Debt Counselling in Springs

Are you living in Springs and you are struggling with debt? Debt counselling solution from Debt Sage could be what you need. Debt Sage is a leading debt counselling firm with many years of experience in the debt counselling industry.

The first step in solving money worries is to keep track on your spending. This process is simply budgeting. You start by identifying the money you receive every month. The next step is to identify where you are spending your money.

If you find that you are spending too much? Then you need to cut back. This means you need to prioritise spending, which means making certain budget items, such as needs more important than items which are wants. Wants are the things that you would like to have, like the latest cell phone. Needs are the things that you have to have, like accommodation, food.

Why budget?

Through budgeting you avoid spending unnecessarily on items and services that do not help you to meet your financial goals. It keeps you focused on your money goals. It provides you with an early warning for potential problems. It helps you organise your spending and savings: By dividing your money into categories of expenditures and savings, a budget makes you aware which portion of your money should be allocated to your expenses, debt repayments and savings.

What happens if the income exceeds your expenses?

A lot of people hesitate to make needed changes even when they see a problem getting worse and worse. This can be true of people struggling with debt. Most people with debt mistakenly think that the answer to their situation is another loan, more borrowed money to throw at the debt problems you already have.

Is there any hope?

It is much better to reduce your spending by making big changes. If you have already reduced your spending and can’t earn more, but still struggle to repay your creditors, then the good news is that you still have options which can help you such as debt review or debt counselling.

Contact Debt Sage, the expert debt counsellors in South Africa today. We will together review your case and see how we can help you.