Debt consolidation comes in a few shapes and sizes. Banks, debt counsellors and credit providers advertise debt consolidation as a solution to people with too much debt. Consumers that have many loans look to consolidate their debt to make the instalments less and easier to manage. Let’s explore the different types of consolidation products in the South African market.
Are you tired of carrying around a bulky wallet filled with crumpled-up cash and receipts? Do you worry about the security risks of carrying large amounts of money? If so, it might be time to consider leaving cash behind and going digital with your payments. This blog post will explore the benefits of ditching cash in favour of digital payment methods and how to make the transition go smoothly.
To improve your financial well-being in 2023, it’s important to set specific and achievable financial goals. By creating a plan to achieve these goals, you can take control of your financial situation and improve your financial security. Set financial wellness goals for the new year with 5 simple steps.
Have you ever looked at your monthly bank statement and wondered where those extra bucks went? Yes, your account has less money, and you didn’t technically spend it. So, where is your money going, and what are you actually paying for when it comes to banking fees?
As the year comes to an end, you may be wondering how you can wrap it up feeling financially stronger. But with the festive season coming up and bank balances that feel anything but consistent – talk is cheap. Fortunately, Greg McBride, Bankrate’s Chief Financial Analyst, has put together a list of financial tasks to complete before we welcome the new year.
Real talk: There’s no quick fix for getting out of debt. For most consumers, it’s an ever-present expense that they factor into every financial decision. In 2022, average consumers in South Africa need to spend around 63% of their take-home pay to service their debt. Here’s everything you need to know about Dave Ramsey’s Snowball method and how it can help you pay off your debt more efficiently.
Picture this – you wake up and get your monthly payment reminder from your bank or credit provider on your phone – and the amount you owe is less than what you owed last month. Win! But why exactly are you being charged less for your loan repayments?
If you’re currently in debt – don’t fret. There are ways to get your debt under control and regain financial freedom, but it will take consistent work and commitment. Read on to discover how you can master your debt, regardless of your financial situation.
Good debt sounds like an oxymoron doesn’t it? Like, when did debt become a good thing? Especially when almost every financial expert we’ve heard has taught that the first step to getting rich was annihilating all forms of debt. Quickly and without remorse.
Debt. It’s the ultimate buzzkill. We all wish we had the right kind of stacks we could brag about to family and friends… sadly the only stacks many of us have are that stack of monthly debt repayments piling up.
