Question 1

Is saving only for rich people?

Accepted Answer

No. Saving is for everyone. You can start with R50/week and build momentum. Small consistent deposits add up quickly — R50/week becomes R2,600/year, which can cover emergencies or build toward goals.

Question 2

What exactly is debt review?

Accepted Answer

Debt review is a formal process under South African law where a registered debt counsellor helps over-indebted individuals restructure their debts into affordable repayments. It protects you from legal action and can reduce monthly payments by up to 40%.

Question 3

Can I rebuild my credit score after debt?

Accepted Answer

Yes. Credit repair is possible. After debt review, paying on time, reducing debt, and addressing disputes improves your score gradually. Most people see improvements within 12-24 months of consistent payments.

Question 4

Is financial education really important?

Accepted Answer

Absolutely. Understanding money — budgeting, saving, debt, credit — changes outcomes. Most financial stress comes from not knowing options. Education removes shame and builds confidence.

Question 5

How does an interest calculator help?

Accepted Answer

An interest calculator shows you exactly how much debt grows over time. It demonstrates the cost of delay and helps you understand why paying extra on principal saves thousands.