How to save money on electricity

How to save money on electricity

The cost of electricity is up a staggering 753% since 2007 leaving the average household in South Africa with a massive burden when it comes to the cost of powering their homes. So, just how can we save money? We've got solutions for you!

power lines
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In the latest episode of The Money Podcast, Justin Harrison and Dawie Bester tackle electricity prices and discuss which appliances use the most electricity in our homes. Some of these may come as a very big surprise to the average person.

This episode also provides actionable tips and advice on how you can reduce your electricity bill simply by changing your consumption habits and being aware of how you use electricity.

If you’re frustrated with your rising electricity bill, then this episode is bound to help you and provide a whole bunch of clarity when it comes to understanding power consumption.

Listen below - it's a 15-minute listen.

Exactly how much it costs to run an electric blanket or boil a kettle in South Africa? Justin Harrison's done the maths - check out his TikTok videos below.

@moneytribe21 How much to use an electric blanket in South Africa #fyp #moneytribe21 #southafrica #electicblanket #electricconversion #eskomsepush #eskom #power ♬ Ketseng - Felo Le Tee & DBN Gogo & MJ
@moneytribe21 HOW MUCH to BOIL A KETTLE in South Africa ??? #fyp #southafrica #moneytribe21 #eskom #eskommustfall #money #budget #electricity ♬ Salary Salary - Robot Boii & Mellow & Sleazy & Soul Revolver

Meanwhile, if you've been feeling stressed out about the sharply-climbing food prices, then The Money Podcast will give you some actionable tips to save at the till-point.

With the cost of groceries having skyrocketed over the past few months, many consumers are left feeling confused and afraid of what the future holds.

Justin Harrison and Dawie Bester explain why the cost of general foodstuff has risen so sharply, and provide a view on where things are going in terms of future pricing around the basic food items.

They also debunk some of the biggest myths around how to save money on groceries, as well as provide some actionable tips and advice on how you can stretch those Rands around your grocery budget.

So, if you have been feeling stressed out about the food prices, then this episode is certain to help you make sense of things whilst giving you some actionable tips.

Click below to listen now, or subscribe via your smart phone's podcast app, and listen there later.

Staying with the rising cost of living, everyone wants to know when the price at the pumps will return to more affordable levels.

Below, Justin Harrison and Dawie Bester explain the reasons for the fuel price hikes, and the taxes associated with our fuel prices in South Africa. They also simplify and break down the historical fuel price cycles.

This is an explosive discussion on one of the most important topics facing our country, and Justin and Dawie do not hold back on their opinions. Listen below - it's a 15-minute listen.

Justin Harrison has advice on how to work out your fuel consumption below, via his TikTok channel.

@moneytribe21 How to work out your fuel consumption #fyp #moneytribe21 #ticktocksouthafrica #petrol #fuel #petrolcost #fuelcost #fuelcalculator ♬ My Boo - The Sing-A-Long Kids

More about Justin and Dawie:

Justin Harrison and Dawie Bester are two self-made entrepreneurs on a mission to help South Africans become better at money. They're involved in multiple business ventures and share a common passion for financial education, self-improvement and simplicity, and these are the driving force behind all their ventures.

Justin Harrison is the author of eight personal finance books; he’s a serial entrepreneur, investor, wealth creator, popular TikToker and one of South Africa's thought leaders in the financial technology space. He is a passionate South African, father of three and avid sportsman who believes deeply that South Africa is one of the best countries in the world.

Dawie Bester is also a personal finance author, personal finance coach, entrepreneur and investor, and has been on the forefront of the digital finance revolution for the last decade. He's a father of two, an avid sportsman, and believes that South Africans can prosper with the correct motivation and direction.

Catch them weekly in The Money Podcast with practical, down-to-earth advice which you can take and action immediately. New episodes are released every Wednesday. If you would like to reach Justin and Dawie directly, please visit the links below:

YouTube
Website

We have dozens of episodes of this very popular personal finance podcast. If you're a new listener, find all The Money Podcast past episodes in the full channel below.

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