[Sponsored] Credit is a great tool but you need to stay in control of what you owe, especially during these trying times of the COVID-19, here are some tips from AbsaSouthAfrica to help you stay in control of your debt and manage your finances better:
1. Manage your monthly budget effectively
It prepares your finances for retirement by creating a structure of saving for long-term goals when you aren’t earning an income. Before your swipe your card, you should know when you are able to repay. If you are not using a 57-day interest-free period, interest will be payable on your purchase, for which you will need to budget. Determine if you can afford to buy the item at its cost plus the interest.
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