SASSA grant and SASSA Payments have been helping many South African over many years, The South African Social Security Agency is known as SASSA.
SASSA’s job is to distribute social payments to those who are “vulnerable to poverty and in need of governmental assistance” to raise their living standards.
Who Is Eligible for A SASSA Grant?
It is a common misunderstanding that SASSA payments are exclusively available to the elderly.
There are several different types of persons that can apply for a grant.
The Social Assistance Act of 2004 and its rules set the legal basis for administering seven different social grants.
Below is a list of people who are eligible to receive this SASSA Payments.
- War veterans’ grants
- Care dependency grants
- Foster child grants
- Grants for older persons
- Disability grants
- Child support grants
- Social relief of distress
SASSA Payment Evaluation
SASSA conducts a means test on everyone who applies for a grant, in which they assess your income and assets.
You are eligible for the payment if your income is less than the government’s specified limit.
A single individual should not have assets worth more than R1 056 000 and should not earn more than R73 800 per year or R6 150 per month, according to the existing standards.
The combined assets and income of a married couple should not exceed R2 112 000 per year or R12 300 per month.
The worth of the home in which a person resides is not considered, regardless of who owns it.
Whether the applicant is married in community of property or out of community of property makes no difference.
Whether you’re married in or out of community of property, your spouse’s salary is taken into consideration.
Your marital status is ignored if your spouse has abandoned you for longer than three months.
In an affidavit, you must tell SASSA of your desertion.
For more information on how to qualify for SASSA Grant, please visit www.sassa.gov.za
Using Money Wisely Tips
Keep An Eye on Your Finances.
You must first understand where your money is going before you can begin to figure out how to spend it more wisely.
Make a budget and keep track of your earnings and spending.
You may start searching for chances to spend your money more wisely once you know where it is going.
Stop Attempting to Impress Others.
The ordinary individual spends much too much money just to keep up their appearance.
From flashy automobiles to designer apparel, most of what we buy is motivated by a desire to impress others rather than by a desire to buy what we truly want and enjoy.
Don’t fall prey to the notion that you must spend money to impress others; instead, buy items that you love.
Check Your Bad Habits
You may start searching for behaviors that are depleting your budget once you start tracking your finances.
Expensive hobbies, dining out too much, overspending on apparel, and a variety of other financial drains are examples of these behaviors.
Once you’ve figured out which behaviors are consuming a significant amount of your money, you may decide whether they’re truly required.
Value Savings Over Products
Some people are born savers who like watching their money increase.
For others, money is something that is spent as soon as it enters their hands, and everything else feels like a waste of time.
If you’re in the second group, attempt to establish a mindset that prioritizes savings above purchases.
Money invested or saved, in the end, will nearly always improve your life more than money spent on goods that will wear out or become boring in a short period of time.
Although many people might take SASSA payment for granted and misuse the money, you can make the most out of these funds.
For those who are beneficiaries, you can invest this small amount into opening a small business to sustain you and the kinds.
Start a Spaza shop or buy material to start sawing some clothes to sell and generate extra income.
To find out more about SASSA payment dates, please click here.