Malusi Gigaba's budget speech has come and gone and whether celebrities were paying attention is another matter entirely. After all, they do not live in the same world as us. Their lives are all glitz and glamour.
Briefly.co.za listened to how celebs spend their "hard" earned cash with the help of iol.co.za.
Chris was surprisingly down to earth about the value of money. He shared this sound bit of financial wisdom.
" Money has wings! If you don’t take care of the pennies, the pounds will elude you."
He budgets each month and tries to stay below his spend limit to increase his savings. At the moment he is renovating his apartment, doing a major overhaul and although it costs a lot it is adding value to his property.
Even when times are tough he likes to go to the movies, after all, he is an actor.
DJ Mo Flava
Like Chris, DJ Mo believes that having a financial plan is essential. He is extra careful with his money. The way he budgets is that he prioritises his commitments then budgets for how much he is willing to spend on leisure. He tries to stay within the budget.
His guilty pleasure is sneakers and watches, he loves his shoes and timepieces. This year he went big on a pair of sneakers which set him back almost R4000.
Jarred is a businessman and knows that you have to spend money to make money. He has only started budgeting now as his income had only recently stabilised. He tries to stick to it but spends some money on himself from time to time.
He makes sure his bills are paid before they're due and frees up the rest of his money to do what he wants.
His luxury spends are on health and beauty, he has a personal trainer, tailor-made diet and frequents an exclusive gym.
Musician Mr Mo knows that keeping a budget is important and that overspending can be disastrous. His key to keeping his money is self-discipline, sticking to the budget is key.
He reinvests his money into his property and believes that looking your best is important, so clothes are important.
Mr Mo has a special rainy day account which he, fortunately, has not had to touch but regularly adds to it when he some extra cash.
His biggest spend this year has been on clothing. His public image is vital to his career so he always aims to look his best.
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