What will you do with that 6%?

Friday, May 08, 2015

Whatever you do, do not use it to access more credit! Leading local certified financial planner, Martin Hoko, says the temptation from the recent public service salary review will be to use it as leverage for more debt.

“The worst thing someone can do would be to get into more debt, to get that ‘top-up’ and get more credit,” he says.

Hoko says of his client base, he has found that public servants are among the most debt-stressed, as they have greater access to credit schemes. Credit providers of all types view public servants as the crème de la crème of customers, as they are backed by unions and government.

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What will you do with that 6%?

Whatever you do, do not use it to access more credit! Leading local certified financial planner, Martin Hoko, says the temptation from the recent public service salary review will be to use it as leverage for more debt.

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Serowe man 'loses' P1m in trading

Inspect the voters' roll!