Happy Holidays from Debtco Group

Debtco Group wishes you an amazing festive season! We hope you have a fun, relaxed December surrounded by family and friends enjoying your time off work, eating delicious food, and spending quality time together. Moreover, we wish you a restful Christmas and a joyous New Year filled with celebration, well wishes, and well-deserved fun.

This year, the overarching theme of Debtco Group’s educational content was achieving financial freedom and securing freedom from debt. We focused on:

• Budgeting
• The legalities of becoming debt-free, like the National Credit Act
• Wise spending and borrowing
• Debt review/debt counselling
• Building your credit
• South Africa’s financial landscape and its particulars, such as February’s budget speech

Before we head off and forget about our finances, here are a few tips to make it to January without hiccups.

Wise Spending This December

When we receive our Christmas bonuses and December salaries, it can be easy to spend it all on good times and presents for those we love. Remember:

• January is coming, so set aside your January salary in a separate bank account.
• Put at least some of your bonus toward your savings.
• Don’t buy gifts on credit.
• Budget for going out and Christmas presents.
• There are four Saturdays in December–budget accordingly.

Remember, if you’re drowning in debt, Debtco Group can help. We’ll be open the entire festive season. If you receive a letter of demand (Section 129) or can’t make your minimum payments this December, contact Debtco Group. We’ll negotiate lower interest rates, reduced repayments, and ensure you receive legal protection and your assets are safeguarded.