Monday, February 1, 2010

PRs, new citizens chalking up huge card debts

Top reasons for indebtness were pay cut and retrenchment (job-related problems), followed by gambling, medical bills and renovations.

For those who are in debt, advice has been given to cut down on discretionary spending like eating out or clubbing and to take public transport more often. With better management, you can cut down on relying on credit facilities.

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