Category: Credit and Loans
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Ten Tips for Managing Debt
Managing debt can be daunting, but these ten tips can help you regain control and reduce financial stress.
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Financial recovery: should you DIY or outsource your debt management?
Credit and Loans, Debt Management, Economic Insights, Financial Health, Financial Planning, Financial Wellness, Personal Finance, Support ServicesAustralia’s average household debt rose to $261,492 in 2021-22, while disposable income grew modestly to $139,064. With rising debt levels, interest rates, and living costs, many Australians are turning to debt management companies for help. These companies offer services like debt consolidation and creditor negotiation but come with their own set of pros and cons.…
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How having a flat tyre could send many Australians flat broke
Consumer Behavior, Credit and Loans, Diversification, Economic Insights, Financial Planning, Financial Wellness, Lifestyle, Lifestyle & Well-being, Personal FinanceThe Australian Bureau of Statistics reports that the national saving ratio has plummeted to a 17-year low of 1.1% of total disposable income. Nearly half of Australians have less than $1,000 in savings, with 20% having no savings at all. This financial instability is causing significant stress, with 76% of respondents feeling strained by their…
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Understanding your spending is key to your personal wealth
Understanding your spending is key to your personal wealth Each year in early May, the Treasurer delivers the Federal Budget and many people across Australia listen intently. The Budget tells us how the government plans to spend its revenue in the coming year, whether it can afford to give us tax cuts, and whether it…
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What could a recession mean for me?
What could a recession mean for me? More than just a buzzword thrown around by the media, a recession represents a significant decline in economic activity that can span months, even years. Think of it as the winter of the economic cycle – it can be cold, challenging, but it is not permanent. A recession…
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