Credit cards certainly can make life easier – they are simple to use, accepted almost everywhere, and help you to buy what you want, when you want, particularly online. So much so that living close to, (or often beyond), the credit limit has become the norm for many people and spending can quickly get out … Read more
Now and then, Jodi borrowed $100 from her parents. She’s good for it, and always paid it back, but her situation was not uncommon. ‘5.9 million Australians live pay to pay’ [1] A study by Deloitte between November 2021 and January 2022, surveyed over 14,000 Millennials (born 1983 – 1994) and Gen Zs (born 1995 … Read more
The dawn of a new year sees many people setting new year’s resolutions such as losing some weight or giving up smoking. Similarly, the beginning of a new year is the ideal time for setting financial goals, and here are four practical ways you can kick your year off to a great financial start. 1. … Read more
Economies tend to face headwinds every ten years as the business cycle moves from periods of growth to contraction. While recessions are challenging for small and medium businesses across Australia, it doesn’t mean there aren’t significant opportunities to strengthen your business and come out of challenging times stronger and more profitable. In this article, we’re … Read more
Are you taking care of elderly parents? Do you still have adult children living at home? Do the words ‘meat’ and ‘sandwich’ strike any chords with you? You could be a member of the “Sandwich Generation” without realising it! Sandwich Generation refers to people who are ‘sandwiched’ between caring for elderly parents and adult children … Read more
When you invest over a period of time, compound interest is your best friend. In effect, it means you are earning interest not just on your own capital, but also on the interest you’ve already earned. Over the long term, this might be phrased as “interest on interest on interest on interest on interest …” … Read more
To help you manage your debt position, here are ten quick and easy tips. 1. Consolidate: Pool all your debts into one. The benefit here is that you may reduce your overall interest cost. This would certainly be the case if you use a line of credit facility and combine high interest credit cards. If … Read more