This is the perfect time to adjust your finances ahead of the festive season
With every South African’s favourite time of year, December, just a few weeks away, the National Debt Counsellors (NDC) says now is the perfect time to adjust your finances for an enjoyable festive season.
Key factors pressuring household budgets include the South African Reserve Bank’s decision to raise the policy rate for the first time in three years, taking the prime lending rate to 10.
Buy in bulk to save She adds that high-interest, expensive short-term debt is often sensible to target first because it costs more over time; however, the consequences of missing a payment matter as much as the cost, particularly where a home or vehicle may be at risk.
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