Debtfree Magazine June 2018
SA's Free Monthly Debt Counselling and Debt Review Industry Magazine. June 2018 issue. We look at all the heat from the Annual Debt Review Awards 2018 as well as catch up with both a Debt Counsellor and the brand new PDA.
SA's Free Monthly Debt Counselling and Debt Review Industry Magazine. June 2018 issue. We look at all the heat from the Annual Debt Review Awards 2018 as well as catch up with both a Debt Counsellor and the brand new PDA.
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STAYING IN DEBT REVIEW<br />
STICKING TO<br />
YOUR BUDGET<br />
When you enter debt review you will work with your Debt Counsellor<br />
to come up with a realistic budget (which the Magistrate will review<br />
and adjust if needed) which will enable you to (1) cover your needed<br />
costs (2) save towards both expected and even unexpected costs and<br />
(3) make sure you have a reasonable amount to pay towards your<br />
debts each month by reducing unnecessary expenses.<br />
It is important that you do not go beyond the budget and spend more than<br />
you have to each month. One of the main areas where you can create<br />
future trouble for yourself is by not saving the amounts needed for annual<br />
expenses and unexpected costs worked into your budget each month.<br />
Spending those funds now leaves you exposed in the future. Remember<br />
that you also can try spend less than the budgeted figures so that you<br />
increase the cushion for when costs do escalate.
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