Posts Tagged :

debt

Man working out outdoors
Boost your savings with the Three Ts (track, trim, and target)

Saving is the worst. I cannot save money. I just can’t. I look at my payslip each month and take out the rent, the food, the car, the power, the water, the gas and there’s barely enough left to pay for the odd drink after work let alone save up for a deposit on a house or anything stupid like that. I know I was supposed to pay myself first but somehow that just never worked out. By the time…

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Nine ways to sabotage your own credit score

I’m working hard to improve my credit score these days. In the past I was a bit of a bad boy when it came to paying bills – so I’ve been looking into what will kill your credit score, and fast. Real fast. But just so you know: a good credit score is 500 or more on the scale of 0 to 1,000. Most of us Aussies sit between 400 to 600. Over 800 is brilliant. Anything less than 400 is…

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Know your rights: What to do if you’re being chased by a debt collector

There’s nothing like owning a ferocious guard dog for dealing with debt collectors. Chomp, chomp, chomp. There goes the arm of that dastardly fella. Well, not really. Setting the dog on the debt collector isn’t going to solve your problems – it’ll just make them worse. Debt collectors don’t even taste that nice (or so we’re told). It’s easy to stick your head in the sand when you can’t (or forget to) pay a bill. But leaving all those envelopes…

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Swiping right on Tinder? Watch out for STDs. (That’s Sexually Transmitted Debts)

It’s the great untold illness of personal finance. That’s sexually transmitted debts (STDs). It’s bad enough to build up your own debt. But when you shack up with someone else you often take on their debt as well. It’s easy to do. You spot someone across the bar, or on Tinder. The next thing you’re wildly in lust and then you become one. Bet you didn’t ask how big his or her debt was before falling head over heels for…

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Swimming in debt? Or drowning? 10 signs you need to take back control

Are you swimming in debt? Or even drowning? You’re not alone, heaps of Aussies have that same feeling they are sinking financially. Debt has its uses and can be used to spread out large or unforeseen expenses. Being in debt all the time, however, isn’t okay and you need to use credit, not let it use you. But there is a way out. Debt can be whittled away one dollar at a time if you start today. So what is “too much…

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Two nerdy friends
The Credit Simple team tells: ‘My money moment’  –  our financial epiphanies

“The day my Dad closed the bank of Mum and Dad when I was in my twenties. If things got tight, I’d just go to him and ask for a loan. Finally he said, “you’ve got to do this on your own”, and of course he was right.” –  David Slack, Content & Social Media Manager “I racked up a pretty nasty credit card debt when I was 19-20. I realised I needed to pay it off and just not…

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Are you a victim of lifestyle inflation? Our 10 (very honest) principles will help you beat the disease

Once upon a time I used to head to the nearest bakery or fruit shop for cheap lunch. A 50c bread roll or banana was sustenance enough to keep me going until I got home to have a decent balanced meal. Bit by bit over the years my bun and fruit habit evolved into buying $10 packs of sushi when I’m caught short without a packed lunch. Why? Because like virtually every person alive I can fall into ‘lifestyle inflation’.…

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Good debt, bad debt. Know the difference.
Good debt, bad debt: Know the difference

Debt’s bad, right? No, it’s good. Okay, okay. It depends on the situation. Debt’s good if it has a positive effect on your financial future. It’s bad if you’re buying unnecessary stuff and falling behind financially. Good debt Debt can be an investment. But before you tell your mates you’ve ‘invested’ in a new surfboard or the best winter coat ever, read on. Good debt is something that you will make money from. Here’s how: 1. Home loans Homes go…

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Young, single, and on a budget? Skip the mistakes that others make

You’re young, single and on a budget. It’s hard being a ‘yadult’ sometimes. But life’s a lot more fun if you’re not stressing about the power being cut off. Take some tips from others’ mistakes and skip the ‘shoulda known better’ stage of your financial future. Here’s how: Have a spending plan. That’s a budget, but if you think of it as spending plan it doesn’t feel like a torture device. The idea is that you get a pen and…

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Parents behaving badly: How parents’ money habits can rub off on the next generation

The concept of ‘monkey see, monkey do’ is alive and well in Aussie families, and that includes when it comes to our parents’ habits with money. When parents behave badly with money, guess what their children do? As a parent, your role modelling is one of the most powerful indicators of how well your children will survive financially. Whether your children are two or 20 you can set them a better example. Don’t see money and spend it Do you see money…

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