Moody’s Investors Service has announced it is too early to know whether the state of the Rand is going to improve before the next rating. The service is in the process of looking for a credible vision for the South African economy. The outcome of the next rating could have an impact on citizens, influencing how much tax is paid…
There is nothing quite like kicking off your shoes, getting comfy and diving into a great book. As 2020 comes into full swing, what better book to open than one that will help you put your finances in order? To help assemble your arsenal of personal finance books, we have put together the best books that offer an abundance of…
Debt Counselling was introduced by the National Credit Act (NCA) as an answer for people with an excessive amount of debt in 2007. The motivation behind Debt Review is to offer a way out of debt for those who can not make their repayments each month. Debt Review is a highly successful option compared to traditional solutions such as Administration…
We’re almost a full month into the new decade! It’s possible that you are starting to struggle to stick to your new year’s resolutions and the goals you set for yourself to achieve in 2020 might be looking more and more difficult. It’s also tempting to give up and resign yourself to another year of bad budgeting with debt on…
“You should not spend more than what you earn.” You’ve probably heard it before. And it sounds simple, right? In principle, it is. But in reality, it isn’t. This is because the economy is designed for you to face debt at some stage in your life. But that doesn’t mean it’s inevitable to fall into – and stay in –…
New Year’s Resolutions – the good intentions people have to be better at something in their life over the year. People often set too-difficult goals and ultimately fail. Setting up the right goals is the first step to achieving success. If “saving more” and “budgeting better” are goals on your list of resolutions this year, set up for success by…
Many people in January suffer as a result of a long break between December’s earlier paycheck and the first paycheck of the year. There is also the burden on bank accounts from festive shopping and holiday spending. This leads to a common problem of “Januworrying” about stretching your money until the end of the month. Making your money last longer,…
“Phishing” is the name of fraudulent attempts to gain personal information or banking details. It is done by malicious parties who want to obtain details such as usernames, credit card details, and passwords. If someone manages to gain access to your details, they can then use the information to steal or manipulate your finances, leaving you in a vulnerable position.…
Many people who are struggling to pay back the money they owe don’t address debt through Debt Review because they’re worried about losing their car or other assets in the process. Before asking the question about their assets, they think they will lose them. So the question is, do you lose your car while under Debt Review? The short answer:…
If you’re struggling with debt, you are one of many South Africans stuck in the money-trap. This year, consumer debt is at a whopping R1.7 trillion. This is only a little less than the debt of the government, which is currently over R2 trillion. This shows that debt is a major problem in the country and it is necessary for…
