The outbreak of COVID-19 and the lockdown will have far-reaching consequences for many households. Even before this crisis, people found it hard to make ends meet as salaries failed to keep up with the cost of living. This leads to the slippery slope of credit dependency. City Press/Asba Money Makeover candidate Peter and his wife Helen share their story of how their debt slowly crept up on them when he took a salary cut. We also share tips on how to manage your finances if you are facing retrenchment or a decline in income.
Read more here.
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