Help Eliminate Debt

Getting into debt often coincides with an unexpected change in life. A divorce, job loss, illness or birth of a baby, for example, can throw a person’s finances into turmoil.

Then there are also circumstances where we find it hard to keep track of our spending because of poor personal budgeting habits. For example, some people live off their credit card—sometimes multiple credit cards. Some people take out personal loans instead of saving for the things they want or they use the loan to consolidate other debts. Next thing you know, the debt is unmanageable and you recognise you need help.

Debt management and personal budgeting go hand-in-hand.

We find that most people who approach us for debt management assistance, also need help with personal budgeting. Bad financial habits are often difficult to break because they’ve developed over a long period of time. Without help, it can be very hard to break the cycle of living pay-to-pay.

Being out of control financially exerts pressure on every aspect of your life, from work to your personal relationships. Even shopping for basics can be fraught with anxiety when you’re constantly struggling to make ends meet.

Creating and sticking to a flexible personal budget that suits your needs is an important part of feeling in financial control. Debt management is only one aspect personal budgeting. A workable personal budget will allow you to eliminate your debt over time while you also plan and save for your future.

Our clients’ success proves that personal budgeting is the key to debt management.

It starts with a free consultation where we will assess your financial situation in detail. As well as analysing your income and expenses, we closely examine your debt situation. Even if you decide not to proceed with MyBudget, your customised personal budgeting plan and our debt management recommendations are yours to keep for free.

Our advice is also independent, which means that we explore all of your options. The debt management solutions we recommend, therefore, will vary from one person to another because no two situations are exactly the same.

If you do become a MyBudget client, we can communicate with your creditors on your behalf and negotiate realistic payment plans with them—repayments based on what you can afford. Our vast experience in debt negotiation means that we know what sorts of terms are achievable. In many instances, we can negotiate for interest rate and repayment reductions or even arrange for payments to cease for a period of time while you get back on track.

Why is MyBudget’s approach to personal budgeting so successful?

It’s one thing to create a budget; it’s another thing to stick to it. The success of MyBudget’s model is that we do the heavy lifting for you. In 2011 alone, we managed over 1.5 million payments and $250 million in salaries on our clients’ behalf.

Sticking to a personal budget becomes much easier when someone else is making sure that your bills are paid on time and that there’s enough money to cover your living expenses.

In other words, when you become a MyBudget client, you don’t lose control of your money, you take control of it. You know exactly where your money is going instead of wondering where it went. No more feeling like things are spinning out of control because your finances are in a mess. No more fear that there won’t be enough money left over for your basic needs.

MyBudget’s approach to personal budgeting is also very flexible. We recognise that changes happen in life and that your personal budget needs to be able to change with you.

As MyBudget works away in the background, you learn valuable debt management and personal budgeting skills that ultimately become lifelong habits. Many of our clients observe that through MyBudget they learnt to understand the value of money, control their spending, stop living on credit, set and achieve savings goals, and finally live free of financial stress and worry.

MyBudget helped Jade get on top of her finances through personal budgeting. We can help you, too.

Like thousands of other Australians, Jade was feeling overwhelmed by her bills and debts. She wasn’t sure how to prioritise them and there was never enough money to cover all of her family’s expenses. With MyBudget’s help, Jade is learning about personal budgeting. Her bills are now paid on time, there’s enough money for her family’s needs and she’s even saving.

MyBudget’s personal budgeting consultations are confidential and free.

A free consultation with MyBudget is an opportunity to gain deep insights into your financial situation and all of your options. Even if you decide not to become a MyBudget client, the budget plan we prepare for you is yours to keep at no charge.

Change doesn’t have to be difficult. The first step is always the hardest, but in this case it’s as simple as making a phone call. Take the step today to get out of debt and start saving. It’ll be the best decision you’ve ever made.