Strategies to deal with Financial Management

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Seek professional advice (e.g from an accoutant or legal aid officer or financial advisor)
2. Talk to creditors (negotiate change in repayments and to postpone repossession + applying to defer from payments for a while)
3. Debt Consolidation (combine all loans and debts into one to make them easier to manage)
4. Apply for Bankruptcy (last resort option so they are only to be prevented from working in specific professions).
5. Seek Financial Counselling (contact the Financial Counsellors Association of NSW)

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Strategies to deal with Financial Management

Cards (5)

2.4 Making Financial Decisions

2.4 Making Financial Decisions

5.3.3 Financial Literacy

2.2 Financial Planning

4.1 Financial Assets

2.3.3 Financial Policies

3.2 Financial Statements

1.3 Financial Products

3.3 Financial Markets

1.7 Financial Planning

4. Financial Accounting

3.2.5.2 Financial institutions

Interpreting financial statements

5.3.3 Financial Literacy

3.5.1 Setting financial objectives

Using financial data to inform decision making

Unit 4: Financial Sector

3.5.3 Making financial decisions: sources of finance

4.1 Money and Financial Assets

3.5 Decision making to improve financial performance

3.5.4 Making financial decisions: improving cash flow and profits