Call for 'no debt December'

JANUWORRY: WHY LIFESTYLE LOANS DISGUISED AS CHEER BECOME FIVE-YEAR BURDENS

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With so much financial uncertainty around, you never know if more debt can make your life more difficult if the economy suffers a blow.

It is better to make this December a "no debt month" because as South Africa ends the festive season, a powerful counter-narrative is emerging, urging a radical shift in how we approach our December spending.

Chris Coetzee, CEO of the FinFix Group, is spearheading a financial movement, called "No Debt December". His message lands in a year when global markets soared - perhaps, as he suggests, a little too high.

He warns that there is an unsettling truth behind the booming market.

"The financial backdrop in 2025 is unusual: international and local stock markets are booming simultaneously," he says.

"With US and local markets rallying, gold prices at all-time highs and reaching new peaks, there is even talk of an AI bubble.