Two things that you can do to live a financially healthy life
30 September 2019
In life, adults juggle many responsibilities and looking after your financial well-being is not always easy or possible.
The stress and additional expense associated with unpaid debt can have a dramatic effect on a person’s physical, emotional and financial health.
While certain circumstances may be unavoidable, it is definitely essential for each person to stay up to date and in control with their money matters.
Here are two things that you can do to live a financially healthy life:
A minimalist lifestyle
Credit isn’t free money. Try to save for items such as nice furniture, tech gadgets and family holidays rather than spending on your credit card. While saving, try to enjoy the simple things that life has to offer.
Set up a budget
The word ‘budget’ may sound complicated and feel intimidating. But it can be kept simple: net income minus expenditure and investments = the amount left for the month. This remainder can be used for any emergencies or additional contributions towards an investment or savings.
If you find yourself burdened with debt and in need of relief, you definitely have options at your disposal.
Debt Life is here to assist you in making wise financial decisions.
There is no need to feel intimidated. One of the first things a debt counsellor, for example, will do is see how your debt can be consolidated. This means paying one single amount each month at a rate that has been negotiated on your behalf rather than paying off numerous debts and perhaps falling behind on some of them.
It is a good idea to do a little research to make sure you get the best help for your particular debt problems in a sustainable and regulated manner.
Contact us for one of our friendly debt counsellors to assist you.
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