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 …
Aged care – A loser in the recent 2015-16 Federal Budget Residential aged care received only minimal attention in the government’s recent Federal Budget. Unfortunately, people entering residential aged care from 1 January 2016 are the losers from the budget, as the strategy available to assist families wishing to keep the family home will be removed. Currently there is an advantage for people entering aged care to keep the family home and fund all …
How to keep SMILE-ing in retirement If you’re crunching the numbers to work out how much you need in retirement, it’s time to sit down and take a deep breath… The latest Retirement Standard from the Association of Superannuation Funds of Australia estimates that people retiring today, who are in good health and own their own home outright, will need $430,000 if single and $510,000 for a couple to maintain a comfortable standard of living …
AMP NATSEM Income & Wealth Report We can work it out: Australia’s changing workforce In recent years we’ve experienced a global recession that’s changed the global labour force with industries closing down, job lay-offs and increasing unemployment. On top of that, in Australia we’ve experienced significant structural and technological change that’s seen us move from an agricultural based economy to being services based. The recently released 36th AMP.NATSEM report takes a look at the current …
Saving Money While Following Eco-Friendly Habits Saving the environment is one of the few noble causes that we can work towards. The best way to save the environment is to adopt eco friendly habits that help us save the environment for ourselves little by little. While it is a popular saying that going green isn’t the easiest way, it is definitely worth the try because of its benefits to us. Going green doesn’t only help …
Want To Save Money? Change Your Lifestyle Money Saving Was Never Simpler! We keep looking for money saving tips and ways to grow money, but how many of us try to figure our mistakes that make us such money wasters? Money saving is not that much of a big deal as we have made it! The problem lies in our lifestyle. We have become so used to unnecessary luxuries that we cannot think of a …
3 Steps To Get Your Credit Card Charge Back With the end of the season of festivities over, it is time for most of the people– who’ve spent lots of their fortune on making holidays fun for their family and friends – to look back at their credit card bills and go through their expenses. Often during this process some people are likely to come across expenditures that have been deducted from their credit cards …
Where Does All My Money Go? Time to Learn Money Management! Ever get frustrated that why the money you earn is never enough to satisfy your needs? If yes, then you are not alone. Almost every other person is wondering where on earth do they spend all their money. If you don’t want to be bothered by this question ever again, then you need money management! You might have come across the term a million …
