Last of the big spenders?

'Debt', the dreaded word. Debt does not have to be a negative word though, as there are two kinds of debt, one being bad and the other good.

The bad debt applies to unnecessary wants, which usually end up draining your cash flow. Good debt on the other hand allows you to build assets, thus giving you a return on your debt!

Questions you should be asking

Do your expenses ever exceed your income? Are you in overdraft? Is your credit cards maxed to the limit? Do you pay your accounts timeously? Or do you wait for the dreaded phone call? Do you save the proportionate amount of your income, as you should?

Do any or all of the above apply to you? If they do, the first step to solving you debt problem is to be totally honest and calculate how much debt you are actually in.



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