021 – a fresh start for you and your finances. Reviewing or writing a budget is the best place to start. Use our free budget planner tool. But first, here are some of the benefits of having an up-to-date budget in place.

1. Your most important costs are accounted for first

Having a budget is just another way to get your priorities straight. Make sure that having a roof over your head, water and electricity available to you, and your major financial commitments such as vehicle finance or loan repayments are front of mind when it comes to budgeting.

2. Get real about groceries

You can buy convenience but it costs more. Reduce your daily, weekly or monthly supermarket spend by shopping smartly. Plan meals, compare per kilogram prices and avoid last-minute treats that take their toll on the budget. Or you can plan for spontaneous purchases from takeaways or convenience foods stores – that way you know how much to spend and can enjoy it without worrying about being a reckless extravagance.

3. Budget for emergencies

Here’s how to start an emergency fund, a vital part of every budget. Saving a little bit every month will save the day for you and your family in the highly unlikely but totally possible (almost predictable) event of some devastating unexpected cost occuring.

Budget for

4. Enjoy your money

You work hard for it. So, don’t hide what you most enjoy spending money on, rather factor whatever it is into your budget. Sports and hobbies can get expensive. The latest tech, data and TV entertainment costs a lot. Adventures and activities with your favourite people don’t always come cheap. They do say too much of a good thing is bad for you – but a regular, affordable amount of what makes life worth living for you every month is sensible. So, ensure you have included it.

5. Plan and then just live

Once you’ve used our free budget planner and you know how much you’ve got to work with, life is infinitely easier and more enjoyable. You know when to say “yes” and when to say “no, thank you”. You worry less about your family’s needs and your financial wellbeing. You can live freely, knowing you’ve got your stuff together!

You can check your financial wellbeing by taking our quick and easy quiz.

Stay up to date while in debt review in 2021

New year, brand-new budget
Stay up to date while in debt review in 2021

A new year can bring many changes and communicating anything new is so important. Octogen clients don’t have to do the debt review journey alone, but it is a two-way street. It is up to you to stay up to date in debt review. You must keep us in the loop – and remember that debt counsellors are always available to update you.

Here’s a list of three things to always keep in mind. If you have any changes regarding debt review to report in 2021 or simply want an update from your debt counsellor, please:
– Either call 086 011 1453 or 086 111 3967 and ask for Client Services,
– Or email with your ID number for reference.

1. Keep contact & personal details current

Call or email Octogen if you … move residences; your postal address changes; you get a new phone number; you start using a new email account; your work details are different in 2021; or even if you get married.

Update Details

2. Check your balance anytime at all

Call or email Octogen anytime to … check the balance on your consolidated debts. You should always have an idea of where you are in the debt review process in terms of payments. This will help you stick to your goal of paying off all your debts and joining the Debt Free Club!

Debt review balance

3. Always tell us about your troubles

Call or email Octogen for advice if you … lose your job, get divorced, become widowed or anything happens to you that might affect your ability to stick to your debt review payment plan agreement with the courts.

Disaster strikes

Stay up to date in debt review and set some financial goals for 2021. Start by taking this easy quiz.