The expenses associated with obtaining a degree or other professional qualification can run into hundreds of thousands of rands, resulting in many young professionals acquiring large student loans.
As a result, one of the major challenges most young people face as they enter the workforce is finding the right balance between repaying loans and managing the high cost of living.
It can be disheartening to realise that, despite the long hours and hard work you put into obtaining your qualifications, you are now burdened with substantial debt, and starting with an entry-level salary, while carrying such a mountain of debt, can be overwhelming.
Then there are additional financial factors that can further complicate your financial situation, …
Read the full article at: https://ridgetimes.co.za/328045/the-value-of-responsible-borrowing-and-good-debt-management-for-young-professionals/