debt

Online and app subscriptions may be getting consumers in financial trouble

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As the digital economy continues to grow and consumers use an app for everything, from ordering food and groceries to online shopping and entertainment through streaming and gaming apps, have you ever sat down with a copy of your monthly bank statement and calculated how much you spend on subscription expenses and online purchases? Soon, […]

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A glass holiday savings jar

Top 5 tips for a financially sound festive season

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“It’s the most wonderful time of the year,” as the festive jingle says – but the season also brings temptations to overspend. From enticing sales to ‘buy now, pay later’ offers, it’s easy to fall into financial traps and begin the new year with regret. CreditSmart Financial Services urges South Africans to make informed financial

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A lady holding a Black Friday placard

Black Friday deals vs debt: How to stay in control in tough times

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With Black Friday tomorrow, South Africans are bracing for a surge of discounts and deals. While the excitement of snagging bargains is undeniable, overspending can quickly lead to debt and financial strain. Sebastien Alexanderson, head of National Debt Advisors, shares insights into the psychology behind spending and provides practical advice to help consumers stay disciplined

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SV Capital banner/ Wrap up the year smart

‘Tis the season for #FinancialFitnessGoals

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Let’s face it: South Africans turning December into one long spending spree could be a national sport. Whether it’s throwing the biggest braai or grabbing that extra ‘just-because’ gift, the festive season feels like an open invitation to splurge. But when January rolls around, the financial hangover hits harder than expected. But it doesn’t have

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A credit card

Credit card dependency soars as South Africans struggle to survive

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South Africans have faced a challenging year dealing with sluggish economic growth, limited consumer spending power and unprecedented hikes in fuel prices that disrupt daily life, putting extra pressure on individuals’ finances. This is according to Sebastien Alexanderson, head of National Debt Advisors, who says that as the cost of living continues to rise and

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A women holding a huge calculator

Doomed… A festive season, without a financial plan

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While South Africa’s annual inflation rate fell to 4.4% in August 2024, its lowest since April 2021, the cost of living remains a major financial concern for many. Despite the slight drop in inflation, many South Africans are still struggling with cashflow issues, making it difficult to focus on saving opportunities that could improve their

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Options to consider if you’re feeling financial pressure

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Despite some positive signs, particularly a prolonged period without loadshedding, many South Africans still feel the cumulative effects of high interest rates, inflation and an underperforming economy. The repo rate has been steady for over a year ,but increased from 3.5% in 2021 to 8.25%, where it remains for the moment. The repo rate is

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A women going through her home bills

Take control of your debt and protect your credit record

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Middle-class South Africans face a crisis of soaring living costs for essentials such as groceries, fuel, medicine, education, transport and electricity, while the unrelenting high interest rates mean home and vehicle loans are drastically more expensive to service. Since November 2021, homeowners with a R2-million bond have been slammed with increases of more than R6

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A couple comforting each other over concerns about finances

Financial literacy leads to healthier, happier households

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Over the past few decades, the role of women has evolved significantly. More women are entering the workforce and often becoming the primary breadwinners. In addition to managing family and caregiving duties, many women also shoulder the financial responsibilities necessary to support themselves, their families and their households. In a world where financial independence equates

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