JOHANNESBURG – Although Halloween may not be as popular in South Africa as it is in other parts of the world, there is a new monster called skoloto (debt) that is keeping consumers awake at night. Many people are tormented by skoloto. But its a nightmare that can be overcome.
Even on a low income its possible to control debt or to get out of debt. Managing your debt is all about taking control of your spending behaviour by changing your mindset. That doesnt mean its easy, of course, but it does mean that if you are determined to overpower this nightmare, you can. Commit to making whatever lifestyle changes are necessary. Start living within your means. If you have to use credit, use it responsibly and draw up a budget and most of all sti…
Read the full article at: https://www.iol.co.za/personal-finance/debt/eight-tips-to-help-keep-you-debt-free-17734172