Most people only dream of becoming financially independent. But not everyone will achieve FI. The reason for this is that most people don’t commit, don’t believe it’s possible or they plan poorly. If you’re serious about achieving financial independence, you’ll have to define what that means to you and acknowledge where you currently stand financially.… Continued
As tough as they may be, recessions are inevitable, and we must prepare for downturns in the market. Luckily, there are strategies that will help you find the best return on investment opportunities, even during a bear market or downturn. As an investor, you want to know that you’ll see a good return on your… Continued
South Africa has been in lockdown to help flatten the COVID-19 curve. During this time we’ve all faced various financial challenges. Some of us have even had to endure job losses or salary cuts. So how can you cut your monthly expenses and survive the lockdown? Here are 7 ways to help you cut your monthly expenses… Continued
If you have more debt than you can handle you might want to consider some form of debt relief. While South Africa offers a variety of debt relief options, you’ll need to find the best one that fits your financial situation. A debt consolidation loan might be an option, but is it the best option… Continued
Figuring out how much money you should save from your salary each month can be difficult. Should you save a fixed amount or a percentage of your income? Does increasing your savings rate means sacrificing other expenses? How much of your income can you save during lockdown? These are all important questions, and the short… Continued
Based on historical data, it seems that a financial crisis is likely to happen every 25 years – give or take. The same data also shows that a recession is likely to happen every 8 years. Based on this research, it is clear that we are all likely to experience financial hardship at least once… Continued
The coronavirus has had a huge impact on our economy. South Africans are taking the necessary steps to combat the financial strain. Banks have stepped up by offering payment holidays to their customers. Although payment holidays will offer immediate financial relief, it will cost you in the long run. It is great that banks have… Continued
Lockdown. That dreaded word that has caused most of us to struggle financially. Between salary cuts and job losses, many of us are feeling the pressure. Although the government has stepped in to help some South Africans cope financially. These funds are not a sustainable solution. Find out more about the relief fund here. You… Continued
There is no question that we will experience an economic downturn during 2020 and for some time beyond. The current trend has created a debate as to where exactly the economy is heading. Some economists say we’re heading for a global recession, while others predict a global depression. One thing is certain though, an economic… Continued
Our world looks a lot different than what it did a month ago. Dealing with change is not easy, especially when it is as drastic as a national lockdown. However, this is an ideal time to start managing the things you may think you have no control over. Think about your financial situation. How are you managing your… Continued
We look forward to the opportunity to get you debt-free!
You can start your application process already. Simply download your assessment or fill in our online application and get one step closer to becoming debt-free with Debt Rescue!
