MoneySmart is the Australian Government's free personal finance website, run by the Australian Securities and Investments Commission (ASIC). It is designed to help Australians make better financial decisions — and if you are dealing with a debt, it has a range of resources that can help you understand your situation and options.
What MoneySmart offers:
- Budget planner — an online tool that helps you map your income and expenses so you can see what is available for debt repayment.
- Compound interest and repayment calculators — useful for understanding how much interest costs over time and how different repayment amounts affect the total you pay.
- Financial counsellor locator — find a free financial counsellor near you using the MoneySmart tool at moneysmart.gov.au/find-a-financial-counsellor.
- Guidance on debt — plain-language information on how to handle debt, what to do in financial difficulty, and how to negotiate with creditors.
- Scam alerts — updated information on financial scams to help you identify and avoid them.
MoneySmart is independent of Merion and of all creditors. Its guidance is objective and based on Australian law and consumer rights. We actively recommend it as a starting point for anyone who wants to understand their financial position before making decisions about a debt.
Visit MoneySmart at moneysmart.gov.au.
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