In today’s challenging economic climate consumers are eagerly searching for financial solutions to the ever-increasing cost of living, high interest rates on debt and unforeseen expenses that seem never-ending. Consumers who have significantly high debt compared to their income, are inundated with possible debt solutions from various companies which can be very confusing and leave
Financial decisions, big or small, can significantly impact your financial well-being, long-term stability and overall peace of mind. Here at DebtSafe, we aim to empower you by providing 10 essential questions to ask yourself before spending your hard-earned money or taking on debt, such as a loan or using credit: This foundational question helps you
Debt is as typical in South Africa as potholes. But there’s a big difference between simply owing money (indebtedness) and being over-indebted. Why the Distinction? Indebtedness means you owe money (like a loan, credit card, or some other financial obligation) that you are currently repaying monthly. Being indebted is not inherently negative; debt can be an investment in
What Is Lifestyle Inflation? Lifestyle inflation is spending more as income rises or upping your lifestyle without regard to your financial means. Many South Africans are guilty of lifestyle inflation. So recognising this trap and learning how to escape it is essential to improve your financial well-being. We all are guilty of this. Don’t worry
Credit cards offer convenience and financial flexibility when used responsibly. However, if mismanaged, they can lead to a never-ending cycle of debt. One particularly harmful practice is debt recycling, where individuals use one credit card to pay off another, trapping themselves in a loop of increasing debt. In this article, we explore the consequences of
Looking for ways to save on your electricity bill in South Africa? This guide offers practical tips to help households work towards a more sustainable future. You can lower your winter energy bill by understanding your energy usage and making minor changes to your daily habits. Ready to try some winter tips? Check out these
Exercise caution when participating in any upcoming Black November online or in-store ‘shopping bonanzas’ simply because you ‘can’ or ‘want’.
Wellness and health (including mental health) have been critical topical issues and discussion points for quite some time.
The Struggle is Real: South African Consumers’ Biggest Financial Concern Is Not Being Able to SAVE for Anything The 1400+ participants of DebtSafe’s “South African Consumers’ Financial Reality” June 2022 survey results provide various insights concerning their current financial situation. “Consumers are experiencing dire financial times, and thus, #SavingsMonth is no celebration this year. With
The concept of money is a fundamental skill that any adult, parent, guardian, family member or teacher can help teach our young ones. It does not only offer a victorious situation for the youth and their future financial decision-making, but it is also a win for South Africa’s economy and prosperity.
DebtSafe’s age-by-age guide contains practical ideas and considerations to help grown-ups with this imperative task.