Do we have financial options?
Do we have any real financial options or, will the consequences of the financial choices we’ve already made, lead to
Category: Pay off debt
Learn how to pay off debt, irrespective of your income.
Debt is something that most people have, but nobody actually wants.
You probably have some debt – and that’s fine. We borrow from our future selves to live the life we want – now, including having a roof over our heads. Sometimes it’s unavoidable although most times it really is.
But, debt is bad – this is fairly obvious.
Debt used for buying a house is generally considered “good debt” but it’s not always the case. It really depends on whether you can afford to pay off your debt and manage it. A lot also depend son your overall finances and your relationship with money.
This is a collection of posts on how to pay off debt, create a budget and spending plan, and manage your finances better.
A great post to start with is Tumi’s debt story. See how she recovered from R172k worth of consumer debt!
How Samantha paid her car debt
A story from Samantha, a personal finance YouTuber and reader of my blog, on how she paid her car debt.
How to pay off debt
You probably have some debt – and that’s fine. You do however need a plan to pay off debt and here we offer two strategies to choose from, or use a combo.
A good reason NOT to pay off your debt
It could be contentious, but it’s probably more important to set up an emergency fund than pay off outstanding debt. A reason not to pay off your debt.
Should you sell a car and share one car as a couple?
Does it make financial sense to sell a car and to share one car as a couple? How would you go about doing the calculations for this?
A debt story from Muthu
A real story from a reader – unedited Mine started late 2014 when I just got a permanent job after
Nqobile’s debt story
A real story from a reader! Unedited So the year was 2017 (I was 23 years old at the time),
Tumi’s debt story
Read Tumi’s debt story of how she got into 172k of consumer debt, her stress, and how she has now almost finished paying it off
My own debt story
I was recently asked about my own debt story and what the actual turning point for me was. It was
Is it better to save money or pay off debt?
Is it better to save money or pay off debt? Debt is obviously expensive, but there is a great argument to be had to start an emergency fund
The true cost of the home loan initiation fee
Listen to the Cape Talk radio interview about this post. There are so many fees, taxes and costs involved when
5 warning signs that you’re not in control of your credit card
Credit cards are dangerous things as they make it far too easy to buy stuff that you don’t actually have