Budgeting and knowing where your money is going is all well and good, but how do you use this knowledge to reach the goal of being debt free? The whole point of budgeting and money management is to help you get in control of your finances, but itβs...
Ntebo writes: I was unemployed, and then fell behind with my debts. I have found a new job now and intend settling all my debts this year, but I don't know where to start as I am already behind with a lot of my monthly installments. I am not sure...
I was recently asked by a young woman if it would make sense for her to cash in her pension, settle her debts and start all over again. It sounds like a good idea: on the one hand you have debt with interest as high as 25% per annum and on the...
In this episode of Change in your Pocket, we expose the hidden costs that you incur when taking on debt. https://youtu.be/xo63SxHBCwU β Video supplied by BrightRock Welcome to The Change Exchange, where we are helping you find ways to make the most...
Debt is the main reason people withdraw their retirement benefits when changing jobs, according to key findings of the 2015 Sanlam Benchmark Survey, a comprehensive annual review of South Africaβs retirement industry. After interviewing thousands...
If you can no longer afford your car, it's time to take action. Here are your options. Lucky wrote to me to find out whether or not he should sell his BMW for a loss as the cost of the car is having serious consequences on his other financial...
By Wikus Olivier, debt expert at DebtSafe Debt is an issue that most South Africans unfortunately find themselves facing for most of their adult lives. Every individual deals with different forms and scales of debt, but for some, their debt spirals...
Wikus Olivier, debt counsellor at DebtSafe, highlights a number of common financial mistakes that individuals often make, resulting in debt. However, these can be mitigated if discipline is practised and changes are made in spending behaviour....
Debt counsellors see a surge in applications around February every year as the wheels fall off after the excesses of the festive season and the school fees are due in January. If youβre in debt, youβll know the feelings of helplessness and...
βIn 2011 after getting advice through City Press I managed to pay off all my debt. I have since gotten married and we bought a house and a car. Now we are in debt and a financial mess. I have two credit cards totaling R27 000, an overdraft of R21...
Debt consolidation is often seen as an easy way to get out of debt. Theoretically debt consolidation is a good solution if you are struggling to meet your many repayments. You are able to consolidate all your debts by taking out one single loan and using that loan to...
When you take out a loan or buy a car, you will often be encouraged to take out credit life which is an insurance to settle the loan should you die, become disabled or lose your job. While credit life has its place it can be abused and consumers need to understand...