Financial freedom: How I paid off R85 000 of debt in six months
In this podcast Maya speaks to Johan the winner of the 2023 Absa/City Press Money Makeover Challenge about how he reduced his debt by over R85 000, built up an emergency fund of R42 000 and increased his retirement contributions – all in just six months.
Joined by his financial adviser Takalani Badugela, Johan discusses how small day-to-day choices over time created a significant debt burden and about his decision to enter debt review.
Johan is an inspirational story of what is possible when you commit to a goal.
Each year six people are selected for a money bootcamp. Each candidate is paired with an Absa financial adviser and together they set the goals for the following six months.
This is the seventh Money Makeover Challenge and year the candidates exceed their goals and expectations.
This challenge is absolute proof that you can turn your financial situation around in just six months – but it requires commitment.
Read the full recap of our winners here:
Find out more about the contestants and their advisers here:
If you really want to get your finances in order, you have to start tracking your spending. If you cannot commit to that, it is unlikely you will be able to reach your goals.
City Press will follow the candidates’ progress on the first and third week of each month, as well as online on the Money Makeover page:
Follow the journey – and join in – @CPMoneyMakeover and #CPMoneyMakeover on Facebook and Twitter
Absa Enterprise Development assists SMEs with access to business development support, markets access and access to funding based on certain criteria’s being met. For further information on Absa Enterprise Development you can email ed@absa.africa
You can follow the story on social media #CPMoneyMakeover
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