Financial planning Debt Management in South Africa, Debt management in financial planning in South Africa

Debt management in financial planning in South Africa

"Financial planning debt management in South Africa"

First  FinFit Test


By following this test, you will have to prepare a list of all your  expenses for a month. 


Now, note down your monthly income which is paid into your bank account.


Write down your monthly income R……………..

Now:-   Subtract

your monthly expenses

R .................

Total difference


Now, check is your income more than your expenses.  If yes, then your financial situation is healthy in this area & move to the second test. 


But if your income is less than your expenses, then you should consider a  fitness program 

Second FinFit Test

Debt management in financial planning in South Africa

The purpose of this test is to encourage  you not to spend more than 30% of your monthly income on monthly debt repayments. 


Write down your monthly income:-   Example: - R10 000 x 30%  =  R3000 your monthly debt repayment, must not exceed R3,000 


      Income  R ......  x 30%    =     R  ...... 

       Your monthly Debt Repayment  R ......    


If ...   your debt repayment exceed 30% you are counted as being in danger of being financially unfit. 


You may require an Action Plan which can help you to reduce your debt. 


You can also use the GOOD Plan. .. (Get Out Of Debt ) to assist you how to reduce your debt ...

Choose to change 

 If you are not feeling like you are financially fit then it is important to choose the option of changing your financial fitness program ...


Firstly:-   Take the two DIY Tests which will help you to measure your fitness.




Secondly:- You need to start planning ahead, not for today or this month only ...  Plan for tomorrow next week next month next year ...  by using the:-




By following this road map, you will gain an opportunity to improve your financial fitness using an Action Plan like having a Road Map.

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Shop 3, 49 Lyell street , CERES

Western Cape , South Africa 6835


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