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 financial journey towards a debt-free life.
Ultimately, saving for your goals, including paying down debt, is all about consistency. Once you start to see the reduction of these balances as the start of your savings plan, though, you’ll never look back.
Talk to our budgeting coach today. Call 1300 98 38 61 or email us at info@sortmymoney.com.au.