10 tips for managing debt better
Here are ten quick and easy financial planning tips to help you manage debt better: 1. Consolidate Pool all your debts into one. The benefit here is that you may …
Debt Management
Do new rules for credit cards impact you?
In order to protect card users, credit card providers are subject to stringent rules. Here’s a round-up of the most recent ones that have been put in place: Credit card …
Are low interest rates good for home buyers?
It goes without saying that homebuyers love low-interest rates. The lower the interest rate the less the mortgage repayments on a particular house, right? Well … maybe. Lower interest rates …
Switching home loans
Refinancing your home loan to take advantage of a lower interest rate might save you money. Before you switch, make sure the benefits outweigh the costs. If you’re struggling with …
5 ways to benefit from record low interest rates
Interest rates have never been lower, and it’s possible they might fall even further. This creates opportunities for householders and businesses, so how can you best take advantage of low …
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Is paying your mortgage off quicker really the best option?
Not so long ago one of the most effective, low-risk wealth creation strategies was to pay down a mortgage using spare savings, either directly or via the disciplined use of …
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How much Income do you need in Retirement?
Many people will say that they are dreaming of retirement, but some are not taking the necessary action to make it a reality. In fact, there are not too many …
Buy now; pay later; manage carefully
Before heading off on an overseas holiday, Sam decided to buy an expensive new camera to document his travels. The camera store offered a ‘buy now, pay later’ option, and …
Are falls in interest rates good or bad for homebuyers?
A fall in interest rates is usually greeted with delight by homebuyers. The lower the interest rate the less the mortgage repayments on a particular house, right? Well, maybe. However, …
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Tap and go – is it too easy to use our credit cards?
Talk about hammering the plastic. In November 2016 Australia’s 16.7 million credit card accounts were used to make 226 million transactions with a total value of $27.8 billion. We are …
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Super or the mortgage?
Many people wait until their home loan is paid off before investing more in super. However, if you are currently making more than the minimum home loan repayments, you may …
Offset accounts: A better way to manage your mortgage
If you want to repay your mortgage quickly and still have easy access to your additional repayments, an offset account may be worth using. What’s an offset account? An offset …
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Keys to de-stressing a mortgage
“Don’t sail out farther than you can row back.” This Danish saying is sound advice for anyone thinking of borrowing to buy a home, particularly now that interest rates are …
A tale of two retirements – which would you choose?
Sam and Sally Smith have worked hard all their lives, paid their taxes and, now they have retired, they feel they are entitled to a full age pension. Jan and …
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What is an annuity?
The term ‘Annuity’ is often mentioned in the financial press or TV advertising, but what actually are annuities and how do they work in practice? The word annuity itself originates …