Regardless if we realise it or not, our credit report has a significant effect on our lives. It’s sort of like our health; we don’t treasure good health until we lose it. Most individuals don’t even know they have a bad credit report until they make an application for a personal line of credit and it’s disapproved. It can come as quite a shock to...
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Most of us have a pretty good understanding that weddings can be an expensive pursuit, but do you really know how much the average wedding costs in Australia? A little over $36,000, according to Australia’s Money Smart website. And that was in 2012! In today’s times, it’s perhaps somewhere around the $50,000 mark. I suppose if you have wealthy parents it wouldn’t be a concern,...
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There’s no doubt that hitting your 30’s is a huge landmark for everybody. Although some of us may have started a family, bought a house, or even started a new career, this decade of our lives has a major financial impact for your future. For many people, our financial responsibilities have more than likely grown and juggling expenses and responsibilities with saving money for the...
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There’s no doubt that your 20’s is a very precious phase of your life. There’s a timid but exhilarating sensation about becoming an adult, moving out of home, and being financially independent. Regardless if you started a career, a university degree, or spent time traveling the world and gaining life experience, your 20’s is a significant decade from both a personal and financial context. Regardless...
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Most of us pass through phases in life where money is tight. Fortunately for us, there are particular expenses that we can simply eliminate, for instance cable television, gym memberships, and dining out at restaurants. On the other hand, there are other expenses that we simply can’t avoid. Rent, debt repayments and school tuition are just some of the mandatory expenses that are set and...
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These days, saving money is an agenda that everyone wants to accomplish, though frequently it can be a complex task for lots of individuals. Rent, bills, food, and everyday essentials build up quickly, leaving most households with little to no savings. Having the capacity to save money and enhance your life appears to be a paradox, as we primarily associate a better life with spending...
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Congratulations! You’ve successfully served your three year period of bankruptcy and have been discharged, so now what? You’ve definitely taken the most appropriate actions to deal with your financial problems by filing for bankruptcy, and all your debts are well behind you now. Keep in mind though, there’s still a considerable amount of work required to get your finances back on track. The leading issue...
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Christmas can be a wonderful time of year. Spending quality time with your extended family, being on holidays, giving gifts to loved ones, and surely the famous Christmas dinner! It’s undeniably a time for giving, and with this comes costs. It’s very easy to overdo it with getaways, gifts, and mouth watering foods; to let your hair down and delight in the spirit of Christmas....
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If you have been given a bankruptcy notice or court order you must respond immediately to minimise future grief. Owing anyone money referred to here as a creditor, may be any person or company to whom you owe money. If you’re unfit to pay money to a creditor, the creditor will approach the Australian Financial Security Authority (AFSA) who will consequently dispense a bankruptcy notice...
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Today in the news, former economics advisor John Adams revealed that Australia is too late to prevent an ‘economic apocalypse’ regardless of his repetitive warnings to the political elites in Canberra. He continued to urge the Reserve Bank to raise interest rates to prevent household debt getting further out of hand. This bubble is very easy to explain. Confidence! It’s the misconstrued perception that Australia’s...
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