Summer holidays and Christmas are almost here, it's always good to have some extra money in your pocket during such an expensive time. Christmas in particular is a really interesting time of year when you think about it - occurring at exactly the same time and day each and every year, we all know December is the season to be jolly. With that being said, Christmas still has an incredible way of creeping up on most of us each year, sending us into a frenzy to get everything ready! If you're one of many that knows exactly what we're talking about when we say Christmas frenzy then this list may have just arrived in time to save you the stress and some precious cash too! 1. Do a Christmas clean o
It is no secret that the practice of spending with borrowed money can sometimes get out of hand. It’s all too easy to swipe your credit card for a quick grocery shop, or choose the more expensive alloy wheels when opting for car finance. That feeling of “free money” is short lived, especially when your bank account is reduced to single digits after unexpected repayment deductions. If this sounds like you, understanding the concept of debt consolidation is important. Let’s call the woman in the above photo Sally. Sally has one fixed term home loan and one variable home loan. She has one credit card with a $4,000 balance, another with a couple of hundred left, and a personal loan she took out
KEY TAKEAWAY: Without a magic ball to look into the future, it's very hard to predict what changes may occur to the financial industry or your personal situation. Considering interest rates are still at a record low, it's a good time to safe proof you r home loan so that you're prepared for a possible spike in interest rates or an unforeseeable fall in income. According to a review conducted by the Reserve Bank of Australia, 1 in 3 Aussies don't have a sufficient buffer on their home loan. But what is a buffer? We'll explain everything you need to know about buffers here to minimise your financial risk. Home Loan Buffer Buffers are a security measure taken to soften the impact that financial
