Manage your budget and savings to reduce debt

PrintEmailSharestandard text sizelarge text size

Your first job can often mean a level of financial independence that you haven’t experienced before.  Having a regular income can also mean that financial institutions are suddenly willing to lend you money.

Be careful of the “bad” debt!  Bad debt is characterised as borrowed funds that are used to buy assets that do not grow in value.  For example, credit card debt and personal loans used to purchase depreciating assets such as cars and clothes could be considered as bad debt.  One of the best tips to accumulating wealth is to limit this spending.

Additionally, debt that doesn’t attract tax concessions (often known as non-deductible debt) should be reduced or eliminated first where possible.

Find your local financial planner
Request a meeting with your local financial planner
Sign up for clearview newsletter

"The reason I chose ClearView was the clarity of the advice. I had heard of ClearView through radio advertising. I felt under no obligation. They are true to their word, the information was given freely and I was greeted with warmth and enthusiasm." ClearView client.

"Because of the level of support and the advice that we get from ClearView you feel like you get very personal service. They are very helpful and they tailor advice to our needs." ClearView client.