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10 simple ways to help protect your credit and create financial stability that you can put into
practice today:
1. DON’T SPEND MONEY ON UNNECESSARY MATERIAL WANTS
2. CREATE AN EMERGENCY SAVINGS FUND
3. DON’T GAMBLE – IF YOU DO - SEEK HELP IMMEDIATELY
4. DON’T TRY AND MAINTAIN YOUR LIFESTYLE WITH PERSONAL CREDIT
5. CUT THE PLASTIC (CREDIT CARDS)
6. COMMUNICATE WITH YOUR SPOUSE / PARTNER ABOUT YOUR SPENDING HABITS
7. TRACK & NOTE SPENDING WEEKLY - BARE MINIMUM
8. PAY BILLS WHEN YOU RECEIVE THEM
9. DON’T COMMIT TO ANYTHING YOU CAN’T AFFORD
10. BUDGET, BUDGET, BUDGET!
About the Author
Petros Arvanitis is a specialist mortgage planner who has helped hundreds of Australian’s
rebuilt their credit, lower their repayments and plan for a brighter future. He is the founder
and CEO of Why Group, providing Australians with a simple and fresh approach to financial services.
Important Information
The information contained in this article is provided as a guide only and does not constitute financial product
advice. None of the information provided takes into account your personal objectives, financial situation or
needs. You must determine whether the information is appropriate in terms of your particular circumstances.
For financial product advice which takes account of your particular objectives, financial situation or needs,
you should consider seeking independent financial advice from an Australian Financial Services Licensee. Why
Group Pty Ltd makes no representations about the accuracy or suitability of the information. Without limitation,
this extends to any market research or commentary contained in this article. The information is provided
"as is" without express or implied warranty. Any person viewing this article must make their own
independent enquiries before relying on any information provided in this website.
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