Spring 2024 is here,
And wow, we made it this far! But are you feeling the pinch? No money to do the things you want, like taking the family out, joining friends for a beach day, or even just escaping for a weekend camping trip? Maybe your daughter had to settle for a less-than-perfect dress for her Matric year because finances were tight. Nothing beats a parent’s heart more than struggling financially, especially when 60% of your income is swallowed by creditors. It’s tough, but there’s hope.
So, how do you get your finances back on track?
First things first: a full personal financial assessment.
Start with your income—subtract your salary deductions, and calculate your average overtime over six months, adding only 70% of that to your income. Next, break down your true living expenses: groceries, electricity, rent, transport, insurances, and all the other essentials. Then, take a hard look at your monthly debt repayments. Seeing the full picture might shock you, but it’s a crucial step in understanding if you need financial intervention.
Now, let’s talk about getting help.
Don’t go down the rabbit hole of false promises and quick fixes. Consumer Debt Support is here to guide you with integrity. We’re registered with the National Credit Regulator (NCRDC2452), and you can verify our status here. We follow the National Credit Act’s rules to help consumers restructure their debts, making monthly repayments more manageable while maintaining a reasonable standard of living. Visit our website https://www.debtcenter.co.za/founder-editor-annienne-nel/
Let me share Rose’s story.
Rose is a married woman earning R44,000 per month, with a whopping R38,000 going to debt repayments, including a bond installment. With family commitments adding up to R28,000, she found herself over-indebted. She turned to debt counselling, and with her husband’s consent, the bond was included in the process. Her monthly debt obligations were reduced to R28,000, giving her breathing room to cover family expenses. Thanks to debt counselling, Rose now has a plan to settle her unsecured debt within 60 months and eventually return her bond to normal repayment terms.
Debt counselling isn’t a quick fix—
it’s a 60-month commitment, but it’s a powerful tool to help you regain control of your finances. And it’s not just about reducing debt; it’s about ensuring you have enough money for both your family and your creditors.
So, as we step into Spring 2024, if you’re feeling lost and unsure where to turn, connect with us at Consumer Debt Support. We’re here for you, no matter where you are in South Africa. Remember, a well-informed consumer is a winner, from the first to the last day of the month.
