Debt: Your DIY repayment plan

Kristia van Heerden Debt, Latest

Your debts may have taken on a life of its own during the COVID-19 crisis. In this article we are going to give you the tools to put together a clearly-formulated debt repayment plan to pay off all your debts in a year. We’ll illustrate how renegotiating your monthly installments can help you get rid ...

Debt: Why debt costs money

Kristia van Heerden Debt, Latest

Sometimes debt is our only hope in a difficult situation. When debt is used intentionally, it can be a wonderful resource. Perhaps debt has carried you through a difficult period during lockdown. Sadly, there is a fine line between a healthy amount of debt and debts that are out of control. That’s because debt isn’t ...

Debt: Avoidance fees

Kristia van Heerden Debt, Latest

If the current pandemic has made it impossible for you to service your debt, all hope is not lost. There are steps you can take to keep yourself from being handed over and to buy some time. Taking steps to remedy this situation can save you money in the long run. As we’ve explained before, ...

Debt: My rights

Kristia van Heerden Debt, Latest

When your debt spirals out of control, you might be tempted to avoid thinking about it until you have the emotional energy to handle the situation. If you've also lost all or part of your income as a result of Covid-19 lockdown measures, the crisis could seem overwhelming. That's perfectly understandable, but there’s a real ...

Debt: I’ve been handed over

Kristia van Heerden Debt, Latest

The COVID-19 lockdown has cost many South Africans their income. Without an income it's impossible to meet debt obligations. While many banks and companies offer COVID-specific payment breaks, it might not be enough to help you get back on your feet. Finding out you've been handed over when everything else feels so chaotic is extremely ...

Debt: Five habits keeping you in debt

Kristia van Heerden Debt, Latest

Over the past four months, we’ve spent time understanding why debt can spiral out of control and what it means when your accounts get handed over. We’ve looked at the cost of avoiding debt collectors and offered a strategy to pay back what you owe, possibly getting a discount on your outstanding debts.  This week, ...

Wealthy Maths: COVID-19 action plan

Kristia van Heerden Latest, Wealthy Maths

Many of our best-laid financial plans got wrecked by COVID-19. Not achieving our financial goals or facing financial insecurity during this period is extremely stressful, but a good financial plan can be adapted to all circumstances.  Since each situation is different, this Wealthy Maths post won’t include a calculation per se. Instead, we’ll be sharing ...