Surprisingly enough, the banks don’t want your house, so when it comes to repossession of assets…remember there is always a plan to be made. Usually one of the biggest monthly expenses, also becoming one of the biggest financial headaches for consumers, home loans are a daunting element of life that many face. When you are battling to keep up with bond repayments, remember there is always a helping hand. Whether speaking to the bank, or getting advice from the National Debt Advisors, make sure to manage your debt responsibly. Continue reading
While the aftershock of 2016 still rings in the ears of the SA consumer, we look to the year ahead with high hopes and positivity…well we did at least. What seems to be a bumpier ride than the year before, it is time for consumers to buckle their seat belts and hold on tight.
With special warning towards those toying with over indebtedness, 2017 is forecast to be a bumpy ride, creating an atmosphere within which those who struggle with debt have to tighten their wallets and control their spending if they want to make it through the year. With a January petrol hike making basic expenses even higher, coupled with a range of other increases and policy tweaks, the over indebted are soon to be in dire straits.
South African Funerals and Debt
Studies have shown that 85% of individuals’ debt troubles begin with the death of a family member. For many, losing a breadwinner means taking on their responsibilities, which could involve providing for one’s own family, as well as bereft dependents, such as elderly parents or the family of a deceased relative. Continue reading
As with most psychological disorders, when a habit starts to put other areas of your life at risk, it is generally classified as a disorder and the same applies to bad shopping habits and a diagnosis of shopaholism, compulsive buying disorder (CBD), or oniomania.
Your job may be at risk because of constant online shopping, while your health and energy levels may be suffering due to engaging in excessive physical activity during your daily shopping marathons. Your personal relationships may be taking strain, as dishonesty, overspending and secretive hoarding may be creating conflict between you and your partner. Continue reading
As the eminent quote by Sun Tzu goes in his influential book, The Art of War,
“If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.”
And, I’m certain that any debtor in the world would agree that being in debt is a lot like being ensnared in a drawn-out war of daily battles against an inexorable enemy. Continue reading
Inside the Debtor’s Mind
The counsellors at the South African Depression and Anxiety Group (SADAG) say that more and more South Africans are suffering from the adverse side effects of debt, which can lead to the development of severe depression, along with many other medical conditions, said to be brought about by the overwhelming pressure of being in debt. Continue reading
A silver lining has finally haloed the obstinate dark cloud that unrelentingly casts doom and gloom over South Africa’s economy, when fuel prices fell by 93c a liter, on Tuesday 3 February 2015.
Similarly, diesel dropped by 9.9% and paraffin went down by R1.36. The Department of Energy attributed the drop in fuel prices to a decrease in the price of crude oil. However, you may want to hold off on breaking out your most expensive bottle of champagne, as analysts predict an upward price trend in fuel prices in the years to come. Continue reading