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home loan repayments are about to increase! 7 proactive ways to get ahead

1) make repayments fortnightly over monthly (you'll be 4 weeks ahead in 12 months)

2) negotiate with your bank for a rate discount, refinance if they try and retain you

3) review your last 30 days' transactions, identify where you're frittering cash

4) pay down your unsecured debt, starting with the highest interest rate debt

5) resist temptation to take out any new debt

6) if you can't get rid of this unsecured debt, consider consolidating in your home loan, on a similar term, to lower your repayments

7) continue to add to your cash reserves now, while rates are still low

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