The last article highlight in April’s Budgeting & Personal Finance series covers some much needed guidance on how to better balance lifestyle choices with over reliance on debt.
While not all debt is bad it is important that your debt is well managed and you don’t become overindebted.
Once again we’ve chosen to highlight an article that provides good practical advice.
Article introduction:
When you feel that you are trying to stop a financial flood with a small bucket while new money problems are flooding out of an open ‘debt -tap’, it’s time to stop and take an honest look at what is causing your financial problems. The uncomfortable truth will probably be that your actions caused the flood.
Millions of South Africans are ‘payday millionaires’, and that’s where money problems usually start. The only way to change is to understand that if you wish to do great things tomorrow, you must address today’s issues and take the steps needed to make them yesterday’s problems.
To read the full article follow this link: ‘Turn off the debt tap and start mopping up your lifestyle’ – MoneyWeb
