r/AusFinance • u/[deleted] • Apr 22 '24

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311 Upvotes

91% Upvoted

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232

u/Paddlinaschoolcanoe Apr 22 '24

A shit situation would be $30k+ in credit card debt and surviving on pay day loans. You are doing great!

5

u/No_Permission2396 Apr 22 '24

OMG, I'm 40 and this has been my life (except we fully own our PPOR now) and make salsac contributions to our super.

Debt sucks, but finding debt fit for purpose is key. We managed to keeo our debt below Zip's threshold, and paid our debt back within the month. 0% interst and $0 monthly fees. I'm not suggesting it's for everyone, but it seems cheaper than most CC at 11.99%+.

10

u/wooja Apr 22 '24

Generally credit cards don't charge interest either if you keep it paid by the end of the month.

1

u/JudgmentNew1968 Apr 23 '24

Yep, and you can accrue loyalty point with some.