Truck Loans Australia :: Articles

How to freeze the Plastic Debt Dragon in Your Wallet

How can I stop my credit card debt from growing and start building wealth?

How to freeze the Plastic Debt Dragon in Your Wallet
Are you scared to open your wallet knowing there is a fire snorting dragon lurking in there? You don't need to be afraid of your credit card, you can make it your friend. Here is a plan to choke the dragon and replace it with a friendly furry critter so you can start creating wealth in your life.

Credit Card debt. Freeze the fire breathing dragon in your wallet and start living.

Are your credit cards growing and multiplying like rabbits in your wallet?  Whilst they may grow like rabbits they breathe fire and bite like a dragon.

Credit card debt growing? One card becomes two, two become three and three become four.

First you had a card with $3000 debt limit and now you have $30,000 debt limit and you are asking what happened?

Crazy thing apart from the first one which you thought you needed, I bet you never asked for another one, they were given to you!

Steps to stop this madness.

Debt Stressed?
Image for Debt Stressed?If you're struggling to pay your debts and covering living expenses, we're here to help. Through our national panel of Debt Management specialists, we can help customers with $10k or more in debt by consolidating your existing loans, stopping Debt collectors from contacting you and re-negotiating repayments on your terms!

The best way to start slaying the dragon is to look at what you are spending in a day, a week and a month.

We can spend thousands a month and not see anything for it  and worst still you don't even see yourself doing it. I once asked a person why they did what they did, the response flawed me:

"I don't know I just do what I do. It's like a habit"!

What I started to realize that this was me, this caused me to look at everything and ask: am I on auto pilot  in this situation?

  •  Do I need it or do I just think I need it?
  •  Am I being lazy or is there a better option?
  •  Is this good for me?
  • Is this just advertising I am reacting to?
  • Is this just peer pressure that I am doing this?

The answers shocked me!   

I can't tell you what an impact it had on me and my lifestyle. I looked at everything differently.

Stop now and quietly think why you are living the away you do?

Are credit cards helping you to live the way you want to live or are they just breathing fire onto and reinforcing a habit thats not very helpful and causing you pain?   

If you are honest to yourself you may well understand something very important about your day.

You are on auto-pilot for most of it and you automatically do things that you have stopped needing. You are only doing it because its a habit. Sit down and work out what you spend a week on this type of expenditure. It will amaze you.

Now put 75% of what your auto pilot expenditure into a wallet or purse and start paying cash for everything during the week..

And remind yourself daily:

  • When it s gone, its gone 
  • No more till next week. 

If you are not inclined to take on the dragon here is another way!

A simpler and quicker method is to consolidate your debt into a lower rate of interest loan.  Either personal loan or a mortgage.

What you are doing is taking the  dragons out of the purse and wallet and putting in a friendly little critter to replace them.The debt card. Consolidate the debt. Find a finance or mortgage broker who will help you through the process.

Published: Monday, 23rd Aug 2021
Author: 150


Truck Loans Articles

From Small to Big: Financing Your Truck Expansion in Australia
From Small to Big: Financing Your Truck Expansion in Australia
Expanding your truck fleet is a critical step in driving business growth. For many small businesses, increasing the number of commercial vehicles means accessing new markets, delivering goods more efficiently, and ultimately, boosting profitability. In the competitive Australian market, staying ahead requires not just maintaining but expanding your transport capabilities. - read more
The Top Mistakes to Avoid When Applying for a Truck Loan in Australia
The Top Mistakes to Avoid When Applying for a Truck Loan in Australia
Commercial vehicle loans in Australia are a vital component in the Continuum of the transportation and logistics industry. They provide businesses and individuals with the necessary funds to acquire trucks and other heavy vehicles critical for their operations. Understanding the nuances of these loans is imperative for anyone in the market for a commercial vehicle. - read more
The Commercial Buyers Guide to Buying a Used Truck in Australia
The Commercial Buyers Guide to Buying a Used Truck in Australia
With the evolution of the logistics industry and small businesses gaining momentum in Australia, the market for used trucks has witnessed substantial growth in recent years. This surge is a testament to the pivotal role commercial vehicles play in driving the economy forward, keeping supply chains agile and businesses thriving. - read more
5 Tips on Securing Low-Interest Rates for Your Vehicle Purchase
5 Tips on Securing Low-Interest Rates for Your Vehicle Purchase
Embarking on the journey of acquiring a commercial vehicle is a significant decision for any business. Securing a loan with a low-interest rate is not just a matter of luck; it involves meticulous planning and a thorough understanding of the lending landscape. This opening section sets the scene for our deep dive into navigating the commercial vehicle loan process with an eye toward minimizing costs and maximizing value. - read more
Understanding Your Options: A Guide to Commercial Vehicle Loans in Australia
Understanding Your Options: A Guide to Commercial Vehicle Loans in Australia
If you're running a business in Australia, choosing the right commercial vehicle loan can be pivotal to your success. Whether you're a small business owner needing a delivery van or a large company expanding your fleet, understanding your financing options is crucial. - read more

Finance News

Essential Tips for Successfully Securing a Jet Ski Loan in Australia
Essential Tips for Successfully Securing a Jet Ski Loan in Australia
10 Oct 2025: Paige Estritori
Acquiring a jet ski is an exciting prospect, but securing the necessary financing requires careful planning and understanding of the loan process. Here are essential tips to enhance your chances of obtaining a jet ski loan in Australia. - read more
Australian Entrepreneurs Embrace Business Acquisitions Over Startups
Australian Entrepreneurs Embrace Business Acquisitions Over Startups
10 Oct 2025: Paige Estritori
In recent years, a notable trend has emerged among Australian entrepreneurs: a growing preference for acquiring existing businesses rather than launching new startups. This strategic shift reflects a desire for stability and immediate scalability, reducing the inherent risks associated with starting a business from scratch. - read more
Call for Government-Backed Loan Guarantee to Support SME Acquisitions
Call for Government-Backed Loan Guarantee to Support SME Acquisitions
10 Oct 2025: Paige Estritori
Australian accountants are rallying for the establishment of a government-backed Small Business Loan Guarantee to facilitate the acquisition of existing small and medium-sized enterprises (SMEs). This initiative aims to address the financing challenges faced by prospective buyers, particularly in light of the impending retirement of numerous business owners. - read more
Embracing AI: How Australian SMEs Are Driving Growth and Efficiency
Embracing AI: How Australian SMEs Are Driving Growth and Efficiency
10 Oct 2025: Paige Estritori
Australian small and medium-sized enterprises (SMEs) are increasingly integrating artificial intelligence (AI) into their operations, leading to enhanced efficiency and revenue growth. A recent Salesforce report indicates that 85% of Australian SME leaders are either using or experimenting with AI technologies, surpassing the global average of 75%. - read more
Surge in Business Loan Applications Amid ATO Debt Rule Changes
Surge in Business Loan Applications Amid ATO Debt Rule Changes
09 Oct 2025: Paige Estritori
Small and medium-sized enterprises (SMEs) across Australia are experiencing a significant shift in financial strategy due to impending changes in tax debt regulations by the Australian Taxation Office (ATO). Effective from July 1, general interest charges (GIC) and shortfall interest charges (SIC) on tax debts will no longer be tax-deductible. With the GIC rate currently at 11. - read more

Start Here

Get a free truck loan eligibility assessment and compare truck finance and leasing options without accessing your credit file!!
Loan Amount:
Postcode:

Quotes are offered free & without obligation. We respect your privacy.

Knowledgebase
Portfolio:
A range of investments held by an individual or institution.