By using “lazy money”, Nono paid off her wedding loan in less than six months and, by the end of the year, had made her last car payment. This achievement saw her become runner-up in the 2020 Absa/City Press Money Makeover competition.
Sometimes it takes a courageous step to get your finances back on track. In showing her commitment to becoming financially free, last year’s Money Makeover runner-up Gugu swallowed her pride and moved back home as a way to save money. In just six months, she had paid off all her debt, which had been equal to three times her monthly salary.
In taking control of her finances, Gugu found that, not only did her finances improve, but so did her mental health.
The Absa/City Press Money Makeover Challenge is once again open for applications. There are only six places available so only the most committed applicants will be considered.