Make your money last longer
- 5 Months Ago - 2023-06-17 07:44:00
Mignon du Preez, the group marketing, public affairs, and sustainability executive at Old Mutual Namibia, says household budgets have been squeezed due to increasing food costs. The recent repo rate increase by the Bank of Namibia has exacerbated the situation. Du Preez made these remarks while providing insights in an article on discovering financial creativity to overcome challenges related to food prices.
According to du Preez, it is crucial for consumers to leverage their resourcefulness and employ strategies to make their money go further in light of escalating inflation. She also explores practical steps that ordinary Namibians can take to overcome these obstacles and regain control over their finances.