debt management
Get debt under control. Pay it off faster. Use it to your advantage.
HAVE MORE MONEY
MAKE MORE MONEY
LIVE MONEY-WORRY FREE
Master the art of wise debt management for lasting financial success.
Whether you need to get out of debt, streamline your debts, or plan to utilise debt, such as in the case of debt recycling (using home equity and gearing) to assist in accelerating wealth creation. It all falls under the heading of debt management.
There are a number of strategies available to help you reduce ‘bad’ debt (debt that doesn’t create an income, such as credit cards, or personal loans with no income potential) and use 'good' debt (debt such as investment properties or shares, which may generate income and appreciate in value with potential tax advantages).
KEEP DEBT UNDER CONTROL
Crafting a debt management plan in collaboration with a financial planner is a critical move towards securing your financial future, living free from drowning in debt and being overcome by it.
By teaming up with Jared, our financial planner, you'll gain expert insights and tailored strategies to effectively tackle your debts.
Your debt management plan outlines a clear roadmap to help you navigate your debts, prioritise them and pay off your obligations systematically, ensuring you regain control over your finances.
With the right guidance, you can minimise high-interest debts, optimise repayment schedules, and potentially negotiate better terms with creditors.
Beyond relieving financial stress, a well-structured debt management plan paves the way for improved credit scores, enhanced savings opportunities, and a solid foundation for achieving your long-term financial goals.
USE ‘GOOD’ DEBT TO YOUR ADVANTAGE
Utilising good debt can be a strategic and advantageous financial move when managed wisely. Good debt refers to borrowing funds to invest in assets that have the potential to generate income or appreciate in value over time.
However, it is essential to approach good debt with careful consideration and the advice of a financial planner. You want to ensure that the potential returns outweigh the associated borrowing costs and risks while also addressing your current financial position and eligibility for leverage tax benefits can be maximised.
Debt is a matter of choice - choose wisely.
Our team can help you make those intelligent decisions to protect you.
TALKING with a Financial Planner can significantly shape your approach to getting out of debt or using it to your advantage.
Know how to pay off your debt sooner.
Establish good money management skills and budgeting
Understand the risks of debt
Bring down mortgage debt faster
Leverage interest on loans for tax benefits and deductions.
Negotiate better terms for your debts.
DEBT MANAGEMENT AT ANY AGE
FREQUENTLY ASKED QUESTIONS ABOUT DEBT MANAGEMENT
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If you’re struggling with debt, hiring a Financial Planner can be beneficial in relieving the stress and overwhelm that comes with having unpaid debts. A Financial Planner will help you develop a strategy to pay down your debt by considering your overall financial situation and existing financial commitments. With their expert knowledge, a Financial Planner can create a debt management plan that maximises the amount you’re able to pay off, and minimises any interest and fees accruing on your existing debts – helping you work towards a debt-free future, faster.
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A Financial Planner will complete a comprehensive analysis of your financial situation, considering your income, expenses, and outstanding debts. Based on this analysis, they will work with you to create a budget that enables you to stick to a debt repayment plan, as well as outline the most effective ways to tackle your debts. This plan may involve debt consolidation, negotiation with creditors, and establishing a structured payment schedule.
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Debt consolidation involves combining multiple debts into a single loan or payment, often with a lower interest rate. This approach simplifies debt repayment, making it more manageable and potentially reducing the overall amount paid over time. If you’re in debt with multiple lenders, debt consolidation could make sense for you. Speak with a qualified Financial Planner to create a personalised debt reduction plan today.
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We get it. Nobody likes talking about their debt. But if you’re ready to get out of debt, and start building a secure financial future for yourself, talking about it is the first step.
Here at It’s a Matter of Money, your information is treated with strict confidentiality, as we adhere to a high-standard of ethical and legal practices which prioritise client privacy. Your financial details and sensitive information will be kept secure, ensuring a safe and trusted partnership throughout your debt management journey.
What Our Clients Say About Working With Us
DEBT CAN BE STRESSFUL.
GETTING OUT OF IT AND MANAGING IT SHOULDN’T BE.
Our team can help you figure out where you are financially, create a budget to pay your way out of debt, explore debt consolidation to save money by combining multiple debts into a single loan and investigate and advise upon options, opportunities and obstacles when it comes to using ‘good’ debt to create income through investment.
