Personal finance

Category: Personal finance

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Can you afford a rise in the cash rate?

With the Reserve Bank of Australia (RBA) keeping interest rates at historically low levels (currently  0.1 per cent) and competitive mortgage rates as low ...
Ferrari

Debt servicing costs should not exceed 30 per cent of income

Debt is useful for buying assets and leveraging to increase our wealth. But how much debt is too much? For the average Australian, debt ...
eat leftovers

Eat your leftovers

The average grocery spend per week in Australia is $140. That equates to $6,720 per year. On average we throw away 20% of our ...
sparkler

No interest loans

No interest loans can be accessed by those who need an immediate cash boost to get their heads above water. Individuals struggling with money ...
Successful people

Surround yourself with success

Whether in your personal life, or business, you are only as good as the people around you. Choose successful friends and circulate with high ...

Have the money conversation with you partner

  If it looks like your relationship is getting serious, have the money talk as early as possible. Whilst it might not seem romantic ...
records

Keep good records of your expenditure

  Keeping good records of your expenses is essential to building wealth. For example, keeping your purchase receipts is critical for recording any claimable ...
save money

Save money before you get it

The 'save money before you get it' strategy helps those who find it difficult to meet their weekly or monthly savings goals. It prevents ...
new car

Here’s why you shouldn’t buy new!

  When purchasing big-ticket items like cars and furniture, it’s tempting to go for the latest model or fashion trend. Whilst marketing campaigns are ...
cosign loan

Do not cosign a loan

At some point in your life, a relative, friend or colleague will ask you to cosign a loan. A cosigner ‘agrees to be responsible for a ...