Credit Simple
New data released today has confirmed that spending continues to rise to 15% above pre-crisis levels, driven by the massive cash flow impact of early withdrawal of up to $10,000 in superannuation money and the impact of $750 Stimulus payments.
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Thanks to everyone who completed our renting, home loans and utilities survey competition.
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We recently held 4 competitions asking for your best tips on handling the COVID crisis. We think these winning entries will inspire you!
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This week’s data shows that while spending has skyrocketed to 17% above normal levels, almost all of the growth was due to Stimulus and early Super. Meanwhile, as stage 3 restrictions enter their second week, spending in Victoria is around 15% below other states.
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Let’s be honest, how close are you to reaching your financial goals? Are you on track to getting that car you’ve been dreaming of? Are you on your way to buying your next property? Have you made headway in clearing those debts? Are you sitting…
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In Australia, some lenders are willing to offer doctors in the healthcare field benefits they might not extend to people in other professions. The main justification is around earning potential: doctors are in demand and a doctor’s salary is usually on the higher end (or…
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New real-time data from illion and AlphaBeta shows that Australia’s low-income earners (those earning less than $65k a year) have carried the economy on their shoulders throughout the COVID-19 crisis.
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If your credit score is suffering, you might be asking yourself “can credit repair companies help me improve my score”? The short answer is, yes. But that’s only if your credit history contains incorrect information, whether that’s one incorrect listing or dozens. But keep in…
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This week, the data is showing the first signs of ‘normality’ in the Australian economy. Cafes are almost back to pre-COVID levels, while spending on restaurants is 20% more than pre-COVID levels, mainly due to the increasing share of food delivery.
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New data released shows that women who accessed early Super focused their spending on essential items for themselves and their families, while men spent it on discretionary items, including a huge gambling binge.
read moreThe information provided on the Credit Simple website is general in nature and does not constitute personal financial advice. It has been prepared without taking into account your personal objectives, financial situation or needs. Before making any decisions, it is important for you to consider your personal situation and seek appropriate tax, legal and other professional advice.