13 June 2025
Whether you’re dreaming of owning your first home, adding extra to your bond repayments, or upgrading your existing property to increase its value – it all starts with smart saving. But how do you balance everyday expenses with long-term property goals? According to Leonard Kondowe, National Manager at Rawson Finance, the answer is to budget with purpose.
“It doesn’t matter what your property goal is – a deposit, bond savings, or renovations – the key is consistency,” says Kondowe. “Small, smart changes to your monthly routine can make a big impact over time.”
Here are Kondowe’s top five budgeting tips to help South African households move closer to their property dreams.
Try the 50/30/20 rule
The 50/30/20 budgeting rule is a simple and effective way to take control of your finances:
- 50% of your income should go to essential needs like food, housing, and transport.
- 30% is for wants – those little luxuries and lifestyle spends.
- 20% goes straight to savings – including your property deposit or bond prepayment fund.
“Applying this kind of structure to your monthly budget makes sure you’re always building towards something meaningful,” says Kondowe. “Even if it’s just a few hundred rand a month, consistently putting money away gets you closer to your goal.”
Turn clutter into cash
“We all have stuff lying around that we haven’t touched in months,” says Kondowe. “Why not sell it and put the money into your savings?”
Whether it’s baby gear, an old phone, or furniture you no longer need, clearing out your cupboards can boost your savings fund while decluttering your home at the same time. (Just be sure to take appropriate safety measure when meeting buyers and receiving payments.)
Monetise your talents
“Saving doesn’t always have to come from cutting costs,” Kondowe adds. “You can increase your
income too – especially by doing something you enjoy.” Think baking, tutoring, crafting, or offering your freelance skills online. Turning a hobby into a hustle can make your property goals far more attainable – and add a lot of personal satisfaction along the way.
Track your spending like a pro
Kondowe advises all his clients to start tracking where their money actually goes each month.
“You’d be surprised how much disappears on small expenses,” he says. “Once you see the numbers in black and white, it’s easier to plug the leaks.” Free budgeting apps or a simple spreadsheet can help you monitor your spending and stay accountable.
Automate your savings
“Set up a debit order into a separate savings account the day after payday,” says Kondowe. “That way, saving becomes automatic, and you’re not tempted to spend what you meant to save.” This “out of sight, out of spend” strategy keeps your savings growing in the background while you focus on everyday life.
Slow and steady wins the race
The Bottom Line? Property goals aren’t achieved overnight, but with a bit of discipline, they’re definitely within reach.
“Smart saving today sets you up for smart buying tomorrow,” says Kondowe. “Start small if you need to – the important part is just getting started.”
