Avoid Bankruptcy

Written by Medha Roy

The first but definitely notrepparttar easiest thought that comes to most people when they are neck-deep in debt is to file bankruptcy. Filing bankruptcy seems to berepparttar 148343 last straw left inrepparttar 148344 deluge of unpaid bills and abusive creditor calls. The situation is somewhat like this. You buy whatever catches your fancy and you thank yourself you hadrepparttar 148345 blessed credit cards. It's good as long as you are spending.

When it's paytime, you realize your misdoing. Abusive creditor calls may be robbing you of your sleep. Things may go so wrong that being repentant also does not help. What do you do? File bankruptcy. Stop. There are better and realistic ways of fighting debts. Avoid bankruptcy by all means. There have been millions who have filed bankruptcy inrepparttar 148346 US of A last year! What causes this decision? And how can you avoid such a disastrous situation?

Credit cards should be givenrepparttar 148347 lion's share ofrepparttar 148348 blame behind such reckless spending. Credit card agencies will tell you it's you who should know how to use your cards. Anyway, let's take a situation where you have incurred a lot of debts and you don't know where to run. You have curtailed all your expenses, you take a bus to office, your wife doesrepparttar 148349 same and your children takerepparttar 148350 school bus. Your car is a toy inrepparttar 148351 garage. You have stopped entertaining friends and have stopped going over to them. When you see, even after a month, you are exactly where you started off, you know it's time to take some extreme measures.

Debt consolidation with debt management and debt relief programs arerepparttar 148352 best refuge for you. Contact a reliable debt consolidation firm and tell them your plight. You will literally feelrepparttar 148353 weight being taken off your shoulders. These financial experts take over completely. First, they call your creditors and stop them from calling you. If you have multiple debts, they squeeze all your debts into one and make your payments much simpler.

Introduction to Australian Superannuation

Written by Jonathan Bailey

Australians, in general, constitute some ofrepparttar worst savers inrepparttar 148319 world. Current estimates suggest that, on average, Australians save just 4% of their income. This is less than half ofrepparttar 148320 11% estimate for Australians inrepparttar 148321 late 1970s.

Inrepparttar 148322 past, pensions from taxpayers were used to provide pensions for senior citizens upon their retirement. However, because ofrepparttar 148323 increased life expectancy of Australians coupled withrepparttar 148324 decrease inrepparttar 148325 average number of children per household,repparttar 148326 use of pensions, if persisted with, will put a significant strain onrepparttar 148327 Federal Budget.

As a result,repparttar 148328 concept of superannuation was introduced whereby employers are obligated viarepparttar 148329 superannuation guarantee to contribute at least 9% of an employee's wage to a superannuation fund which must be preserved untilrepparttar 148330 employee has reached retirement before it can be accessed.

The advantage of making contributions to superannuation are that it introduces a form of forced savings for Australians into a fund which will hopefully investrepparttar 148331 money intorepparttar 148332 appropriate assets for increasing its value overrepparttar 148333 long term.

As an added incentive, contributions to superannuation are only taxed at an marginal rate of just 15%. For most income earners in Australia, this will be more attractive thanrepparttar 148334 usually high tax rate that they would be subjected to if their money was not put into superannuation.

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