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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 to pay off debt faster

How to pay off debt faster

by BrendanFebruary 15, 2021February 21, 2021Leave a comment

Having debt sucks! The stress of dealing with debt can have an unimaginable toll on our lives. We all want to pay off debt, but the ultimate question is always about how to pay off debt faster. But first, how…

Read More How to pay off debt faster

Pay off debt featured, snowball, track
Credit card debt

Credit card debt

by Journey ManNovember 18, 2020November 18, 2020Leave a comment

In my war on debt, my credit cards are Public Enemy #1. I’m convinced I should never have had a credit card. As far as I can tell credit card debt is a cancer, robbing us of the future we long…

Read More Credit card debt

Late Starter, Pay off debt credit card
What is debt review?

What is debt review?

by BrendanOctober 5, 2020February 21, 2021Leave a comment

Got debt? You're certainly not alone! Many South Africans are faced with huge debt problems, especially now since the lockdown. One of the possible solutions to help you would be to go under debt review. But what is debt review…

Read More What is debt review?

Pay off debt Budget, debt free
Deal with lockdown debt

Deal with lockdown debt

by BrendanSeptember 13, 2020October 17, 2020Leave a comment

Lockdown has left many South Africans in financial despair. It's been tough. If you've got debt and feeling the pressure, you're definitely not alone! Let's explore how to deal with lockdown debt. Be kind to yourself Now is the time…

Read More Deal with lockdown debt

Pay off debt Budget, plan, snowball
calculate interest

How to calculate interest on South African loans

by BrendanJuly 30, 2020August 13, 2020Leave a comment

Sponsored Post When applying for a loan in South Africa or anywhere else in the world, a little understanding of important financial terms goes a long way. Therefore, it's crucial to be familiar with interest rates if you want to…

Read More How to calculate interest on South African loans

Pay off debt calculate, interest, loan
We have financial options

Do we have financial options?

by BrendanJune 28, 2020June 28, 2020Leave a comment

Do we have any real financial options or, will the consequences of the financial choices we've already made, lead to an inevitable, bleak financial future? A guest post from a 40-something year old who left his retirement planning for almost-too-late.…

Read More Do we have financial options?

Financial Freedom, Pay off debt choices, credit card
Samanthas car debt story

How Samantha paid her car debt

by BrendanApril 26, 2020July 30, 20204 Comments

A story from Samantha, a personal finance YouTuber and reader of my blog, on how she paid her car debt. Find her videos here. My name is Samantha and I'm a 34 year old Zimbabwean living in Johannesburg for the…

Read More How Samantha paid her car debt

Pay off debt car, debtstories
How to pay off debt

How to pay off debt

by BrendanApril 6, 2020April 14, 2020Leave a comment

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.

Pay off debt snowball
Taking look at your debt situation

A good reason NOT to pay off your debt

by BrendanFebruary 23, 2020February 23, 20201 Comment

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.

Financial Health, Pay off debt cashflow, emergency fund, spending plan
Ever consider what it takes to become a one-car couple?

Should you sell a car and share one car as a couple?

by BrendanDecember 21, 2019October 3, 20201 Comment

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?

Pay off debt, Save Money calculate, car, real life
A debt story from Muthu

A debt story from Muthu

by BrendanJuly 19, 2019July 30, 2020Leave a comment

A real story from a reader - unedited Mine started late 2014 when I just got a permanent job after a successful graduate programme. I decided to buy a car with my first salary, blessing right? Wrong! I bought the…

Read More A debt story from Muthu

Pay off debt car, debtstories, loan, transparent
Nqobiles Debt Story

Nqobile’s debt story

by BrendanJuly 9, 2019July 30, 2020Leave a comment

A real story from a reader! Unedited So the year was 2017 (I was 23 years old at the time), in April my 2 friends were building houses for their families and were asking me for financial assistance because they…

Read More Nqobile’s debt story

Pay off debt debtstories, interest, real life

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This is the money blog you never knew you needed.

Taking charge of your money has nothing to do with how much money you have, but rather how and where you spend it. Are you in charge or is you partner, spouse or habits in charge? Do you feel like money simply flows out of your account, or are you in control of what is spent, and where?

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2021 Take charge of your money
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