It's important to know that not all debt is bad, and some debt can actually help you achieve your future financial goals. The main goal is to know the difference, and make sure you sort out the bad kind so you can get more of the good kind.
Debt is money you owe. We’re talking about the big numbers, not the R6.99 you borrowed from your tjom to buy some NikNaks.
Look, having no debt is great. But some debt can be a benefit. So how do you figure the good from the bad?
Unhealthy debt doesn’t happen all at once. It starts with a swipe, and ends with your money (and your future money) disappearing into a dark pit.
Okay, so you’ve committed to getting rid of all your unhealthy debt. You’re turning over a new leaf, and… and… where do you even start??
When it comes to credit cards, people are often strongly divided into the “Yes, They Changed My Life!” and the “No, Cut Them Up!” camps.
Is it good, or bad? We’ve got the info you need to figure out the debt-busting solution that’s right for you.