Hints to help you break the debt cycle
YFS is funded by the Australian Government and the Queensland Government.
YFS acknowledges Aboriginal and Torres Strait Islander people are Australia's First Peoples and the traditional owners and custodians of the land on which we meet and work.
Purchase Comparison Guide
GET A FRIDGE
> Cost = $689 outright
> Rent to buy = $1,729
> Credit card = $813 - $977
> NILS = $689
(No Interest Loan Scheme)
> 2nd hand from Gumtree = $300
> Borrow from family/friends = free
> Charity donation = free
*SAVE UP TO
$1,040
Case study #1
For assistance please call YFS on 3826 1500 or contact us here
GET A PHONE/TABLET
> Cost = $569 outright
> Rent to buy = $1,005
> Credit card = $672 - $747
> NILS = $569
(No Interest Loan Scheme)
> 2nd hand from Gumtree = $400
> Borrow from family/friends = free
*SAVE UP TO
$436
For assistance please call YFS on 3826 1500 or contact us here
Case study #2
GET A LOUNGE SUITE
> Furniture = $399 outright
> Rent to buy = $1,040
> Credit card = $469 - $478
*SAVE UP TO
$641
For assistance please call YFS on 3826 1500 or contact us here
Case study #3
PAY OFF DEBT
> Debt = $1,000
> Pay day lender = $1,680
> Free financial counsellor to help with other alternatives
Contact YFS for advocacy and assistance
> National Debt hotline 1800 007 007
For assistance please call YFS on 3826 1500 or contact us here
Case study #4
*SAVE UP TO
$680
PAY MY BILLS
REPAIR MY CAR
> $760 electricity bill
> Car rego/repair $1,000
> Credit card
$837 - $1,134
> Hardship options
through your utility provider
Contact YFS for advocacy and assistance
