About Chauncey Garduno

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What to do when faced with bad debt

Posted by Chauncey Garduno on March 11, 2019 in Perth News |

More than half of Western Australians more than they earn each month and use credit to bridge the gap. So it’s easy to see how so many people are struggling with debt.

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Debt

However, people are forced to confront their circumstances head on due to disasters like a sudden job loss, an unexpected and costly home repair, or a serious illness. These occurrences can knock one’s occurrences off track and you can barely keep up with your monthly payments.

No matter what your circumstances is, being in debt can be a stressful experience. If you signed for a loan, you are obligated to pay it back even if you are in a difficult financial situation.

If you want to become financially independent, you need to have a plan for how you’re going to tackle your debt. One of the best ways to do this is by making a conscious decision to stop borrowing money. It is a big mistake to use debt in funding your lifestyle. This means no more financing furniture, no more signing up for credit cards, no more test driving brand new cars that you don’t have the cash to pay for. Focus entirely on the debts you currently have and develop an effective plan on how to pay them.

Once you have developed a plan, you need create a realistic budget and stick to it. By having a budget, you will know where you go with your finances and you’ll move forward toward your goal. You’ll know whether you have surplus money or deficit.

Organising your debt is essential. You need to determine your debts and map out how to settle them. Make sure that you allocate some of your surplus money to tackle your debt.

For more on how to getting out of debt, read this: https://www.flyingsolo.com.au/marketing/what-to-do-when-faced-with-bad-debt-anz

Understand the financial traps before consolidating your debts

Posted by Chauncey Garduno on January 16, 2019 in Perth News |

There are numerous ways to find yourself in debt. You might borrow money from credit unions or get loans to fund your children’s education, buy a house or car using loans, or go overboard in credit card spending. The amount you owe might be intimidating, but a solid debt management plan can help you budget […]

5 social media trends you can expect in 2019

Posted by Chauncey Garduno on December 27, 2018 in Perth News |

As a small business owner, you probably have already been taking advantage of social media and the benefits it brings to marketing and advertising. However, what every small business owner should know is the fact that social media marketing is constantly changing and not coping up with such changes can give terrible results. The world […]

Tougher safety laws for WA workplaces

Posted by Chauncey Garduno on October 19, 2018 in Perth News |

Workplace safety is extremely important. Every manager or business owner should know the importance of workplace safety whether you are a small business or a large corporation. You should know that it is one of your major responsibilities to your employees. Every employee in any industry desires to work in a safe and protected atmosphere. […]

Treating cancer differently

Posted by Chauncey Garduno on June 26, 2018 in Perth News |

Many of us battle against cancer. It is one of the most feared diseases amongst many Australians as it is one of the leading causes of deaths in the country. It is not just a myth or misconception that cancer is a terrible disease, however common ideas and myths we believe about how cancer starts […]

Home-based business

Posted by Chauncey Garduno on January 30, 2017 in Perth Business Fundamentals |

The benefits of starting your own business outweigh the time, effort and money invested in setting up a viable home business. For the long term, the overhead costs for starting a business in your home are very low. The government provides several tax incentives for individuals who have businesses set up in their home. Apart […]

7 Steps To Selling Your Small Business

Posted by Chauncey Garduno on September 30, 2016 in Perth Business Fundamentals |

There are a number of reasons why an entrepreneur sells his business. It is either he is no longer happy managing his organisation, or he is looking for a better life opportunity for himself. But whatever your purposes are, you should always want to make sure that you are absolutely right with your decision. Are […]

How to Hire Your First Employees

Posted by Chauncey Garduno on April 21, 2016 in Perth Business Fundamentals |

Starting a new business is probably one of the most exciting events that could ever happen to someone’s life. However, this task is also very difficult task as it involves in accomplishing various necessities for the setting up of a business. It could also bring a lot of pressure especially for those who started their […]

6 Benefits Of Using A Credit Union

Posted by Chauncey Garduno on December 22, 2015 in Perth Business Fundamentals |

Credit unions are similar to banks but are owned and operated by its members. Some businesses and private individuals prefer borrowing money from such unions instead of borrowing from banks. But just like many services and things in life, it has its own advantages and disadvantages. Some may prefer to open an account with a […]

Coolroom Repair & Purchasing Guide

Posted by Chauncey Garduno on August 18, 2015 in Commercial Refrigeration |

The food and catering industry is quite savvy than the past few years. Over the years, there are numerous equipment and supplies that have emerged due to technology and the growing demands of the industry. Commercial refrigerators truly have become an essential tool to individuals not only to businesses but as well as to homeowners […]