The day we stopped guessing - and faced our debt reality We thought we were managing fine… until we added up every credit card, every loan, and every overdraft. The truth hit us hard - and changed how we saw our financial situation. The Wake-Up Call When we built the Debt Reality-Checker , it wasn’t meant to impress anyone. It was meant to shock us into action . We wanted to know: How much we really owed How much interest we were actually paying How much of every payment was

We believe that our monthly income less our monthly expenses—the surplus—is where the "magic" lies. Taking a closer look at our monthly income and expenses Understanding Our Monthly Income and Expenses A quick recap from a previous blog D1 - The Plan We're Using to Crush Our Debt for Good . In that post, we stated: First, we will compile a monthly income statement, just like any business would, to determine if we have a profit or a loss —or, more relevantly, a surplus or def

We've researched the options of debt consolidation   and   debt review  and determined that these aren't good options for us - though it could be different for you. Before starting our journey of paying off a lot of expensive bad debt, we wouldn't be thorough if we didn't also research the option of personal sequestration . Our perception used to be that we could just wipe out a big chunk of our debt and start over. But we've since discovered it's much more complex than that.

Imagine if there was a way to instantly (well, almost instantly) save a significant amount of money with one small change. For us, there...

We're going to look at the actual cost of our "bad debt" and how it is a lot more than what we thought. The cumulative costs of our bad...

The banks aren't going to like us very much for exposing this hidden "trap". But so what! We're here not only to educate ourselves but...

While researching the subject of debt review as in our previous post D2-Is Debt Review a Good Option For Us? , the subject of debt...

In our last post "Our Debt Busting Strategy" , we mentioned that debt review has become somewhat of a buzzword in South Africa. Most...

Introduction Our debt-busting strategy is still a "work in progress". At this stage, we don't have an exact plan. But, I consider myself to be a very logical person. A "thinker" and "strategist", so to speak. Therefore, I am going to let common sense be our guiding light . That combined with logic and intense research . What also drives my mission is the fact that I have some trust issues—or so I've been told (lol). Trust issues, specifically when it comes to people telling