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How To Ditch The Debt And Start Saving – Fin24

How To Ditch The Debt And Start Saving – Fin24

How to ditch the debt and start saving

How To Ditch The Debt And Start Saving

Fin24 features an article about July being National Savings Month. DebtSafe warns consumers to start planning for ultimate financial freedom.

Wikus Olivier, Debt Management Expert at DebtSafe, says if you’re struggling with your finances, you are not alone. The company ran a survey (read the article to see the stats) and most people’s budgets are stretched – they can’t make debt repayments and almost half of the respondents in the survey indicated that they overspend on their credit cards.

“The average South African is paying almost all of their income on debt repayments and we are on a mission to educate individuals to become better off financially,” says Wikus.

Most people don’t have a savings plan in place and this is concerning. If you want to buy something big such as a car, a house or save for your retirement, there is just no money left…