Is it weird if I talk to my loan statement like a motivational speaker? ‘Come on, interest rate, let’s get that number down!

Battling the Battler’s Bill: Can You Psych Out Your Loan?

Mates, let’s face it. Loan statements can be a real buzzkill. There you are, kicking back with a barbie after a hard yakka week, and bam! That interest rate hits you like a rogue wave. But what if I told you there’s a secret weapon in your fight against the high cost of borrowing? No, not a fancy financial advisor (though they can be handy). I’m talking about the power of positive thinking… for your loan!

Now, some might call you a bit daggy for giving your loan statement a pep talk. But hey, if it gets you fired up to tackle that debt, who’s judging? Here’s the thing: focusing on the negative just makes the mountain seem steeper. Instead, why not try some Aussie battler spirit and give your loan a good talking to?

• Channel your inner larrikin: “Look here, interest rate, you’re a corker, but you ain’t gonna hold me back! I’m gonna be making extra repayments every fortnight, and you’ll be seeing the back of me sooner than you think!”
• Visualise your financial victory: Imagine yourself ripping up that final payment slip, a triumphant grin plastered on your face. Channel that energy into making smart financial decisions.
• Reward yourself for milestones: Every time you make a significant chunk off your loan, celebrate! Shout yourself a snag at the barbie, or treat yourself to a weekend away. A little reward keeps the motivation burning.

Look, there’s no magic bullet when it comes to debt. But a positive attitude, combined with a solid budget and some good old-fashioned hard work, can make a world of difference. So next time you crack open that loan statement, don’t just sigh. Give it a good talking to, Aussie style! You might be surprised what you can achieve.