Finance & Debt Management

Debt holds a significant place in modern life, as it's rare for individuals to complete higher education, buy a home, or acquire a vehicle without incurring some form of debt.

 

This makes debt management an integral part of any financial plan.

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Excessive debt and the wrong type of debt can put restrictions on your lifestyle, reducing the chance to take advantage of opportunities like family experiences and investment in growth assets (property and shares).

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However, the right amount and right kind of debt allows the purchase of assets that grow in value over time, whilst receiving tax deductions on your debt. 

 

At Hodgson Financial Planning, we can provide strategies to assist with:

• Debt consolidation

• Debt repayment

• Types of debt and options for funding

• Debt ownership (who should own debt?)

• Tax deductions available on various types of debt

• Suitable/unsuitable amounts of debt to hold.

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Please note that although we discuss all things debt as part of your overall financial plan, we are not licensed to provide credit services including recommending products or organising personal, home, investment or LRBA loans, credit cards, or any other form of debt facility. We do work very closely with a broker who is licensed to provide these services and recommend suitable products and we will happily refer you on request.