Debtfree Magazine March 2017

HAVE SOME FUN
Is Debt Review the End of Fun?
Entering Debt Review is admittedly a
big change. A good one but a big one
as it influences so many aspects of your
life not just your debt repayments.
Primarily it is a change from an instant
gratification lifestyle to a more thought
out, planned way of living.
Budgeting is central to the whole
debt review process and when a Debt
Counsellor helps a consumer reevaluate
their monthly spending habits it can be
a little tough at first.
At the same time the Debt Counsellor
strives to be realistic which is an area
some of us struggle with when planning
our monthly finances. They may see
gaps where we are not spending
money like we should. Perhaps they
see a consumer has a vehicle financed
but has neglected to have insurance as
required by the terms and conditions of
their contract with the bank. They may
see we spend lots of money on snacks
at work but have not set money aside
for our kid’s school clothes and books in
January next year.
A good Debt Counsellor balances the
needs of both creditors and consumer.
So, he may cut some of the money we
previously used for fun out of the budget.
Here it is important to remember though
that fun does not have to cost lots of
money. We may simply need to think a
little differently about the topic.