Celebrity money savings tips


There tends to be a misconception that if you’re a celebrity with tons of money, you tend to spend your earnings recklessly. While there are countless of examples of celebrities who have spent outrageously, some have exercised caution and frugality when dealing with money. Alina Hardcastle chats to South African celebrities about how to save and spend your finances wisely.

Maps Maponyane

Maps Maponyane – television presenter, actor, and Investec brand ambassador

Even as a child, I was very aware of the value of money and that you have to manage it carefully. It’s important that you are mindful of the future, find ways to make your money grow and invest it wisely as opposed to spending every cent on quick, often expensive indulgences.

Saving your money is something that I strongly advocate. Even at school and university, I saved money every month. Having some savings will be useful if you need a deposit on a new home or to see you through difficult financial times, such as retrenchment or illness. It’s also best to set up a debit order and automate this process, so you can’t save one month and skip two. Basically, use what you need, save the rest.

Secondly, set a budget and cut down on unnecessary expenses. Live within your means. Know exactly how much necessary expenses you have every month, for example home loan, car repayments, cellphone bill etc. Try to cut down on luxuries such as three cappuccinos every day, buying lunch or expensive clothing. Also, do your homework on insurance costs and make sure you have the best deal available that meets your needs.

Thirdly, invest your money. Do your research and start investing, even if it’s just a unit trust that requires a minimum monthly payment. It’s also never too early to start thinking about your retirement, so look into the options and put something in place.

Lastly, remember you can’t take your money with you. You work hard for it, so make sure you plan, and save for, holidays and experiences that will enrich your life. If you can, make a difference by contributing funds to a charity close to your heart – whether it’s an animal centre or a bursary fund for less privileged children.


Sibongile Mafu, Sports Anchor – KFM Breakfast Show

I try to save about 10 percent of my salary every month. Fortunately for me, I have a few streams of income so I can be consistent about this. I don’t consider that money to be my money so it makes it easier to part ways with it for savings. I have very set goals as to what I’m saving for. Do I want to travel? Buy a car? Save for the future?

I also keep a good ol’ piggy bank. Any silver coins I have, I put in that piggy bank. I managed to save R4 000 in 12 months by just doing this. Its small amounts so it doesn’t feel as painful. It feels like a game – you feel very proud of yourself when your piggy grows. Download apps like 22seven that track your spending – they’ll help you make better budgeting decisions.


Jade Robertson – Just Jade Blog

Well one thing that I’ve learned [is that] people usually have less money than what they appear to have. I feel that if you have it, you wouldn’t feel the need to flaunt it. The best money advice that I’ve ever received is that you should save 10% of everything you earn. Whether it’s 10% of your salary, money earned for the odd [job], or cash gift that you received. It all eventually builds up and when you think about it 10% of something isn’t a lot at all as this amount is easily spent on food or clothing. Keep at it and it will become a habit.


Kia Johnson – 2000FM radio presenter and TV presenter

Money is an emotion, which means there’s always a chance you will get swept away to spend it. Treating money with awareness and respect is what helps me get through each day and not paying attention to marketing gimmicks. You have to turn a blind eye when faced with that and just say no. Once you’ve learnt the respect part the rest is easy, you will find that when you are faced with an item the question will automatically arise where you ask yourself “do I really need it?” Another way to ensure you’re being smart with your cash is to set short and long term goals and in doing so you will restructure the way you spend and be a little smarter ensuring that when that rainy day comes you have some money set aside.

Having a budget is easy but sticking to it can get difficult because anything can happen, especially when you have children. When you add the rising costs in our economy you could get overwhelmed and feel a sense of panic, but if you put some cash aside should you have a few good months of income or you’ve taken on a second job, that will help prepare for the tougher months.


Keenan Arrison – actor

There has always been a huge issue around celebs or that people in our industry aren’t in the habit of saving and spend recklessly. I think this trend is changing though. My biggest advice would be to keep your daily spending under control. Saving is key.

Amy Samuels

Amy Samuels – ENCA sports reporter

I think the biggest temptation for me is when I have cash in my purse. And as frustrating as it is for people when they ask if I have loose change, carrying no cash helps me fight that urge to spend. Every month I draw up a budget based on things I’d like to save for short-term and long-term. When I do go over my budget, I compensate for it the next month. It’s okay to spoil yourself every now and then. I like to think of it as a healthy diet – never too hard on myself when I have the odd “cheat day”. If it’s really difficult to save, do it with a few friends, this puts pressure on you to keep and help you stay focused.


Azuhl -hip hop DJ

I’ve come to realize that it’s important to be conscious [about] what you spend your money on. It’s a case of needs vs wants in my case and not to over extend myself beyond my means on a daily basis. We live in a highly unpredictable financial climate in South Africa currently, in my opinion. We should teach our [children] from a young age the importance of budgeting, investments and the value of money coupled with the importance of trying to live a debt free life. Ayn Rand said: “Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.”


Roxane Hayward -actress

I, personally, do not find any joy in buying something that I do not absolutely love. And it’s not easy for me to fall for something just like that – ask my boyfriend, ha-ha. There’s nothing worse than that feeling in the pit of your stomach as you think to yourself, ‘Ah, I didn’t really need that. What a waste.’ So my tip would be to ask yourself these questions – do I absolutely need this thing? Is it going to add value to my life? Will I still be as excited about it next week? Could I spend this money somewhere else on something more important?

CW Photo cred. Riz b photography

Carl Weber – comedian

As a full time comedian a fixed salary is not assured on a monthly basis. So, one needs to be especially well informed about both short and long term investment plans. I absolutely have to set a budget for myself, essentially no matter how much I make in a month I pay myself a salary, anything in excess rolls over in the new month. In our current economic climate we need to be as penny wise as possible. Comedy is my passion but without a financial plan, however small, I couldn’t pursue it.


Vincent Ntunja – Gugulethu model and SA basketball player

Well, these days in our world of instant gratification, it’s more important than ever to be able to stay focused on saving money any way you can. I know it is hard but it’s important to sit down with your money once a week/month for a “money date”. During this time, update your budget, review your accounts and track your progress against your financial goals. Like any relationship, if you want your financial life to improve, you must spend time with your money.

Budgeting is one of the biggest keys to really managing your money. Many people are often turned off by the simple term budget. They associate it with restrictions and a lot of hassle and headaches. They may feel like they are too poor to budget or have other budgeting excuses. However, budgeting can actually save you money, and allow you to have more to spend by helping you to make the most of your money. Your budgeting style can determine how successful you are at budgeting. I do set a budget for myself and if I exceed it, then I tell myself I should repay it so everything can balance.


Chester Martinez- SA dancer

One of the first things I learnt as my pay cheques got bigger, is that with more money comes more problems. Also, a bigger pay check doesn’t always equate to better quality of life. As a freelance artist living and working in London, I do earn an adequate amount of money, but by no means am I ever balling, as the cost of living in London is insane. My top tip for economic comfort is to be mindful of all your monthly expenses. Make sure you have a clear idea of what you are likely to spend that month. I have had to become rather adept at this because I as a freelancer I tend to have to make my pay cheques stretch between jobs.

Always know how much you have to spend and what you have to spend it on. With that knowledge you can be sensible in regards to spending and adjust accordingly. We live in a time where people aspire to make as much money as possible so that they can buy as many things as possible. I personally do not believe in spending frivolously. How you spend money should be in line with your personal passions, interests and dreams, not an aspirational materialism. What you earn should be used as a tool to create the life you dream of living.