We can empower you to take control of your household budget to ensure a proportion of your disposable income is put to work for you. We can help you understand your options in consolidating debt and reducing the amount of interest you pay. This will release funds so that you can get further ahead and start achieving your goals.
Our advanced understanding of cash flow management has helped hundreds of Australian’s turn their financial position from snowballing out of control to prospering. It is important to know that all debt isn’t ‘bad debt’. Through a professional constructed financial plan it is possible to effectively implement debt strategies that see your ATO tax liability reduced and at the same time accumulate wealth quicker.
We realise that debt has never been easier to accumulate. With the cost of living rising steadily, and an increasing number of Australian’s living beyond their means, many have become dependent on loans in the form of credit cards, personal loans or excessive mortgages to maintain the desired lifestyle.
As a result, debt reduction strategies have become an important part of best financial advisors near me for many families across the country. Your debt reduction strategy should be specifically tailored to your current and desired financial situation and a Carefree Advisory Group debt reduction specialist is experienced in working with you to take control of your finances once again.
There are many tips to addressing your debt involving:
- Seeking lower interest rates
- Utilising an offset account
- Creating and maintaining a budget
- Creative payment plans and techniques
Carefree Advisory Group work to help you identify and understand the total amount of debt you owe. Whilst discovering the size of your debt may be unpleasant, it is crucial to understand so that effective and tailored debt reduction strategies can be implemented. We will also consider your debt’s payment plans, interest rates, due dates and additional financial penalties that may apply.
Credit card debt is one of the most common debts owned by Indians. Carefree are constantly conducting independent market research to identify the best credit cards on the market. Your financial planner will be able to tailor a credit card to your specific financial needs and usage requirements to save you hundreds or even thousands of dollars every year.
Your carefree financial planner will then work with you to reduce the size of your overall debt with achievable regular payments techniques until your debt is settled and your experiencing financial freedom. It is at this point the funds previously allocated to reducing debt can be redirected to wealth creation so that you are given the opportunity to live the lifestyle you desire in the future.