Managing Debt

Debts can kill your business, destroy your marriage, and cause friendships to disappear. You don’t need the stress and frustrations that come with owing credit cards, banks, and personal loans.


Is debt getting the better of you?

For most of us, debt is a necessity. Without it, financial goals such as owning your own home may never become a reality.

Used properly, debt can be a valuable financial management tool that can help you achieve your long-term goals.

There is a fine line however, between using debt as part of a well-constructed financial plan, and using it to cover the difference between what you earn and what you spend.  If debt is used to finance excessive spending, it could not only lead to financial distress, but may lead to credit being denied to you.

These are some commonly asked questions:

How do I know if I’m losing control of my debt?

If any of the following situations apply to your spending patterns, your level of debt may be too high for you to manage comfortably.
you may use credit to buy food, petrol or pay utility bills;
you only manage to pay the minimum …


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