Do you spend more than you currently earn?
So you’ve done a few big fetes, and ‘palanced’ all over town in your two-day-old costume and new shoes, but when you check your bank balance, the account is looking a bit worn down. Or perhaps you got a new turbo, some suspension, rims andtyres, a pair of new seats, or a few crates of Hot Wheels instead. Whatever it is that you like to spend on usually results in carefully measured budgeting, and more often than we’d like to admit, borrowing in the form of credit cards, sou-sou arrangements, bank loans and the like. Usually, when this type of situation arises there are two main solutions– reduce your expenditure and increase your income.
- Written by Narend Sooknarine
- Category: Financial