Mzansi Woman Shares How She Is Paying Off R56k Loan This Year, Informative Video Has People Grateful

• This incredible woman is helping South African people squash their debt quickly with hand tips
• TikTok user @nomazdiaries showed how she is paying off a R56k loan this year in an informative video
• People were so grateful for the information and explanation and thanked the lady in the comments

Debt is something a lot of people get into but have no idea how to get out of. This woman is sharing invaluable information, showing peeps how to squash their debt fast!

The people of South Africa are struggling to get by, leaving many surviving on debt. This lady doesn’t want people to drown as a result, so she’s showing them how to rise above.

Kind lady shows how she’s squashing a R56k load this year

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TikTok user nomazdiaries shared a video showing her calculations of a R56k loan that she took. Paying 25.75% interest is crippling, so she’s squashing this as quickly as possible using something called the avalanche method.

See how she explains it in the video below:

The cost of living is crippling and this woman wanst to help

Briefly News got in contact with the woman to find out what she does these videos and her views on the debt issue in Mzansi. This is what she said:

"I just felt like sharing my budget on social media…

"I didn’t study finance, and I’m not a financial advisor. I actually have a degree in consumer science.

"It’s because (why people are in debt) the cost of living is not matching the income we receive… so I’m trying to teach people to manage their finances and also have a side hustle because one income is not enough."

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South Africans thank the woman for explaining this amazing debt relief plan

People took to the comment section to thank the woman for sharing this, as they had no idea how credit actually works. Others backed the lady up, sharing how this method worked for them.

Read some of the comments:

tshepisomahlangu5 was impressed:

“This is brilliant, I want to freeze my credit card and just pay because I keep going back and using it. Thank you for this.”

Bongie advocated:

“Been doing the same method as yours, this help to quickly pay out the loan. ”

Nondzkhu was grateful:

“I love this video ”

Faheeda Khan wanted to know more:

“I would love a one-on-one, please ”

South African debt TikTok guru shows people how to pay off their loans fast, beating the crippling interest

In related news, Briefly News reported that this Mzansi Tiktokker dropped a debt hack that will have you looking at borrowed money in a new light. Interest rates are high, making it harder to pay off loans, but the good sis has you covered.

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Debt is a big problem in South Africa. With the cost of living continuously rising and wages dropping, people are stuck between a rock and a hard place.

TikTok user @nomazdiaries tried to help the people of SA manage their money better. Her most recent video gave people a new perspective on debt, showing them that interest is what is stopping them from being debt free.

Source: Briefly News