I recently saw an advertisement that said you only need one tool to save money…YOUR MOBILE PHONE.
Contrary to the myth, saving money doesn’t require a secret formula, all it requires is a call to action, so call me now!…Just kidding.

These three simple steps could help consolidate your debt in no time.

Review your current debts

Do a stocktake of all your debts, it’s as easy as scrolling through your internet banking statement or paper bill – this should only take you 1 minute.

Things to take note of:
Interest rates;
Outstanding balances – note them down to the cent;
Remaining term of the loan;
Repayments.

Compare the market

Compare your current credit card, personal loan or car loan to the market. There’s plenty of comparison websites you can search and many times lenders will have offers like, interest free periods or balance transfers that you can take advantage of and that will save you money.

Take action

If there’s a competitive offer, take action and look to refinance or transfer your debt immediately.

Another great option you can potentially look at is consolidating your debts into your home loan. This means one easy payment at a low home loan interest rate. We can help with this! We’ll tailor a strategy which could save you upwards of 15% in interest repayments whilst paying your original debt much faster.

Let’s see if you’re eligible. Get in contact with me.

“There are risks and costs to action. But they are far less than the long range risks of comfortable inaction.” –  John F. Kennedy