South African consumers are generally not very good at saving or budgeting, so defaults on bonds and rents are always the highest at the start of a new year, according to Rudi Botha, CEO of BetterBond.
However, there are some positive steps you can take right away to help make ends meet, says Botha.
Get real
The first of these is to “get real” about your financial situation.
“Get your bank statements and find out exactly how much money you have available for January. Then make a list of your essential or fixed monthly expenses and a separate list of variable expenses – like your grocery, cell-phone, utility and petrol costs,” suggests Botha.
Pay the minimum
Botha suggests paying the minimum amount required on all your fixed expenses and your c…
Read the full article at: https://www.fin24.com/Money/Debt/debt-6-ways-to-help-ends-meet-in-janu-worry-20190111