To many South Africans, a debt free life seems like a dream, not reality. But, it can be done It just needs commitment. The journey to a debt free life takes dedication and hard work but over time it gets easier and easier and before you know it…you’ll be debt free and in a good financial position.
Where to start
The best way to start your journey towards financial freedom is to evaluate what position you are in. Ask yourself questions like: How much debt do I have? How much money do I have saved up to get me out of a tough situation? Where can I cut down on costs every month?
Once you have answered these questions you will also have to ask yourself if you are overindebted, this means you are spending more than you earn to pay off your debts. If this is the case, you can contact Meerkat today and we can help you to reduce your debt repayments by up to 50%, this will allow you to have enough money each month to pay all of your debt and have some left over to cover your living expenses…maybe even start saving.
Saving your money is important when you want to become debt free and more importantly, to stay debt free. Think about this; you go to the doctor and he says you need an emergency operation, but you don’t have any money to pay for the operation. In this situation the only thing you can do is take out a loan to pay off your operation. With money saved up, you can afford to pay for an emergency, instead of taking out a loan and worsening your financial situation.
The idea of saving might seem impossible but even if you start saving R25/R50 a month, your savings will build up and over time you will end up with a good emergency fund. By having this emergency fund, you can have piece of mind knowing that if something unexpected happens, you can afford to pay for it without getting deeper into debt.
Now you know why saving your money is so important, you can start saving! Meerkats new saving solution allows you to start saving from only R25 a month, with no contract or fees. Our customer portal lets you stop and start saving your money all with the click of a button. Watch this space for go live!!!! The best part is, this can all be done via your cell phone…that means no more standing hours in a queue!
Start securing your financial future today with Meerkat! Get out of debt and stay debt free by saving your money.