Tag Archives: Financial Counselling
Financial recovery: should you DIY or outsource your debt management?
Australia’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. Alternatively, DIY strategies such as budgeting, negotiating repayment terms, and seeking government assistance can be effective. Understanding your options and taking proactive steps are crucial for financial recovery. Continue reading
Posted in Credit and Loans, Debt Management, Economic Insights, Financial Health, Financial Planning, Financial Wellness, Personal Finance, Support Services
Tagged Australia, Budgeting, Cost of Living, Credit Cards, Credit Score, Debt Consolidation, Debt Management Companies, Debt Management Fees, Debt Reduction, Debt Repayment Prioritization, Debt Statistics, Disposable Income, DIY Debt Management, Financial Assistance, Financial Counselling, Financial Difficulty, Financial Literacy, Financial Recovery, Financial Stress, Government Assistance, Household Debt, Income Fluctuation, money management, Moneysmart, MyGov, Negotiating with Creditors, Outsource Debt Management, Repayment Plan, Rising Interest Rates, Spending Plan, Structured Payment Schedule
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When to Seek Financial Counselling: A Guide for Navigating Financial Challenges
When to Seek Financial Counselling: A Guide for Navigating Financial Challenges Financial challenges can affect anyone, regardless of age or profession. Whether you’re managing cash flow issues, struggling with debt, or facing financial hardship, it’s essential to know that help … Continue reading
Posted in Community & Engagement, Financial Health, Financial Wellness, Lifestyle & Well-being, Spiritual Perspectives on Wealth, Support Services
Tagged Budgeting Assistance, Centrelink Payments, Credit Counseling, Credit Solutions, Debt Helpline, Debt Management, Economic Hardship Resources, Emergency Financial Aid, Financial Assistance Australia, Financial Counselling, Financial Hardship, Financial Literacy, Financial Planning Help, Financial Stress Relief, Financial Support Programs, Financial Well-being, Free Financial Services, Managing Financial Obligations, Money Care Services
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