debt repayment Archives - Page 5 of 7

How To Handle Financial Debts

on April 14, 2023

If you have high-interest debts, such as credit cards, personal loans, or car loans, the thought of not being able to save until you have paid these off in full can be dispiriting. Fortunately, there are ways to pay off your debt without putting a strain on your budget and savings. Take advantage of the zero-per-cent interest with the goal of solely paying down old debt. More about this tip here: https://sortmymoney.com.au/a-z-budget-planning-podcast-series-episode-13-y-z/ It’s important to know that this method requires self-control to ensure you don’t give yourself more debt. Sticking with the program is a great way to turbo-charge your […]

Be Consistent in Budgeting Your Money

on November 23, 2022

David Rankin’s top budgeting tip is actually consistency. Weekly living expenses like food, petrol, and other daily expenses, when left to their own devices, can fluctuate wildly – hence the importance of making sure it is under control. Consistent debt repayments are also a key ingredient of this budgeting tip. Going hard at that credit card or home loan might feel good at the time, but finding yourself without enough to pay the next power bill, as a result, doesn’t feel so great. More on this tip here: https://sortmymoney.com.au/number-one-budgeting-tip/ Contact us at 1300 98 38 61 or email info@sortmymoney.com.au.

Beware of the Debt Trap

on July 22, 2022

The debt trap is real. Dealing with debt, especially multiple ones, requires immediate action. Before starting with debt management, look into damage control first. The goal of debt management is to pay off the debt in the most efficient way. With the right course of action, you should be able to free yourself from the debt trap and start building your wealth, finally. For more money advice, email us at info@sortmymoney.com.au.

Set Reminders for Regular Monthly Payments

on February 18, 2022

𝐃𝐨𝐧’𝐭 𝐛𝐞 𝐥𝐚𝐭𝐞! Set a reminder for your regular monthly payments, so they don’t take you by surprise. A forgotten bill can become a setback, especially when the budget is tight. 𝙆𝙚𝙚𝙥𝙞𝙣𝙜 𝙖 𝙙𝙞𝙖𝙧𝙮 𝙤𝙛 𝙧𝙚𝙜𝙪𝙡𝙖𝙧 𝙥𝙖𝙮𝙢𝙚𝙣𝙩𝙨, 𝙘𝙤𝙣𝙨𝙤𝙡𝙞𝙙𝙖𝙩𝙞𝙣𝙜 𝙗𝙞𝙡𝙡𝙨, 𝙖𝙣𝙙 𝙖𝙪𝙩𝙤𝙢𝙖𝙩𝙞𝙣𝙜 𝙥𝙖𝙮𝙢𝙚𝙣𝙩𝙨 𝙖𝙧𝙚 𝙟𝙪𝙨𝙩 𝙨𝙤𝙢𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙨𝙞𝙢𝙥𝙡𝙚 𝙩𝙧𝙞𝙘𝙠𝙨 𝙩𝙝𝙖𝙩 𝙬𝙚 𝙪𝙨𝙚. For a personalised financial plan, consult with our financial coach today. Email us your enquiries at info@sortmymoney.com.au.

Plan Your Mortgage Payments

on February 14, 2022

“𝐀 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐢𝐬 𝐚 𝐦𝐚𝐫𝐚𝐭𝐡𝐨𝐧, 𝐧𝐨𝐭 𝐚 𝐬𝐩𝐫𝐢𝐧𝐭.” There are times when you might be happy just to make the repayments. And there are other times when you will be able to get ahead. Taking a long-term view helps you to keep perspective, to be sensitive to the current financial context, and to avoid putting yourself under unnecessary pressure. Need help planning your monthly mortgage payments? Consult with our expert financial coach. Email us at info@sortmymoney.com.au to learn more.

Debt Under Control

on October 9, 2021

A professional budgeting consultant gets your debt under control by restructuring it and finding the best payback scheme suitable for you and your lender. With the help of budgeting, long-term planning, and implementing the right course of action, your balances will gradually reduce. Ultimately, your financial burden will become a thing of the past. Be guided by Sort My Money’s budgeting consultant today! Email us at info@sortmymoney.com.au to learn more. Check Financial Coach David Rankin here.