budgeting

Debt. Credit card debt. Personal debt.  For many reasons, people may get themselves into financial difficulty with unmanageable debt levels. These reasons may include sickness, loss of job, broken relationships or purely over-commitment. This article explores methods of dealing with these situations for individuals from informal means to more formal approaches under the bankruptcy provisions to enable financial rehabilitation.

Financial literacy is a vital part of navigating today’s complex financial world. However, despite the importance of financial literacy, certain socio-economic groups have been consistently left out when it comes to receiving financial advice. Low income clients are a major group which have traditionally been excluded from the advice process. This is partly due to barriers such as cost and access to affordable advice, but also due to issues such as an industry focus on high-net-worth clients.