You might be thinking about settling your credit account. Regardless of whether it is a credit card or your clothing store account, now is a good time to do so. Perhaps you have received a salary bonus and have decided to do the right thing and settle your debt. Debt settlement, simply put, is where…

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How you spend your money in December have an impact on your finances in January. Will you start the year anxious about the large debt you have incurred, or will you be pleased and stress-free knowing that you haven’t overspent? Think twice about over spending your hard-earned money during this holiday season. Tis the season…

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You, and probably a large number of people, have likely wondered whether debt review is a good or a bad thing. This question has been asked by sceptics since it was first introduced in 2007 by the National Credit Act. For over-indebted consumers, debt review is a very good thing. It has changed the lives…

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How Not To Overspend This Holiday Season

Tis (almost) the season to be jolly and typically, spend lots of money. If the upcoming December holiday season makes you break out in a sweat over the huge amounts of money you know you will be handing out, consider ways in which to save your money, while still enjoying the merry season. We live…

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The year’s end is almost here, along with the long awaited Christmas holidays. Most South African employees receive a Christmas bonus, and some receive a 13 th cheque. While this makes you feel giddy about the extra cash, the big question is what are you actually going to do with it? Should I spend my…

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When you understand your debt profile, you will be better equipped for managing and paying off your debt. Your debt profile is your affordability, and your debt responsibilities. Your affordability can be determined by working out your debt-to-income ratio. This is your monthly commitments versus your income. Divide your monthly debt repayments by your net…

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According to statistics released by the Reserve Bank, South African consumers are almost R1.7 trillion in debt, and that over 25 million South Africans owe money to both lenders and financial institutions. It has also been found that, on average, 72% of South Africans’ income was used to pay debt. What is a debt consolidation…

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If you are drowning in debt and it feels like it is taking over your life, it may be time to seek assistance. Taking responsibility for the debt problem and acknowledging that there is in fact a problem is the first step you need to take. You can also consider debt review. Some feel wary…

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Studies have shown that only 1 % of children who receive pocket save a portion of it. This is a frightening statistic if one considers that how easy it is to teach young children how to save money. As a parent, you can help teach your children the value of saving money and why it…

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3 Tips For Saving Money This Holiday

Noel is around the corner. Yes, it is a few months away, but with the way time seems to be moving, it will be here before we know it. The festive season is often regarded as the silly season, and it is easy to understand why. Many families spend exorbitant amounts of money on gifts,…

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