Congrats AlphaBeta survey winners
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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July 20 Economic Update: Spending skyrockets to 17% above normal levels
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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Credit Simple App – Understand where your money is going
The truth is, many of us could do with a little help managing our money. Even prior to COVID-19, approximately 41 per cent of Aussie households were breaking even each month, with about 10 per cent spending more than they earned1. And with unemployment rising…
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Getting a home loan as a doctor
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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June 29 Economic Update: battlers bolster economy through pandemic
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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June 22 Economic Update: Not quite Saturday night fever, but weekend spend almost back to normal
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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June 15 Economic Update: Men spend up big on tax-free Super
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.
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Here’s how we’re spending, and saving, during COVID-19
There’s no doubt we’re living in strange times right now, and with that in mind, we’ve been asking Credit Simple members in Australia about their experiences, and how they’re spending, and saving, during the COVID-19 pandemic.
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June 1 Economic Update: Tax-free Super withdrawals are proving to be too tempting
If you didn’t need it, would you access your Super early? Many of your fellow Aussies sure did, as our research shows that 40% of those dipping into their retirement funds because of Coronavirus, did so even though their income hadn’t suffered. The following analysis breaks this down further and answers “is it worth it?”
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May 25 Economic Update: Spending is back to pre-crisis levels, but will it last?
New data released today shows that spending in Australia is returning to normal – just 3% below pre-COVID-19 levels, thanks to recent hardship measures like mortgage holidays and government stimulus payments.
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.