Managing weekly car payments requires careful budgeting and planning. Here are practical tips to help you stay on track.

Understand Your Total Costs

Before entering an agreement, make sure you understand:

- Weekly or fortnightly payment amount - Total cost over the full term - Any additional fees that may apply - What's included (rego, insurance, servicing)

Create a Budget

**Track Your Income**: Know exactly how much money comes in each week.

**List All Expenses**: Include rent, utilities, groceries, other debts, and your car payment.

**Emergency Fund**: Try to build a small buffer for unexpected expenses.

**Review Regularly**: Check your budget monthly and adjust as needed.

Payment Strategies

**Set Up Automatic Payments**: This ensures you never miss a payment.

**Align with Pay Cycle**: If you're paid weekly, weekly payments can be easier to manage.

**Keep a Buffer**: Try to have at least one payment amount saved as a buffer.

What to Do If You're Struggling

If you're having trouble making payments:

. Contact your provider immediately
. Review your budget for areas to cut back
. Consider if the agreement is still affordable
. Seek financial counselling if needed

Staying on Track

- Review your budget regularly - Track your spending - Avoid taking on additional debt - Build an emergency fund when possible

Remember, missing payments can result in fees and may affect your ability to complete the agreement.

*This information is general only and does not take your personal circumstances into account. Consider seeking independent financial advice.*