Credit buying is much like being drunk. The buzz happens immediately and gives you a lift… The hangover comes the day after.”— Joyce Brothers, American psychologist
Have you ever bought something just to make you feel happy - or appear more successful – not because you need it?
If you are serious about getting rid of debt; a good starting point is to be honest with yourself.
So said Certified Financial Planner Kim Potgieter.
She offered these six ‘to-dos’ to get debt free:
Come clean with yourself. How much debt do you really have?
Stick to your plan. Write down what your ideal life would look like.
Keep track of your monthly expenses.
Pay your debt from the highest interest rate to the lowest.
You are your greatest asset. Increase your earning potential by upgrading your skills.
- Ask for help. A Certified Financial Planner can help to develop a realistic debt strategy.
Ray White (in for The Money Show’s Bruce Whitfield) interviewed Potgieter.
For more detail; listen to the interview in the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby THE NEWSROOM
The Money Show’s Bruce Whitfield interviews BOS Brands CEO Dave Evans.
The Money Show’s Bruce Whitfield interviews Ntuthuko Shezi, founder of a company that raises cattle on small investors' behalf.
The Money Show’s Bruce Whitfield asks ad expert Andy Rice to share with him the week’s advertising “heroes” and “zeroes”.
The Money Show’s Bruce Whitfield interviews Michael Jordaan, cofounder of the app-driven, 45% black-owned Bank Zero.
Bruce Whitfield asks regular book reviewer Ian Mann to discuss “Reality is Broken” by visionary game designer Jane McGonigal.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.
United States President Donald Trump has disclosed his first stop on an African visit.
The style of visual arts architecture has become part of a few impromptu tours by Jeffrey Cole in the underrated East Rand.
Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.
A new online tool has been developed to put what you pay your domestic worker into perspective.