Being able to manage your finances and debt effectively is the key to a healthy savings routine. In this series of podcasts, The Truth About Money Team looks at different types of financial issues you may be facing and explores solutions to tackle them. In part 4 of this 8 part series, we take a look at the pitfalls of debt and how to avoid them.

Debt can be crippling both financially and emotionally, most consumers underestimate what debt can do to their lives and how it can impact you at work and in your personal life. This is especially common in the younger generation who are just starting out and are beginning to earn a proper salary. That’s why in this podcast, we address the pitfalls that can lead to debt and learn how to avoid them so you don’t land into any financial trouble.

Part 1:

 

Part 2:

 

Keep an eye out for part 5 of our Truth About Money Podcast Series, where we continue to explore and unpack every day financial situations.

The Truth About Money is an initiative powered by 1Life, providing South Africans with a Financial Education at Boston City Campus valued at R2,500 – for free. The education course was created by The Money School and references Buffett, amongst others, and we teach you what it will take for YOU to build wealth for yourself. All you have to do is apply here: www.truthaboutmoney.co.za