Why people choose the wrong credit card

Why people choose the wrong credit card Now we have a bit more proof that these warnings from consumer advocates were spot on. As banks face pressure to live up to claims they “put customers first”, the Reserve Bank released research finding almost two out of three Australian cardholders receive no “net monetary benefit” from having a credit card. When you think about it, that’s a surprisingly high proportion of customers who are no better …

6 ways to reduce your credit card debt once and for all

6 ways to reduce your credit card debt once and for all Here are some tips to start paying off your debt $45 billion. That’s how much Australians owe on their credit cards.i Now, perhaps that’s no drama if we’re not paying too much to access credit and we’re managing to avoid interest charges by paying back what we owe on time. But we paid a collective $1.5 billion in fees in 2016-17.i And we’re taking …

7 money personalities you may identify with or want to avoid

7 money personalities you may identify with or want to avoid Are you the friend that shouts more than what you can afford, or the one that’s happy with a handout because no one knows struggle street like you do? When it comes to money and people’s behaviour, you may have a few labels or preferred ways of describing those nearest and dearest to you – and surprise surprise, they may do for you too. …

The best money blogs and financial advice for 20-somethings

The best money blogs and financial advice for 20-somethings  Are you a 20-something, a Millennial, a Gen Y or a Gen Next? Actually, it’s a trick question, as they’re all the same thing. Whether you believe such a label applies to you or not, you may think managing your money better isn’t something you should be doing until you’re 30-something and living in your own home with kids. Here we feature some money blogs to …

Personal debt – maybe the mortgage isn’t so bad

Personal debt – maybe the mortgage isn’t so bad Household debt in Australia is high but more of us are taking a sensible approach to debt management. Nationally, our household debt ratio is nudging 200%. On paper it means we owe twice as much in debt as we bring home in our pay packets each year. It sounds like an alarming figure but as 74% of all households have some level of debt, the reality …

The inconvenient cost of convenience apps

The inconvenient cost of convenience apps In today’s digital world, there’s a mobile phone app for just about everything. It can make life easier, but convenience can come at a cost. Smartphones have wrought remarkable changes to our way of life in just a few short years. Need a ride somewhere? There’s an app for that. Too tired to cook dinner? There’s an app to supply takeaways direct to your door. Need cash in a …

Digital payment options could see you spend more this Christmas

Digital payment options could see you spend more this Christmas With the festive season just weeks away, Australians are gearing up for the annual peak spending period, and the growth of digital payment options could be widening the gap between what we regard as our spending limit and the balance of our bank account. The disconnect between cards and cash Credit cards make spending (and overspending) very easy, and a new breed of “digital wallets” …