While regulated lenders do charge less than unregulated loan sharks, it is undeniable that borrowing money in the short term is very expensive and can easily lead to the situation where you are caught in an ever- increasing cycle of debt.
Tag - Debt
The middle class is stressed out financially, but how much is a result of our lifestyle choices?
The latest figures from the Old Mutual Savings and Investment Monitor show increasing levels of financial stress, even among high-income earners.
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?
Having fallen behind on debt repayments, what's the best strategy to get your debt under control?
Using your pension to pay off your consumption debt is simply stealing from your own future.
In this episode of Change in your Pocket, we expose the hidden costs that you incur when taking on debt.
The DTI’s decision to delay the implementation of the NCA Amendments relating to affordability tests has resulted in an alarming increase in ‘payday’ loans.
The One Rand Family project followed the experience of a relatively well-off family living on cash only ‒ in fact R1 coins ‒ for a month.
Open up your bank statement and calculate how much of your monthly salary goes to repaying debt. Imagine if, apart from your mortgage, you had no debt repayments – think of all that money now available for savings. The reality is that we have already spent our future savings on cars, credit cards, personal loans and store cards; rather than...