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The Latest Debtfree DIGI

Monday, September 28, 2009

Debt free DIGI

Have you signed up for the next issue of Debt free DIGI?
Digi is a electronic version of the Debt free magazine
(condensed for email)

Send a Mail to: and we will send you the next DIGI.

Std and ABSA make big claims

Supposedly two of South Africa's biggest banks Standard Bank and Absa are letting the public know that they have relaxed lending criteria for consumers as well as companies.

When consumers begin to feel this "change" has as yet to be determined.

No reduction in Interest rates Sept 09

The decision not to reduce the Repo Rate is actually a "show of confidence" in the slow turning of the markets (in a positive manner). It is also "a deterrent to keep people from over reacting and further indebting themselves" says Rod de Witt a debt counsellor from Cape Town.

With the rate being as low as it has gone at any time during the last 10 years (the central bank has already cut the repo rate down to 7.0 percent to help revive the ailing economy) it was no big suprise when the announcement was made that there would be no change in the present rate.

Wednesday, September 2, 2009

Waste not, Want not

Banking charges can be a "hidden" cost that is slowly draining your coffers each month.Very few people ever take these costs into account when doing a monthly budget.

Take the time to compare different rates at different banks as well as the various banking options that exist and best suit you.

try the following sites for some comparitive bank shopping:

Remember that saving even R7 a week can mean R28 a month which means R336.00 a year.
What if you saved R70 a week?

Simple changes in your banking habits can save you a bundle. Whats more, remember to include your banking fees in your monthly budget to keep a more realistic eye on your financial position.