35 per cent of divorced respondents nominated financial stress as the key issue in prompting the divorce. A “failure to communicate” is typically what causes marital money madness, because most people treat money as a taboo topic.
Usually some form of psychological counselling is needed to deal with the underlying causes of the overspending. In addition, the person needs to seek sound financial counselling.
Your wedding day should be one of the happiest of your life – but if debt and bills are looming thanks to your excessive wedding, it puts a damper on your marriage. So be sensible, and compromise on a dream day in order to have a dream life.
False and misleading adverts for credit are unlawful in terms of the National Credit Act. An advert for credit must highlight all the costs to the buyer. Unlawful advertising often tricks consumers into applying for credit that is expensive and un-affordable for the consumer.
The most serious problem is the extent of consumer indebtedness. There can be little doubt that South Africans have been on a credit binge over the last few years.
men and women have different basic needs, making them more likely to spend on different things
Adv Kate Thambiran @ Lucid Living There is nothing romantic about debt, so many of us may decide not to tell our new spouse about our outstanding bills. For other people, the fear is the reaction of their husband or wife if they find out that you’ve gone into debt using […]
John Vaughan (Financial Advisor) @ Lucid Living “Success does not come to you, you go to it”. In this instalment we reveal a practical and effective 10-step formula to financial success:
John Vaughan (Financial Advisor) @ Lucid Living People struggling to repay debt often hear the same advice — budget better, make more money, negotiate debts, get professional help — but what happens when repayment is difficult even after following that guidance?
John Vaughan (Financial Advisor) @ Lucid Living More than 96 percent of South Africans still cannot plan their finances and close to 90 percent spend more than they earn.