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What You Should Understand About Debt Agreements

Most Australians deal with financial problems during their lifetime, and this is mainly regarded as a standard fluctuation in our finances. But what if you’re not able to resolve these problems yourself, but at the same time, you don’t want to declare bankruptcy? Debt consolidation loans are a popular solution that relieves individuals of financial stress by consolidating all their current debts into one easy to manage loan that’s payable every month. On the contrary, debt agreements are another option available

Tips on How to Manage Your Financial Issues

There’s no question that financial issues can cause a lot of stress and anxiety in our lives. Continually fretting about how you’re going to pay your bills not only makes you apprehensive, but also puts stress on your relationships, your family, and your well-being. The fact is, stressing over money isn’t going to cure your financial difficulties. If you’ve found yourself in a situation where you’re struggling to make ends meet, here are the best ways to resolve your financial

Tips On How to Save Money on Your Electricity Bill this Winter

Personally, I find there’s nothing worse than being cold. Originating from Queensland, I’m used to the hot weather and it doesn’t bother me much, but the cold hits me like a tonne of bricks! Like many of you, my electricity bill soars during the winter months and there’s a few reasons why. Not only are we using heating units to keep us warm and toasty, but the nights are longer so naturally we use more lighting during winter.   With the cost

Bankruptcy and Child Support – Everything You Have to Know

Filing for bankruptcy certainly isn’t the end of the world, but it does have major consequences that will impair your finances in the years to come. I’ve found that in most cases, focusing efforts on building a bright future is the best way for folks to manage their bankruptcy and subsequent recovery. To do this, however, people have to be aware of precisely what bankruptcy entails so they can effectively budget, plan, and rebuild their wealth in the most efficient

Top 5 Tips on How to Declare Bankruptcy in Australia

Many Australian’s have only seriously contemplated bankruptcy when playing a game of Monopoly with their mates! In spite of this, there are nearly 13,000 individuals that declare bankruptcy each year in Australia. It’s uncanny how fast people can go from enjoying a healthy financial position to grappling a mountain of debt. In many cases, events like loss of employment, divorce, or sudden medical expenses will trigger serious financial complications within just a couple of months. As opposed to wrestling with

Top 3 Causes of Personal Bankruptcy in Australia

Nobody wants to consider bankruptcy, which is easy to understand since bankruptcy will impair your financial situation for years to come. This may be one of the reasons why many people don’t look for financial guidance in times of need, because they are under the common misunderstanding that bankruptcy is the only way to fix their financial issues. Sadly, this isn’t the case as there are many solutions available to those dealing with financial difficulties. What lots of people don’t

The Difference Between Good Debt and Bad Debt – What You Need To Understand

For almost all Australian adults, debt is a part of our day-to-day lives. Whether you would like to further your skills by obtaining a degree, purchase a property for your family, or buy a vehicle so your family has transport, taking out a loan is very common simply because we don’t have sufficient money to pay for these costs upfront. It seems that most people secures a loan at one point or another, so what’s the issue? The problem is that

Best Ways to Improve a Bad Credit Report

Regardless if we acknowledge it or not, our credit report has a notable influence on our lives. It’s kind of like our health; we don’t appreciate good health until we lose it. Many people don’t even know they have a bad credit report until they make an application for a personal line of credit and it’s rejected. It can come as quite a bombshell to some, simply because even one overlooked payment that is disclosed by your creditor can remain

Weddings On A Budget – The Best Ways To Save Money When Getting Married

Most of us have a pretty good understanding that weddings can be an expensive exercise, but do you really know just how much the average wedding costs in Australia? A little over $36,000, based on Australia’s Money Smart website. And that was in 2012! Nowadays, it’s quite likely somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be an issue, but unfortunately the majority of us don’t. Let’s admit it, $50,000 is a great deal of

Personal Finance Tips – Finance Goals In Your 30’s.

There’s no doubt that hitting your 30’s is a big milestone for all of us. While some of us may have bought their first home, started a career, or even a family, this decade of our life has a major financial impact for your future. For the majority of individuals, our financial commitments have probably grown and accommodating bills and responsibilities with saving money for the future is more difficult than ever. A lot of us have dusted off the mistakes