Be careful about the money you borrow

By Faeza
24 July 2015

Debt is like cholesterol, you need the good one and you really don’t need the bad one. Just like cholesterol, good debt can help you get where you want to be, while the bad debt can pull you under and leave you struggling through life. Our advice, borrow as little as possible

Borrow only as much as you need, and the smaller the amount you borrow, the lower your repayments will be. That little extra to “tide you over” could have a devastating effect on your budget over time as interest takes its toll.