Learn to live within your means

The Star Early Edition - - INTERNATIONAL - Miye­lani Hlung­wani

PO­LICE of­fi­cers, nurses and teach­ers in the pub­lic sec­tor should stop be­ing sta­tusseek­ers. In other words, they must re­frain from im­prov­ing their so­cial stand­ing be­yond what is rea­son­able by ac­quir­ing de­sir­able pos­ses­sions to im­press oth­ers.

I am not sur­prised by the re­port from the Na­tional Trea­sury that nurses and teach­ers are drown­ing in debt. They are su­per­fi­cial sta­tus-seek­ers. No won­der the bulk of their monthly in­come goes to re­pay­ing debt re­lat­ing to ve­hi­cles, bonds and per­sonal loans.

If you can’t af­ford it, you can’t af­ford. One needs to ac­cept and work on that grad­u­ally. Po­lice of­fi­cers, nurses and teach­ers are eas­ily tempted by SMSes, calls and emails that banks send to them about un­cred­ited per­sonal loans.

Most of us qual­ify for those loans, but we are not tempted to ap­ply be­cause we know the con­se­quences of pay­ing many debts at the same time. The above-men­tioned peo­ple should learn to do one thing at a time. With the salaries they earn, they can man­age to live rea­son­able lifestyles not dom­i­nated by debt.

Peo­ple should stop mak­ing de­ci­sions with­out think­ing. Think about the prob­lem and try to an­swer it and con­sider the an­swer care­fully.

That way, most of us are go­ing to be win­ners and fi­nan­cially smart. Mukhomi Vil­lage, Mala­mulele, Lim­popo

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.