'SA young professionals heavily indebted'
From SABC News
Six million of South Africa's young professionals are said to be drowning in debt.
Justmoney.co.za says:
If you haven't managed your money, you could be a labourer or a CEO and still not make ends meet. Calculate and consolidate your debt, take out a personal loan to pay off what you owe, remortgage your house or seek debt counselling. If you want to hang on to your assets you will need to check your financial health.
You’ve overcome all the hurdles of buying a home. You’ve managed to pay your deposit and your closing payments, and now you’re a proud title deed holder. However, there are other expenses waiting around the corner. Are you prepared?
Understanding your credit health is one of the most important factors in managing your finances. This is because it gives you insight into your debt, your borrowing ability, and your financial history. While many understand this, there are still many questions on how to do just that.
There are two things you can do when you are struggling to pay your debt. You can either let your creditors hand your debt over to debt collectors – or you can let debt counsellors help you deal with your debt.
Being a newbie in the world of investing can be challenging because you don’t know where and how to invest. With so many investment options, you could easily be befuddled. Justmoney looks at how retail notes can help you cut your teeth in the world of investing.
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