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Finance

Declaring Bankruptcy is Always the Last Resort

As Australians struggle with increasing debt burdens, it is no surprise that personal bankruptcies are also on the rise. In fact, three times as many individuals have declared bankrupt in order to absolve their debt obligations compared to 20 years ago. Whether it is due to unmanageable high interest debt like credit cards or personal loans, rapidly […]

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Debt Management Financial Counselling Financial Hardship

Cut High Interest Credit Cards for Immediate Debt Relief

Earlier in 2015, millions of Australians looked forward to the relief that was meant to come from the official interest rate cuts to 2.25 per cent. A decrease to the interest rates from The Reserve Bank of Australia should equate to a lower cost of financing used for major purchases, including mortgage loans, auto loans […]

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Debt Management Budget Tips

Best Money and Debt Management Starts With You

Managing your own finances can seem like a daunting task but in reality it only takes some planning. Instead of letting bills pile up and making late payments, it is much easier to have everything settled at the end of the month so you can focus on the more enjoyable things in life.

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Budget Tips Debt Management Financial Hardship Tips For Families

Fast Budget Relief Needed for Australian Households

Australian household debt is the highest in the world and it is only getting worse. Tied with Denmark, Australia’s household debt is 130 per cent of GDP and that is far above the advanced world’s average of 78 per cent of GDP. That is mostly due to Australia’s obsession with buying real estate but is also caused […]

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Budget Tips Tips For Families Tips for Singles

Budget Tips for The Single Mum

Many single mums think of budgeting as denying oneself of the joys when it comes to spending. Budgeting helps you gain financial flexibility in order to cope with life changing experiences such as divorce, children or any other things that may influence you financially.

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Budget Tips Tips For Families Tips for Singles

How to Budget Correctly: Budgeting in 2020

Does it feel like writing down a budget plan takes up too much time? Want to refine the process? Read on to find out how to budget correctly this year.

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Budget Tips Finance

The 2014 Australian Budget

The Federal Government’s 2014 Australian budget has been released and there are some major changes that people will need to take note of. Some of the modifications will have immediate impacts on people’s finances, while others will have longer term effects, which need to be kept in mind. Some people and households will be affected more heavily than […]

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Debt Management Financial Counselling

Australian Household Debt in 2014

The media buzz around debt in Australia has increased significantly. Most of the attention in the parliament and in the media seems to be focused on government debt. However, there is one sector of the national economy that has been largely ignored: Australian household debt. It is not just the government that has been accumulating debt over the […]

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Debt Management

Getting Rid of Debt

Over the past two decades, it has become increasingly easy to obtain credit. The combination of the booming economy and rising household wealth has created an environment where spending is encouraged, even when the money isn’t there to spend. Using debt to pay for major purchases and living expenses has become the norm. Getting rid […]

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Financial Counselling Financial Hardship

What’s Different About Financial Hardship Now?

Since the introduction of the National Consumer Credit Protection Act or NCCP much has changed with credit providers in relation to offering their clients financial relief when required. Prior to the National Consumer Credit Protection Act or NCCP it was a credit providers moral obligation to offer financial relief or assistance to their client’s, now […]

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Debt Management Financial Counselling

How A Debt Management Solution Can Help

It can be quite embarrassing for a person to admit that he/she has a financial problem. But this is where most people make a big mistake. If they realise their predicament and seek help, they can deal with their debts in a much better way. Finding the right debt management solution is essential.