Times of Eswatini

Over-indebtedne­ss: How to fight it

- By Vumile Mavimbela

INTRODUCTI­ON

D OIcatnhǯot usughrvtiv­tehiws icthoouuld­t dnebvteǯra­nbde ymese, uthnattil uhnadetros­tǮoaoddulw­tǯ haantdthit­ewyamsetha­nent, seuvervniv­soe,wsi thilol duot ndǯet bte. lieve you canǯt pifayyhoeu­lartpeerri­osǯpinseor­atlnyhimon­pgatnwioar­ngoetnhigt­aǢwtǮbmiut­hyandyoewb­otf, tuos gseutrvaiv­neebwy,ciatǯrs orkpwuhrce­hnaysoeupd­ropitetort­fyi,nbauntcida­olinprgoib­tlneomns-,sltiokpe coavnerle-ianddeAbct­ceodrndein­sgs. to the entral Bank of issmwatkii­nnigȋ hBigh), repvaeyrm-inednetsbt­redlanteiv­ses fmtionadky­ioinugrdhe­inbecatova­mybeu,rsdbeeenio­n.fg cirnedairt­r, eanrsd,

here are two typesǣ Ǯ assiveǯ coatuhseer­d sbuydduenn­eomveprl-oinydmeebn­tetdnaensd­s,

have ethneorpma­ostusmaotn­tethnsatit­otnracotve­edr RYPTOCURRE­NCIES aincdlugde­ingeraftre­odmmuincvh­esetšocristemwe­intht lpirmoidte­udctsk. nowrylpetd­ogceurroef­ncfinesanc­airael dbyigiptra­ilvcauterr­entciiteie­ssthoartin­ardeiviisd­suaelds ans dreupsrees­oepnhtaist­itoicnatoe­fdvdailgui­eta. l fhileys hdaovneolt­egpahlytse­incadlelyr estšaistut sa.nd do not

ver the past months, cryptoicnu­trerreensc­tiefsrohma­vethgeainp­eudblinc,crceealsee­bdcriatuie­ssin, ginpvreisc­teosrstoas­nudrgbeu, sdiinsepsl­saeysrineg­spownisdee topraicney fsleunctui­mateinotns­s eišnipnrfelus­seendcebry­stihnotshe­ecfoienlsd­id. ered to be

his volatility means that consinuvme­setrisngou­ignhtorto trbaedianw­g arceryptht­oatwcuhror­ecnhcoieos eistorisin­kvyeasnt dinththati­sthtyopse

Cyou have several outstandin­g loans and are you having trouble making your monthly payments? You are then afraid to find yourself in a situation of over indebtedne­ss. What can you do to protect yourself? No need to panic! eimvepnots­sitbhlaetǢ maankde pǮacytiinv­geǯofof vaedr-einbttdoae­kbpitnaeyg­d. onnesdse, bwthbiechy­oinsdtohne­erǯsesaubl­itlitoyf soifdperod­thuectsfas­chtoutlhda­ctarwehfui­lely tchoeny- stand to make huge gains, the

In this article, you will discover all our advices to keep control of your expenses and avoid the spiral of over-indebtedne­ss. The Central ehdoǫw dooingktnh­oewmtahtah­ts,ǯmweosvheo­r-uinlddebot, easrnilyis­knnǯtoewno­wuhgehntot­hceovmeron­oeuyr wešepenses and debt. aplostoenp­trieasletn­ot.lose a lot of money is Investment scam warning

Bank of Eswatini (CBE), advises consumers to act with extreme caution and to be mindful of the potential risks should they invest in trade

But because financial biases work aŒugdaginesm­t eunst,anwde clsohuodul­odurlefain­rnancthiae­l signs of over-indebtednw­easrsnǣing ing eabooftuet­nnhoetasre­eoifnpgeto­hpelevaclo­ume polfabinei­tniogneomf­ptlhoeyier­dsableacra­yuwseasa

When debt becomes a burden claorngseu­mpoerditni­ogneomfptl­hoeyierdsa­bleacrayuw­seasa bhyavme uslatdiply­lebbeaenki­nstcoidpeo­nrtdseorfs­s. uihceidre adnude atonšfiaeitlyur­tehattocoh­manedslewi­tthhedsetb­ret.ss kanetd,enfǯrielel­einsdhgtoo­uppreianst­ogrtaht tetotphaet­crsrouelpd­esitramcta­iaorrnd

No cash on hand

omronaeylo­oanhbaencd­a.use we donǯt have maakekeinm­itgilsmast­oeprbeaeyd­cmeabeutns­tetowosnee­ttdaloenda­ǯetdbhetab­voter carde fgeetolroa­nys otothperay­detbhte. monthly

Late payment and default

money on the due date.

igh, fre“uent and guaranteed returnsǣ f it seems too good to be

signs:

trAulew, aityiss mreomsteml­ikbeelyr athscaat min. vestamnedn­tshecroema­erewnitohg­auasreatnt­oefedrisrk­esturns. ʹshͲiͳllͻi­n, gsentoyaBn­estwloeset­nmʹiͲllͳio­ͺnsanodf cachlapaiy­rmrgaemd idtaosctmr­haeedmmeeb,ienresbhlo­iitšpcoͳifͲne,etahnoadtf pupaidtoao­nvaedrdit͸iͲonͲaͲlͲf­edea. ilyheifcto­hmeyiptasn­myedmisbae­prpse. ared without paying individual­s and comBpeanwi­easrythoat­f contact you out of the blue to offer

Random contact: you investment opportunit­ies.

his could be through social media, tešt messages, email or even brochures.

nvestment scams tmharoyuga­hlsoa kfoncouwsn ocnontraec­tr,usituinchg

Recruiting:

SCHEME

and hold cryptocurr­encies such as Bitcoin, read on to learn more about this. For comments and feedback contact 7685 7944.

onǯt take on more debt andut lboaacnkso­rtostocpou­vesringecšrpeedniste­csardas

How do I get out?

umpunchewa­sdepbotsss.ible to avoid running

Cuotoruetd­uucnenepca­eysmsaerny­t eoxbpleign­asteiosns,

rwehvaietw­yoyuoucran­spelinvdei­nwgitahnod­utchȋeovoe­sne itnemorpdo­erra. rily) until your finances are

reate a schedule based on your income and the due dates of these

Make a payment plan

wpahyamt yeonut ǯroebpliga­yatiniogne­sacsho myountkhn. ow

o avoid living beyond your means iyoanonrcu­doicmlpaae­tnienrarte­onhadsalal­vyoviunain­tfggfgostr­o,idnd.bgrosawrtr­oouwspeaem­lwiosntheo­aytf

Draw up a budget

get hioleldsoa­fvtihneg laistetsht­emboebsitl­ewoarybuto­y

Spend money wisely

aopntieown cainr, acelrotani­ncocuilrdc­ubmesatagn­oceosd.

owever, we should think carefully aobuoruftu­thuorewfib­noarnrcoew­s.inAgddmita­ioynaflfei­nctformati­on from as a friend or colleague, who may

santander.com.

claim to have invested in the cryptocurr­ency product and made good returns.

ost intivnoegs­mtymaokeue­ntaa lrismucasi­hmtesdetcp­iimrseieos­nsou,ffrbeeyr, sdyeoilslu­counts,

Pressure to invest: or bonus if you sign up befhoerye ardeenadot­linliec.ensed by the itnhasownr­caiitayiln­ai.nedrvtiche­s eengturala­l tBoraynkAu­o-f

Be sceptical if you ešpecriaesnh­ciengdeola­uyts oyrouhravi­ingvetsrto­muebnlet

Issues with receiving payments:

ftuonydosu. rA nbamlaenco­enshthoewi­ngveusptmn­enšt swheobwsit­negotrhrae­tcethiveiy­nghaavsecr­emeandseho­at payment to your account is no guarantee you will receive your funds. mers trick cryptocurr­eonmcye isncvaemst­ors through fake apps available

Fake mobile apps:

folray dtoowrenla­onaddApthp­rleouAgphp toroeg. le

 ?? ??
 ?? (Courtesy pic) ?? There are websites, mobile apps, firms, and individual­s offering investment­s in cryptocurr­encies that promise high returns. As with all investment­s, the bank encourages consumers to make sure they understand what they are investing in, and the risks associated with the investment­s.
(Courtesy pic) There are websites, mobile apps, firms, and individual­s offering investment­s in cryptocurr­encies that promise high returns. As with all investment­s, the bank encourages consumers to make sure they understand what they are investing in, and the risks associated with the investment­s.
 ?? (Courtesy pic) ?? To control your budget and maintain your ability to pay and repay, it is essential to keep an eye on your finances.
(Courtesy pic) To control your budget and maintain your ability to pay and repay, it is essential to keep an eye on your finances.

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