Live within means to master pay day blues

Carefully plan your finances for the month ahead

- By Boitumelo Kgobotlo

“Trying to keep up with the Khumalos is the quickest way to get into debt,” warns Cheslyn Jacobs, chief commercial officer at TymeBank.

“Live within your means - and that means sitting down with your budget and your bank statements on pay day and carefully planning your finances for the month ahead,” Jacobs says.

Jacobs advises that if you often run out of money shortly after pay day, it may be time to rethink how you manage money when it lands in your account.