Editor’s Note

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Debtfree Editor’s Note

Don’t you just love summer? Nice warm weather, beautiful sunrises, and sunsets, going to and coming from work while the sun is still shining. It’s almost enough to make you forget about the gloom and cold of winter. Mind you, if you want gloom you only have to contemplate the recent budget speech feel the chills run down your spine.

Would it be an understatement to equate the budget speech to the time (prior to entering debt review) when you took stock of your situation and realized how deep in trouble you really were?  It certainly felt like someone threw a bucket of ice-cold water on the village drunk to try to sober him up.

‘Government is not super optimistic about the local and global economic outlook for 2019’

So, it turns out that Government is not super optimistic about the local and global economic outlook for 2019. They foresee tough times ahead with some necessary spending cuts.  With inevitable “junk” status from the 3rd big international ratings agency looming on the other side of local elections (with all the fun and games that promises) coming up, things are about to get seriously tough.  The majority of South Africa are in for a very harsh year financially.

Of course, if you are currently in debt review, then you are already ahead of the curve in dealing with the present economic situation. Well done! Rather than be the person who waited too long with their head in the sand, you are already on the road to getting out of your debt mess.

In this issue, we consider how involved in your own debt review you need to be.  After all, you are making use of a paid professional debt counselling service to help sort out your debt situation.  So, we examine the topic and see if there are some things you might still need to keep an eye on.

We also review some recent industry events, discuss the budget speech, get some tips and advice and check out the latest news too.

‘If you are already under debt review then you can sit back and enjoy the rest of summer with this fantastic weather’

If you are already under debt review then you can sit back and enjoy the rest of summer with this fantastic weather. You also get to be smug and feel sorry for Government with their debt woes and concerns. You get to continue focusing on important stuff like your family, your job and your life rather than being consumed by repaying your debt 24/7.  Leave that up to others as they try to figure out how to become debt free.

 

This article is taken from the recent issue of Debtfree Magazine which you can read right here on the site for free.

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