Even the better-off are taking a beating
By Zara Nicholson
Middle-class South Africans are giving up their luxuries as they battle with the plummeting economy. Interviews with middle to high-income professionals made it clear that even the relatively well-heeled were struggling with the effects of soaring fuel prices, rising interest rates and a generally shrinking economy.
With the ongoing pressures on day to day living expenses, now is the time to compare and contrast to make sure that your finances are in order.
Check if your savings accounts and your bank accounts are delivering for you.
Consider whether your credit card is providing the best possible deal.
Review your vehicle insurance and your life insurance.
Decide whether a personal loan might be necessary to consolidate your debt. Get debt management, if needed, before it is too late.