[as published in Namib Times, 13 December 2016]
Namibians are getting into more debt every month. Consumers must start now to plan for 2017 and practice more discipline in their spending habits to avoid being over-indebted. The best is to save for festive season expenses long before the decorations go up.
But for so many of us, this advice may come too late. For a lot of people, festive season spending means taking on extra debt to cover our holiday expenses. This is a bad idea as this scenario will put you under more financial strain next year.
We want to warn consumers to be careful not to overspend in December. January is normally a difficult month when it comes to paying for additional school necessities as well as normal living expenses in the first weeks of a brand new year!
Here are a few useful tips to keep your holiday spending under control:
Take control of your debt and plan carefully for your 2017 financial expenses.