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Credit Simple

The right way to apply for a credit card

If you’ve thought long and hard about your need to get a credit card, and have narrowed down your options after an exhaustive comparison of rates, fees and perks, then the next step in the process of getting a credit card is to actually apply for one. Nowadays, most card providers let you do all this online, but applying for a credit card isn’t as easy as ticking a box. It can be a bit of a process, involving photo…

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How to build an emergency fund (and why you need one)

Last week I paid for an upcoming ski holiday in Canada. The trip isn’t until next ski season but it has to be paid in advance. Skiing in Canada is my idea of nirvana, so it wasn’t too painful to see the thousands of dollars flowing out of my account; after all, it’s going to a good cause. But this week, my car decided it needed a wheel bearing replaced plus a wheel alignment and new spark plugs. Then my dentist…

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Does it pay to be a loyal customer?

You don’t get much in this life unless you ask. That’s definitely the case with your bank, your insurance company and utility companies. There’s a lot of money to be made there. And if we’re lazy, companies can maximise their profits. Don’t let that be you. By playing hard to get, or by ‘rate tarting’ (that’s shopping around for a better rate), you can have your loyalty rewarded. Understand your spending Before you storm into your bank or phone your…

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Eight ways to waste your money

We all throw money down the gurgler. But some people have far higher chances of getting a Darwin Award for stupidity by paying too much idiot tax than others. Stop wasting your hard-earned money in these pointless ways: Lottery tax So you think you’re going to get rich quick? If you’re convinced you’re going to win you’ve succumbed to gamblers’ irrationality. Why not be happier with what you’ve got in life already and save that money for your future? If…

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Funding your first set of wheels
Funding your first set of wheels – what you need to know before getting a car loan

Buying yourself a set of wheels is expensive. If you’ve saved the cash to buy the car, that’s great. But realistically, most young people have to borrow money to buy a car. If that’s you, brush up on a few things before you sign on the dotted line. Save Saving up and paying cash is the cheapest way to buy a car. Ask around and you’ll find friends who have done it. Surprising, huh? Downgrade your expectations We know you…

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Back to school spending tips to kickstart 2019 the right way

With back to school fast approaching, kids and parents alike may begin to feel excited to start the new school year fresh. For parents, this excitement then subsides when faced with the multitude of items required to prepare kids for the new school year such as school uniforms and shoes, books, stationery and technology to name a few – families are often left feeling very overwhelmed by the expense. As an example, at the beginning of every school year, children…

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Six New Year’s resolutions to boost your credit health in 2019

Staying on top of your credit report regularly is good practice to keep yourself updated on how you manage your financial responsibilities. But what happens if your credit history isn’t as clean as you want it to be? When it comes to first impressions, the information contained on your credit report can have a massive impact on your future applications for credit. Here are some tips to improve your credit score and take the right steps towards financial responsibility in…

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Got a Christmas debt hangover? We’ve got tips to help.

The post-Christmas season can be a tough one, and our data shows Aussies are more likely to let their credit bills languish unpaid at this time of the year compared to any other. If you’re anything like the average human, you’re probably feeling the effects of spending up large in the lead-up to the festive season and in the wake of Boxing Day sales. “It’s easy to get caught up in spending over Christmas, but if you’ve used credit to get through the…

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How to turn your New Year’s resolutions into results!

For most of us, the New Year is a popular time to set personal goals and look back on the what we’ve achieved in the last 12 months. But with all the goodwill in the world, it can be hard to turn resolutions into results. People who study behaviour for a living reckon that for a resolution to actually work, it needs to tick five boxes. Happily, the five boxes spell “SMART,” making them not just easy to remember but…

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Credit cards: What is a Low-interest or balance transfer credit card

How credit card balance transfers work If you find yourself in credit card debt, paying a huge amount of interest every month and never making any reduction in the balance because it’s all going in interest, a balance transfer could be your way out. In a way you would be paying off your credit cards with another credit card, but the crucial difference is that the new credit card may come with an interest rate holiday. (After a basic card?…

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