Money Management /

5 ways to take on your Christmas debt

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Investments Commission reports that on average, each of us planned to part ways with $955 during the holiday season1. On top of this, 36 per cent of us Aussies plan to use a credit card to support spending habits during this period2.

  1. Find the right advice
  2. Plan ahead
  3. Consolidate
  4. Pick your priorities
  5. Ever used equity?

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Sources:

1 Australian Securities and Investments Commission (ASIC), 'MoneySmart: Australia's Christmas Spending', Accessed 6 December 2017

2 Australian Securities and Investments Commission (ASIC), 'MoneySmart: Australia's Christmas Spending', Accessed 6 December 2017

Australian Securities and Investments Commission (ASIC), 'MoneySmart: Australia's Christmas Spending', Accessed 6 December 2017

Australian Securities and Investments Commission (ASIC) 'MoneySmart: 'How to pay off multiple credit cards'Accessed 6 December 2017 

 

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