FAME & FORTUNE: Her sights are on the bigger picture

Photo 2BONNÉ de Bod, 50/50 television presenter, environmental journalist and radio presenter, talks to Brendan Peacock about the way she handles her money.

Are you good with money or irresponsible; a saver or a spender?

I would say I’m a bit of both. But since I’m a Gemini maybe I have an excuse?

What did your childhood experience teach you about money?

I was taught the ground rules and the importance of saving at a young age. Like every other kid I had a big pink piggy bank!

If the piggy bank was running empty I couldn’t always have what my heart desired.

But once it was full I realised the value of investing money over time.

What is your biggest extravagance?

Red wine, I’m afraid. I’m an avid collector of vino! In addition, I tend to spend quite a bit on books relating to environmental and conservation issues.

What is the one thing you wish you had never bought? And your best buy?

My treadmill — let’s just say it gathered a lot of dust.

My best buy would be my car. It’s small so that I can whip through Joburg traffic and economical for travelling those long distances.

Have you learnt any important (but maybe difficult) lessons about money through mistakes?

I lived in Cape Town for two years while studying and being a student and all. I still believed money grew on trees.

Although it’s important to have a social life, sometimes one needs to compromise and focus on the bigger picture and learn to say “no” to impulsive spending.

What was the best money advice you were ever given?

Start saving when you’re 25 and always work on a monthly budget and, of course, stick to it!

What kind of car do you drive, and do you rate cars in practicalities, speed or looks?

A Toyota Yaris. I definitely rate cars in terms of practicality — I’m a practical gal who needs to get around. But don’t get me wrong — I appreciate a beautiful, sexy car.

How do you invest (if you do) or save?

I have a Money Builder savings plan and I put part of my monthly income towards a pension fund.

Do you use credit? How did you deal with it and what’s your advice for using it?

Yes, I do. My advice would be to settle your full balance as soon as possible each month so that you don’t have to pay any interest.

Do you carry cash around, or do you mostly use a card?

I have a bad habit of never carrying cash so my debit card works overtime.

How do you tip? Are you an easy tipper?

I tip at least 10%, but for good service I will easily tip more.

Do you manage your own financial affairs?

At this stage, yes.

What’s the worst thing you’ve done for money?

 

All the small odd jobs I had to do in the past to survive — just because it wasn’t my passion.

This article was first published in Sunday Times: Business Times. Here is a link to the article on Business Day Live.

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