The Power of Budgeting A budget can help you work out what you’re spending money on and when Are you aware you need to change your spending habits, but not sure where to start? A budget can help you get back to basics and work out what’s going where and when. Whatever your plans, a budget can help you to: get more organised with your finances cut down spending in areas you have a tendency …
Understanding lender’s mortgage insurance Find out what lender’s mortgage insurance is and how it may affect your home loan. You’re looking for the house of your dreams or maybe you’ve already found it. It’s an exciting time but it can be daunting when it comes to arranging finance and meeting all the upfront and ongoing costs, such as lender’s mortgage insurance. How lender’s mortgage insurance works When it comes to arranging a home loan, if …
How Can You Repay the Debt on Your Credit Card Faster? When people get their first credit card, they assure themselves that they will not use their credit card for unnecessary purchases. However, they have just lied to themselves, as in the coming months; they find themselves in debt. If your credit cards are maxed out and the interest rates are through the roof, you are in a desperate need to get out of debt …
Tips and traps of credit Starting out with a HECS debt is bad enough, but abusing a credit card can also mean trouble. Admittedly it’s tempting to spend with interest rates at current levels, but most credit cards still have double-digit rates.1 Of course a card is useful when you don’t have ready cash, but unless you pay off the balance in full each month the interest costs add up. Credit card statements today …
How can I own my home sooner? It doesn’t have to be the stuff of dreams. There are several strategies that could help you pay off your home loan sooner. And it doesn’t necessarily mean sacrificing the things you love doing today. The first step towards paying off your home sooner is to understand your loan—how much you owe, how much you are paying and what other financial commitments you have. Once you know …
Seven steps to cutting debt It’s time to drop your debt weight and get financially fit. You enjoy a challenge – right? Then step towards financial fitness by cutting your debts this year. Understand and embrace your debt. Firstly, work out where and what type of debt you have and start to plan how you’re going to cut it down. For example, if you roll multiple debts into one, you may save on fees …
3 ways to get a foot on the property ladder Creative ideas for younger Australians to invest in property It won’t come as a huge surprise to learn that Australian homes are among the most expensive in the world. In a recent survey[1] every Australian town and suburb was rated as ‘seriously’ or ‘severely’ unaffordable. And if you’re in a capital city it’s even worse, with the average Sydney home costing nine times average household …
Brush Up On Your Knowledge Of Credit Cards The use of credit cards continues to enjoy an almost meteoric rise to popularity and fame. It has been seen that credit cards have now even overtaken debit cards in the race to become the top plastic alternative to money. The use of credit cards is more often than not rewarding in terms of credit scores and points. Yet, it is important that you are smart when …
Save Money on Your Utility Bills Money plays a vital role in the modern day lifestyle. Everybody seems to love having lots of cash around them ready to spend. Money has become one of the most important necessities in the world. To be able to enjoy the facilities of life, money is one of the most important components. Another important component that’s required to keep the standard of quality high is the utilities. In my …
Do You Know the Difference between Needs and Wants? What’s one reason why people aren’t able to save money? They don’t know the difference between their needs and wants, resulting in too many unwanted things spilling out of your cupboards, closets, and drawers. In order to prevent their desires from controlling their thoughts, they need to differentiate between what they need and what they can do without. Here’s how to start: 1. Make a List …
