May 2022 Debtfree DebtBusters Special Edition
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STAY POSITIVE ABOUT DEBT REVIEW<br />
BUDGET VS<br />
LIVING<br />
EXPENSES<br />
Most people find that over the years<br />
their cost of living increases faster<br />
than any increase in salary. This<br />
is common both for those in and<br />
those outside debt review.<br />
Recently one national Debt Counselling<br />
practice showed how most people have lost<br />
about 5% buying power each year since 2016.<br />
This is because inflation is growing faster than<br />
most people’s income.<br />
What this means, is that consumers who enter<br />
debt review should be vigilant in cutting costs<br />
and shopping smarter throughout their debt<br />
review, or they will eventually find they cannot<br />
keep up with their planned debt repayments<br />
and still have what they need each month (like<br />
food).
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