Benjamin Franklin was onto something when he said, “Failing to plan is planning to fail”, and budgeting is no different. A successful financial plan can help to steer your life into a direction that you’ve only ever dreamed of.
With many South Africans drowning in debt, it’s no surprise that people are taking out more credit to cover another. But what if we told you that we have a long-term solution, to get you out of debt once and for all?
2018 has been a particularly difficult year for South African consumers, with the first VAT increase, the price of petrol constantly on the rise and in October, we saw a peak that made history, clearing existing debt is possibly the best way to keep your head above water. Easier said than done, right? Not necessarily.
We’ve compiled a list of 6 tips to help you pay off all your debt fast.
What is Black Friday?
Black Friday is the day that many consumers have been waiting for, where sales actually make sense and instead of a 20% discount, retailers offer up to 80% off.
The 50/30/20 rule was made famous by U.S. Senator, author, and Harvard bankruptcy expert, Elizabeth Warren who decided to share her insight into spending and saving with her daughter and then the world. Her book, which was co-authored by her daughter, “All Your Worth: The Ultimate Lifetime Money Plan”, breaks down the 50/30/20 rule to organise your budget.
Saving money and staying within a budget is already hard, now throw in the holiday season – it gets even tougher. However, it doesn’t mean you can’t enjoy spending time with friends and family.
Here are a few tips to avoid overspending and enjoy Easter on a budget.
On 26 February 2018, President Cyril Ramaphosa has finally announced the highly anticipated Cabinet reshuffle. Ramaphosa cut 13 members from Zuma’s cabinet and appointed his new deputy president, David Mabuza. Here is a list of the new members of Cabinet.
It’s no surprise that the first month of the year has been dubbed, Janu-worry. After all, it is when most of people’s money troubles comes to the surface. As South Africans we know that December is not just the last month of the year, but #KeDezembaBoss is a lifestyle. And now, the dreaded month that follows has you doing your best to resuscitate your wallet.
Debt review is a form of debt counselling that aims to rehabilitate consumers whose assets may be at stake. Once consumers fail to make regular debt repayments on their accounts, credit providers often threaten to repossess their car or home. At NDA, we have compiled a list of debt counselling disadvantages to consider before undergoing debt review.
At National Debt Advisors (NDA) we understand the importance of consumer rights. So to give you an all-round understanding of what your consumer rights are according to the National Credit Act, we’ve compiled a list of your consumer rights under debt review, coupled with your responsibilities.