Sadly, people who are completely debt-free make up a very small percentage of working South Africans, Manyike noted.
With increased interest rates, higher fuel and food costs and no immediate respite in sight, South Africans are feeling the pinch, now more than ever. Often during tough times the temptation can be for people to get into debt, like making day-to-day purchases on credit, but its at times like these that minimising your debt should be your priority.
The first step towards a debt-free future is to understand the importance of managing your personal finances. Break bad old habits that get in the way of financial stability and establish new, healthier money habits.
Manyike offers five basic actions to implement right now t…
Read the full article at: http://businesstech.co.za/news/finance/122117/good-habits-to-help-you-get-out-of-bad-debt/