Debt Consolidation Info Australia » Debt Management Advice http://debtconsolidationinfo.com.au Debt Consolidators Brisbane, Sydney, Melbourne, Perth, Adelaide Mon, 07 Dec 2009 03:36:45 +0000 http://wordpress.org/?v=2.6.1 en Top 5 tips for getting out of debt http://debtconsolidationinfo.com.au/top-5-tips-for-getting-out-of-debt/ http://debtconsolidationinfo.com.au/top-5-tips-for-getting-out-of-debt/#comments Wed, 10 Sep 2008 00:58:48 +0000 Michael http://www.debtconsolidationinfo.com.au/?p=97 In this article Debt Mediators lists the top 5 tips for reducing your debt. A few simple things can reduce the amount you need to pay back, and also decrease your need for loans and financing.

  1. Pay your smallest debts first
  2. Pay off credit card debts with savings. You will only recieve 8 per cent interest on savings which being charged on average 17 per cent on credit card debt
  3. Brown bag it! - buying lunch every day could be costing you up to $3650 a year, so make a sandwich
  4. Work out what it’s worth. The next time you buy something ask if it’s worth that many hours of your life at work
  5. Seek help, talk to a debt consultant or a financial adviser, read and educate yourself
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