Australia’s Household debt currently stands at 127% of Australia’s GDP – what does that mean? It means that our household debt is currently more than everything the nation produces in a full year- a problem that in some way affects us all. At these rates debt eats up a lot of people’s income with many Aussies being shackled by debts their entire adult life. For any normal Aussie, the words “debt free” are often jokingly followed by “As soon as I win the Lotto” or “Once I strike Gold” knowing that it is often a pipe dream to think of yourself as Debt Free. However, there are many ways for you to make sure your debt remains under control. House mortgages, credit cards, car loans, student loans, after pay, Pay Day Loans… the list of ways you can rack up credit seems endless and as you add new debts to … Continue reading How to be Debt Free?