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Get Ahead of Year-End Expenses

How to Get Ahead of Year-End Expenses

We all know, and stress even just thinking about the fact that December and January are just around the corner, as this is the most expensive period of the year. Many factories and businesses close over the holiday season. People buy gifts, take annual holidays, and spend extra money on holiday treats, food, entertainment, travel, and luxuries – all expenses that very quickly add up to quite a sum of money that makes the average South African with an average income cringe. And then comes January.

December/January 2021 Extra Expenses

It’s almost become a tradition of sorts for January to feel like the longest month between one payday and the next. In a way, this is so, since many companies pay their employees earlier in December instead of at month-end, thereby stretching the time until January’s payday rolls around again. Nevertheless, January has its own set of extra expenses – school fees, school uniforms, books, bags, and stationery.

Those who have jobs in the formal sector are fortunate enough to receive an annual bonus that pays out in December or occasionally, in January. This will most certainly help with the additional expenses, incurred when the year draws to a close and immediately thereafter.

However, the COVID-19 pandemic has had an enormous impact on South Africa’s economy, employment, and lifestyles. More than ever before, South Africans will benefit by making their own plans to get ahead of year-end expenses.

Build Up Your Own Bonus

If you’re permanently employed and very self-disciplined, you may have managed to save additional money, but for many, December 2020 may be more challenging than usual. That is unless, of course, you act now to build up funds to cater for all the upcoming expenses. In effect, this means that you should start building up your own year-end bonus now – the sooner, the better.

It’s Never Too Early or Too Late

Although sooner is always better than later, it’s never too early or too late to start earning extra money – in your spare time or on a full-time basis, providing that you select the products that you intend to distribute with certain provisions in mind. As a freelance entrepreneur, consultant or agent, your product selection may hold the key to your financial success.

  • There should be a demand for your products.
  • Quality is always an important factor, since it’s productive to accumulate more money with repeat orders from a satisfied customer network.
  • Products should be affordable, which enables to you sell to a wide customer base, offering value for money.

There’s never been a better time than right now to prepare for this year’s additional year-end expenses. If you want to do so and even get ahead of the game, find an opportunity to earn and save extra money for when you most need it – December, the year-end, and January, the start of the New Year and its early financial commitments. As a distributor for Papillon, you can rest assured that you are offering your customers excellent products at prices that they can afford. This will not only afford you the chance to earn an extra income but also an opportunity to own your very own small business. Contact us today for more information.


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