The 50-30-20 budgeting framework is an important budgeting tool that can help you effectively manage your personal finances and draw up a budget. It works on the premise of spending 50% on living expenses, 30% on discretionary income, and 20% on savings....
Playing Sonic the Hedgehog when paying off debt isn’t the best way to bump up your credit score. Why? When you pay off debt, you undiversfy your credit mix and could lose the long-standing histories you have with credit providers. Credit mix...
Have you ever wondered what the difference between debt review and administration orders is? Knowing the difference between debt review and admin orders is important for distinguishing the consequences of each and how they could affect your life. The difference between admin and...
If you’ve thought about debt review in South Africa, you’ve probably wondered what it’s like. After all, its a good 3 to 5 years of getting to be debt-free. The truth is, it’s whatever you make it. The debt review process can...
If you’re under debt review and money is getting tight, you may wonder whether you can pawn your car. The answer is yes, you can pawn your car, but we strongly advise against it. It can have treacherous consequences on your standing...
If you Google debt management, debt counselling, debt help system, or debt review, a plethora of results will pop up. As it stands, there are 933,000,000; 80,900,000; 724,000,000 and 844,000,000 for those search terms respectively. So, how does one decide between debt management...
Can you get debt review for your car finance? Yes, so long as it’s not solely for your car finance. Debt review, by definition, is not for only one debt. It is meant to consolidate all your debt, not only one debt....
Should you pay off debt or save? This is an age-old question, one that a lot of the financially troubled find themselves wondering. The answer is that it depends on your goals and the consequences you’re willing to take on. On the...
Yes, it’s 100% possible to be debt-free in 5 years. Of course, it depends on your situation and circumstances, but with the right execution of debt repayment strategies and discipline, it’s possible to be debt-free and have good credit in 5 years. It...