How to Eliminate Debt

A basic guide on the impacts of debt, how you can get rid of it and what debt minimisation approach best suits your needs

2 Strategies to Pay Off Your Debt – Snowball v Avalanche

Sometimes debt can feel like quicksand, no matter how hard you try to fight it, you just end up sinking deeper and deeper. You are not alone in this, 74% of Australian households reported debt between 2015-2016. But fear not, because today I’m going… Continue Reading “2 Strategies to Pay Off Your Debt – Snowball v Avalanche”

Should I Continue Saving or Pay Off My Debt?

Today I’m going to answer the age-old question: Should I continue saving or pay off my debt? I’ll go over the actual case study of a friend of mine by weighing up his scenario. I’ll use graphs to illustrate the overall outcome behind making… Continue Reading “Should I Continue Saving or Pay Off My Debt?”

How to Eliminate Your Debt – 2 Proven ways to Get rid of Debt

Debt can often be the shackle and chain that restricts people from reaching their financial freedom. Today I’m going to explain debt and show you two approaches to eliminate your debt. What is Debt? Debt occurs when you borrow money from another person/institution, typically… Continue Reading “How to Eliminate Your Debt – 2 Proven ways to Get rid of Debt”