Tips for overcoming debt stress
In Western Australia just over a third of the population are affected by debt stress.
Getting on top of debt allows people to really forge ahead financially – and lift the emotional stress debt. AMP has some top tips:
Review your bank statements and analyse ‘problem’ areas in your spending habits. Draw up a budget. There are many good ones available free online.
Stay away from the shops unless a visit is strictly necessary.
Take your lunch to work – or at least don’t buy it every day.
Give up alcohol for a few months.
Discover free entertainment – for example, catch up with friends by exercising together outdoors.
Source: Perth Now