Christmas has been and gone and I hope all had a well deserved break!
Credit cards were making a bit of a comeback over the holiday period. Some customers are becoming more savvy about the interest rates for Buy Now Pay Later facilities and their interest rates.
Credit cards can have some conditions – minimum PAYG income and some Centrelink/Workcover and other income may not be included when you apply for a card. Interest rates can vary from under 10% to over 20% especially when you collect Rewards for your cards.
After the New Year, many home owners/renters are facing the budget once again. Overall people are becoming more aware of the cost of living and cost of increased interest rates and also rising rents for those who are still renting.
Budgets are great but the actual cost of day to day living can mean you need to increase your figures to reflect the expense of items. Banks continue to recognise this and increase the cost of living figures for home loans and personal loans as well as car loans.
Debt consolidation may be the answer to help some customers control their debt and get back on track with a sharp focus on paying down the debt in a timely period. Money can get you down that’s for sure when you emerge from the fog of Christmas but it doesn’t need to stay that way. You can take action and even be in a position to fast track payments to pay the debt off early saving $ in the process.
If you would like to know more about paying down your debt and trying to save money, please call 0403 211 361 or email hello@georgefinancialservices.com.au to discuss
#debt #finance #money #savings
