Personal Finance

Help with bills

If you are finding it difficult to meet all you financial commitments, there are multiple things you can do to help ease these pressures. Unexpected financial issues can happen, whether from sickness, job loss, relationship breakup or some other form of unfortunate circumstance. Depending on the severity of these issues and the short or long term impact they may have, finding the right solution is imperative.

If your bills and debts have gotten out of control, knowing where to look to get help can sometimes be a difficult. Fortunately, with the help of the internet, finding services to get help with bills is a lot easier.

Below is a list of different options to help ease the stress of bills and falling behind.

Debt Consolidation – Combining all your debts into one loan is a great option to those who can qualify. Benefits include: one monthly repayment versus many, potentially lower overall interest rate, potentially lower overall monthly repayment.

Contact Your Providers – Many companies will be willing to work with you to ensure that they get paid but to also keep you as a customer. You may be able to propose a new repayment schedule or delayed payment.

Change Providers – When it comes to electricity and gas, there are numerous comparison sites which can quickly and easily show you how much you can save by switching providers. One of the more popular businesses is – Switchwise.

Bundle Services – In many instances bundling services will allow for great discounts. A quick example is bundling mobile, home phone, cable and internet together. This can be even used on other expensive services like insurance.

Create a Budget – One of the best things you can do to help manage your finances is budgeting. Take the time to build an accurate budget of your total monthly expenses. Then try trimming out areas of unnecessary spending.

Consume Less – Similar to a financial budget, do an audit of your or your family consumption. Are you turning the power off, are you online too much, do you talk on the phone to much, etc…

Government Initiatives – The government and/or non-profit community services provide different services for low income earners and pensioners. Examples of these services would include: the Home Energy Saver Scheme (HESS), Centrelink utility vouchers, Department of Communities, etc…

Sometimes tips are not enough and professional help is needed. DEALING WITH DEBT has in depth information on proven debt relief tactics. They are able to help identify what debt solution may be applicable to your situation and how to go about it. Learn how to greatly reduce monthly repayments and save thousands in interest payments in the process!

In addition to the above options for help with bills, each state has free financial counsellors who can not only coach you on how to establish good spending habits, but also direct you to financial relief services within your area.

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