The end of the year is always an expensive time for everybody. All of the upcoming holidays and events can cause additional financial stress.It is important to come up with a plan to suit your budget. Luxurious expenses such as gifts, outings, activities and restaurants can add up quickly. A solid financial plan is in order before you are left with little money in your bank account. Make A List Of The Upcoming Expenses Try
The consumer debt crisis in South Africa has been going on for while now. Recent indicators show that there seems to be no slowdown on this front. Consumers still have a huge appetite for loans, even if they aren’t qualifying for it. The latest figures from the National Credit Regulator’s (NCR) Consumer Credit Market Report and Credit Bureau Monitor show mixed results. On the one hand it seems as though the number of defaulters is
South Africa is currently in tough financial space, both publicly and privately. On a consumer level, South Africans are battling with increasing prices and flat-lined salaries. Households are struggling more than ever to make it through the month on their current income. The result of such circumstances is an increased reliance on debt and for many, missed car repayments. South Africans Are Missing Their Car Repayments There has been a recent trend in consumers defaulting
December is a tough month for most consumers. Due to the festive season and businesses closing, employees usually get paid a bit earlier. This may seem like a lifesaver at the time, but can cause problems come January. By getting paid early in December and then on the normal date in January, consumers often have a 6-week gap between the two pay dates. Early planning is required ahead of this time. Start Planning Now The
All of us worry that we don’t save enough money each month. We set goals and always try to budget better, but sometimes saving seems impossible. Earlier this month economist Dr Adrian Saville, professor at the Gordon Institute of Business Science (GIBS), revealed that the average savings rate in South Africa is actually zero. Fin24 reports: There certainly are households who save through contributions to pension funds, retirement annuities, unit trusts and investments in their