Debt Management, Debt Solutions, Better Debt Management

Wouldn't it be great if money really did grow on trees? Every time we were short of a few dollars, we'd simply go to the garden and pick what we need. The reality for most people, however, is that money is a very limited resource. There's only so much of it and it will only go so far.

There are many reasons that people get into debt and suddenly find themselves needing assistance with debt management and debt solutions. For some people, overspending is a problem. For others it may be an unexpected expense or a sudden change in life - a job loss, illness, separation, unexpected vet or car repair bill can all trigger a debt crisis.

When money gets tight, people often use credit to make ends meet. But, unfortunately, debt has a habit of snowballing. This is why many people eventually find themselves in need of debt solutions to relieve their debt stress.

The good news is that debt stress can be relieved by choosing the right debt management strategy. When it comes to debt relief there are no quick fixes, but certain debt solutions are incredibly effective at reducing debt and ensuring that a debt crisis never recurs.

The key to debt management is budgeting. A budget is the only way to accurately understand and control your financial situation. The process provides insight into where you can make savings, where you're over-committed and how your money could be more effectively applied. It's the best method for ensuring that you always live within your means and that you're always progressing towards your financial goals.

Nonetheless, it's important to remember that a budget is not solely a debt solution in itself. Creating a budget is just the start; sticking to the budget is what really matters. This is why MyBudget clients are so successful at reducing their debt and achieving their financial goals. With MyBudget's assistance, they can create and stick to a budget which is sustainable and highly effective.

MyBudget's budgeting process is different. The budgets we prepare are true financial management plans. As well as taking your household and daily living expenses into account, our personal budgeting plans detail your finances over a 12 month period. This is the only way to determine the true direction in which you're heading and which debt management strategies will be most effective for you.

MyBudget's advice is free and independent, which means that we explore all of your debt solutions. We recommend a plan based on your specific needs. The debt solutions we consider, therefore, are as varied as our clients' situations.

It starts with a free consultation where we will assess your financial situation in detail. As well as analysing your income and expenses, we closely examine your debt situation. Even if you decide not to proceed with MyBudget, your customised budget plan and our recommendations are yours to keep for free.

Our clients experience incredible levels of success because MyBudget does the heavy lifting for them. We manage our clients' money on their behalf by ensuring that their bills are paid on time, creditors are taken care of, savings are deposited and, most importantly, that there's always enough money to meet living expenses.

In 2010 alone, we managed over 1.5 million payments and $250 million in salaries. In the same year, we successfully renegotiated over 220,000 payments to creditors for our clients. Since MyBudget was established in 1999 we've helped more than 20,000 Australians put their lives back together by providing them with customised debt management services and debt solutions. If we can help them, we can help you, too.

Imagine how good you will feel when:

• Your credit card balance is paid down to zero.
• The electricity bill arrives and you have money budgeted to pay it on time.
• You no longer fight with your loved ones about money.
• You stop receiving nasty phone calls and letters from collectors.
• You have MyBudget helping you to make good money management decisions.

The good feelings don't stop there. At MyBudget, every single budget plan we create includes a savings plan. No matter what the client's level of income or debt, a debt management strategy is not complete without a savings strategy that commences from day one.

We start by helping you build savings to cover emergencies and life's unexpected hurdles. You may not be able to save a great deal at the beginning but, as your debt solutions take effect, you'll be able to save increasing amounts of your income for other goals, special events or projects - Christmas, birthdays, anniversaries, overseas holidays, a house deposit, a new car... What would you like to save for?

Kelly and Mark were struggling with unmanageable debt and mounting bills. MyBudget helped Kelly and Mark get back on track with tailored debt solutions.