Don’t drown in debt, eat that elephant slowly (and other tricks)

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Managing debt is like eating an elephant: you should do it one bite at a time. Our finance gurus share their debt-busting tips.

The average Australian has $20,238 in personal debt, excluding mortgages but including credit card, personal and car loan debt

Once you’ve prioritised what you’re going to pay off first, put a plan in place to work out how you will achieve your goal.

 

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