A third of South Africans put food and groceries on their credit cards
Survey shows that money issues are a source of stress in households in every income bracket, with lower-income respondents the most stressed
15 July 2019 - 12:59
Almost 30% of South Africans use their credit cards primarily to buy food and groceries, the latest Old Mutual Savings and Investment Monitor shows.
Credit should generally be used to pay for big-ticket items and emergencies and not to fund daily expenses. The use of credit for daily essentials can easily lead you into a debt trap. ..
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