Posts Tagged :

mortgage

In the habit of ‘whacking it on the mortgage’? Start treating it like any other debt (and get ahead)

Need a new kitchen? Fancy that round the world trip? Just whack it on the mortgage. In 21st century Australia we extend the mortgage every time we have a bit of ‘spare equity’ built up. It’s like we’ve inverted the whole concept of borrowing and the aim of paying it off has disappeared out the window. If you don’t pay that mortgage down as you would other debt, you could be forced to work until you drop just to pay the…

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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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Five ways to hack your mortgage and put money back into your own pocket

Big mortgages are daunting. Many Aussies pay almost as much in interest than the entire value of their home. The faster you can say “goodbye, mortgage”, the less your bank will make out of you and the more money will stay in your pocket.Try these clever hacks to cut the amount the bank makes off your mortgage. Better to keep that dosh in your back pocket than pay it to the bank. Hack 1 Make fortnightly payments If you cut the amount…

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The four pillars of wealth: Your way to a richer future

There’s no magic in becoming financially fit. But Credit Simple’s Four Pillars of Wealth approach can help you get there. Going from debt to building wealth is easier than you might think. We guarantee there are people around you earning no more than you do who are well on their way to wealth. Here’s how to become one of them: Pillar one: spend less Do you know your needs from your wants? It’s only you who suffers if you’re not…

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