| ||
Step 3
Sorting out your paperwork will make record keeping a whole lot easier and set yourself up for success.
Step 4
Knowing where you are today can help you determine the best path towards helping you meet your financial priorities.
Step 12
Emergency savings make the difference between a financial setback and a financial disaster.
Step 21
Saving money on your groceries, is one of the fastest and easiest ways to improve your bottom line.
Step 23
Give yourself some peace of mind by making sure your family is on some firm financial footing
Step 25
To stay motivated, acknowledge the benefits you will experience as a result of your efforts.
| Step 11:
Paying down debt is a smart financial move There are two popular methods that people use to tackle debt. One is to concentrate on paying off the debt with the smallest balance first (never forgetting to make required payments to all debts, of course). After that balance is repaid, you can then apply that payment to the card with the next smallest balance and continue the process until all debts are satisfied. This method can be very rewarding because you see progress quickly. The other popular method is to first concentrate on repaying the debt with the highest interest rate. This method will save you the most in interest charges over time. Regardless of the method you choose, be patient and persistent. The following link gives you a calculator to work out how long it will take you to eliminate your short term debts. Click Here Try using this easy calculator to determine what it will take to pay off your credit cards. http://www.sorted.org.nz/calculators/credit-card/ Also from time to time banks in NZ have a balance credit card transfer which allows you to move high interest short term debt to a low interest credit card. Research these to see what is the best offering available. If you ever find that you are unable to meet your basic financial obligations, contact your creditors immediately to advise them of your situation. Most will offer an individual short term solution; however, you probably will benefit from a long-term payoff strategy. For help, consider contacting your local budget advisory service. http://www.familybudgeting.org.nz/ Tip . Work out the cost of an item before you choose to buy it. http://www.sorted.org.nz/spendometer/ Bricks & Mortgages are able to assist with debt consolidation. This can sometimes improve your cash flow enabling you to replay faster. Click here for us to contact you . ![]() Paying off debt is a short term financial goal that will free up cashflow. | |
Professional Website Software supplied by Global Generation Websites www.globalgenerationwebsites.co.nz | ||

























