Declaring Bankruptcy, Bankruptcy, Bankrupt, Bankruptcy Sydney, Bankruptcy Advice
September 11, 201822

Tips on How to Manage Your Financial Issues

Posted by:Charles Bosse onSeptember 11, 2018

There’s no question that financial difficulties can inflict a lot of anxiety in our lives. Continually fretting about how you’re going to pay your bills not only makes you anxious, but also puts stress on your relationships, your family, and your well-being. The fact is, stressing over money isn’t going to solve your financial complications. If you’ve found yourself in a situation where you’re struggling to make ends meet, here are the best ways to address your financial problems so you can live a worry-free life again.


Document your monthly costs

The first step in taking care of your financial problems is figure out exactly where your pain points are. Whether you’re dealing with a large credit card debt, you’re attempting to increase your retirement savings, or you just spend too much on eating in restaurants during the week, pinpointing the main causes of your financial problems will reveal to you which expenditures should be prioritised so you can get your finances back on track. Get a pen and paper and write down your current monthly costs including debt repayments, bills, food, transport, tuition, and any other items you usually spend every month.


Decrease your expenses

Once you’ve got your monthly expenditures in front of you, take a closer look and find which expenses can be decreased and which can be cut out altogether. While your mortgage repayments obviously can’t be decreased, you can likely decrease your food bill by only eating at home and even remove other entertainment expenses such as cable TV. It’s necessary that you are pragmatic about cutting down your expenses. Don’t forget, if you’re trying to overcome financial problems then you have to make sacrifices to resolve them.


Put together a budget

Now that you’ve got your monthly costs written down without the unnecessary spending, you must develop a budget. If you’re unfamiliar with making a budget, there are a number of terrific apps you can download on your smartphone. Personally, I’ve found the Budget Planning app from ASIC to be very useful:


This will enable you to calculate how much money you have left every month by viewing your income and expenses. It’s essential that you stick your budget. If you think that it could be too hard to do this, add a miscellaneous item to your budget to give you some room to breathe, or perhaps a motivation item to reward yourself at the end of the month for sticking to your budget.


Prioritise your debts

Some debts cause more distress than others, so to ease your financial strain as best as possible, aim to decrease your largest debts first. Not only will you be saving money by paying less interest, you’ll also feel far better about yourself. Only paying the minimum repayments on your credit card bill can sometimes take years to pay off, so attempt to decrease these types of debts as quickly as possible. Bear in mind, you still have other fixed debts each month such as phone bills and electricity, so these need to be accounted for as well.


Still feeling the heat?

If you’ve reduced your expenses and developed a budget but still find that there’s not enough money to pay off all your debts, you’ll need to find other income streams. Are you able to work a second job? Can you sell any costly household items that you can do without? Reaching out to family and friends is another helpful way to try to resolve your problems. Whatever you do to get extra money, never get a personal loan from the bank to settle your existing debt – this will only worsen an already stressful situation.


Seek financial guidance

If the above steps haven’t relieved your financial strain, it’s better to seek financial assistance sooner instead of later. Depending on your individual situation, there are a number of options available such as debt consolidation loans or debt agreements which can assist those in need. Don’t wrestle with your debts for years before seeking guidance, get in contact with Fresh Start Solutions on 1300 818 575 or visit our website for additional information:




    best over the counter viagra best over the counter viagra


    It’s remarkable for me to have a web site, which is
    beneficial in favor of my knowledge. thanks

    I know this website gives quality based content and additional
    material, is there any other web site which provides these
    things in quality?

    Here is my site …;u=82722

    We are a group of volunteers and opening a new scheme in our community.

    Your web site provided us with helpful information to work on. You’ve done a
    formidable activity and our entire group can be thankful to

    Feel free to visit my blog …

    Hi to every body, it’s my first visit of this blog; this
    web site contains remarkable and truly good information in favor
    of visitors.

    Also visit my web-site :: Bellissi Ageless Moisturizer
    Review (

    Good web site you’ve got here.. It?s hard to find high quality
    writing like yours nowadays. I really appreciate people like you!
    Take care!!

    Feel free to visit my blog post;

    real money casinos

    What’s up to every one, the contents present at this site are in fact awesome for people experience,
    well, keep up the nice work fellows.


    how much is viagra: best place to buy viagra online – how much is viagra


    viagra amazon: viagra – viagra 100mg price


    erectyle disfunction ed meds online without doctor prescription – best rated canadian pharmacy


    natural ed cures ed drugs online from canada – canadian pharmacy online cialis


    plaquenil 100mg plaquenil for ra – plaquenil generic

    MosqiStop Reviews

    Wonderful article! This is the type of information that are
    supposed to be shared across the internet. Shame on Google for not positioning this publish higher!
    Come on over and consult with my site . Thanks =)

    my website; MosqiStop Reviews

    Keto Burn Diet

    I seldom write remarks, but after looking at through
    a few of the responses on Tips on How to Manage Your Financial
    Issues. I do have a few questions for you if you do not mind.
    Is it only me or do a few of these comments come across as if
    they are written by brain dead visitors? 😛 And, if you are
    posting on other online sites, I would like to keep up with everything fresh you have to post.
    Could you list of every one of all your shared
    sites like your twitter feed, Facebook page or linkedin profile?

    Check out my site; Keto Burn Diet

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyrights © Bankruptcy Experts Pty Ltd.