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DEBT

The reality is that debt is a way of life that has to be managed well. If it’s managed well, it works better for you – rather than better for the banks.

When we talk about debt, we predominately talk about setting up efficient ways to manage your mortgage, such as offset accounts which can knock years off your loan in terms of interest repayments.

It is not uncommon to find that the only savings some people are making is the principal component of their home loan repayments.

Banks have some great tools to help you bring your mortgage down sooner, but people aren’t taught how to utilise them.

We teach our clients, for example, to use credit cards properly for purchasing so that they can live on the bank’s money interest-free while their money is working for them in their mortgage.

Some of our tips and techniques might seem small, but we see people every day who are amazed how the savings add up and make a big difference to their cash flow. We can all do with a little less stress when it comes to our finances.

Another common period in life when personal debt can be stressful is when couples start a family. When a two-income family becomes a one-income family it can be very difficult to save as much, or save anything at all.

It’s times like this that need planning. It’s quite okay to spin your wheels for a few years, but restructuring loans during this period can really help.

Debt isn’t just about mortgages though. We help a lot of people weigh up the best way to borrow for a variety of reasons.

Even if you don’t need to borrow for a major purchase, sometimes it is a smarter option that leads to other financial benefits.

DEBT

The reality is that debt is a way of life that has to be managed well. If it’s managed well, it works better for you – rather than better for the banks.

When we talk about debt, we predominately talk about setting up efficient ways to manage your mortgage, such as offset accounts which can knock years off your loan in terms of interest repayments.

It is not uncommon to find that the only savings some people are making is the principal component of their home loan repayments.

Banks will give most people a loan and they also have some great tools to help you bring your mortgage down sooner, but people aren’t taught how to utilise them.

We teach our clients, for example, to use credit cards properly for purchasing so that they can live on the bank’s money interest-free while their money is working for them in their mortgage.

Some of our tips and techniques might seem small, but we see people every day who are amazed how the savings add up and make a big difference to their cash flow. We can all do with a little less stress when it comes to our finances.

Another common period in life when personal debt can be stressful is when couples start a family. When a two-income family, becomes a one-income family it can be very difficult to save as much, or save anything at all.

It’s times like this that need planning. It’s quite okay to spin your wheels for a few years, but restructuring loans during this period can really help.

Debt isn’t just about mortgages though. We help a lot of people weigh up the best way to borrow for a variety of reasons.

Even if you don’t need to borrow for a major purchase, sometimes it is a smarter option that leads to other financial benefits.

NEED EXPERT GUIDANCE TO MANAGE YOUR DEBT?

CONTACT US

WHY CHOOSE US

You can trust Fennell West to work in partnership with you to achieve your financial goals.

EXPERTISE

Our experience, knowledge and passion ensures clients get the most up-to-date and accurate advice to help guide them on the path to financial freedom.

TRUST

Trust, discretion and understanding are at the heart of everything we do at Fennell West as we work in partnership with our valued clients.

RESULTS

Fennell West has a proven record of delivering life-changing results to people wanting to take control of their financial future and reap the benefits.

WHY CHOOSE US

You can trust Fennell West to work in partnership with you to achieve your financial goals.

EXPERTISE

Our experience, knowledge and passion ensures clients get the most up-to-date and accurate advice to help guide them on the path to financial freedom.

TRUST

Trust, discretion and understanding are at the heart of everything we do at Fennell West as we work in partnership with our valued clients.

RESULTS

Fennell West has a proven record of delivering life-changing results to people wanting to take control of their financial future and reap the benefits.

OTHER FINANCIAL SERVICES

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Family and asset protection is a complex area that requires attention and planning as part of your overall financial strategy. Don’t leave it too late.

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Fennell West can guide you with your superannuation investments, ensuring adequate retirement planning. Contact us today on 5777 3355.

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There’s more to estate planning than wills and superannuation beneficiaries. It’s about your financial legacy and what you want to achieve.

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At Fennell West, we hate putting people on a ‘budget’ – we prefer to talk to our clients about their cash flow and where their money has gone.

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Did you know that with the recent reforms to aged care, you may be up for $350,000 to enter an aged care facility, if and when the time comes?

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