Debtfree Magazine issue 9 of 2021-for download
SA's Free Magazine all about Debt, Debt Counselling & Debt Review. New, Tips, Reviews, Advice and more. This month we look at some of the nasty little lies you tell yourself about your debts. We also catch up on what happened at the Annual Debt Review Awards 2021
SA's Free Magazine all about Debt, Debt Counselling & Debt Review. New, Tips, Reviews, Advice and more. This month we look at some of the nasty little lies you tell yourself about your debts.
We also catch up on what happened at the Annual Debt Review Awards 2021
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
THE BIG LITTLE LIES WE TELL OURSELVES ABOUT DEBT
MAKING A BUDGET IS
TOO HARD
Some people who are in debt don’t even know how
much debt they owe because they’re not keeping
track of it.
They just pay their installments each month, often the minimum
amount, and then use their credit cards and overdraft to make it
through the month without ever wondering how much it is costing
them to be in debt every month.
Talk about sticking your head in the sand!
Budgeting isn’t hard, it just requires using your calculator to work out
3 figures:
1. How much do you earn (take home after tax and all that)?
2. How much do you owe to your credit providers every month
(what should you be paying them)?
3. How much do you spend on stuff every month?
Once you know those 3 figures you will quickly see if there is a
problem or not, and where you need to make adjustments. The rest
will happen by instinct.
Change language