We are very likely to see a few interest rate cuts coming our way during 2009 in South Africa. So use your extra cash from interest rate cuts (and any other source for that matter) wisely, pay off your debt and become financially free!

Here is another excerpt from the next paragraph: Shoppers are so easily tempted by “bargains”, they tend to ignore the fact that they are buying something they would never have bought if it hadn’t been on sale. Next time you’re tempted to buy something, simply because it is on sale, ask yourself: would I buy this if was not on sale?

If you pay premiums or contributions to a savings plan on which you only earn interest of say 9%, but on the other hand you have to pay 19% interest on your bank overdraft account, and you continue with this practice over a period of time, you will eventually save yourself bankrupt!