Posts Tagged :

personal finances

Couple jumping on beach
Life after bankruptcy: How to repair your credit score, finances, and emotional wellbeing

There’s life after bankruptcy. Having your debts cleared by bankruptcy can be a chance for a fresh start. But picking yourself up afterwards can be way more difficult than most people expect. Bankruptcy isn’t just a piece of paper. By the time you’ve reached that point, your financial and emotional future can seem like a long dark tunnel with no end. Coming back from bankruptcy When entrepreneur Michael Williams* reached the point of bankruptcy, debt collectors accompanied by gang members…

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Wham, bam, thank you, scam: How to spot a holiday scam

If you like your money, don’t fall victim to a holiday scam. All too many Aussies do. NSW Liberal MP Gareth Ward escaped a “terrifying” attempt to blackmail him in a New York hotel, The Australian reported.  He ordered a US$100 massage and was allegedly charged US$1,000.  Fake “chiefs” in Fiji were trying to sell holiday properties they didn’t own to Australians, The Courier Mail reported. The offers were “too good to refuse”.  News.com.au reported that a New Zealand man…

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Women more likely than men to rate themselves as excellent money managers  –  except Gen Z

Women are making headway with equality in everything from climbing the ladder at work to starting their own businesses, but young Generation Z women feel they aren’t as good with money as their mothers were, while Gen Z men feel more confident, indicates research*. The research, which we commissioned to see how women feel about their finances in the lead up to International Women’s Day on March 8, indicates that overall, women are more likely than men to rate their…

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What could you save by removing extras from your shopping?
Budget Betty: What could you save by removing extras from your shopping?

Are you throwing money away every week on your shopping? Think online shopping for clothes you absolutely don’t need, or popping into a nice store because you like the look of something in the window and then walking out having spent $300. It’s okay – we’ve all been there. But putting thought into saving money on your shopping in Australia can help you to keep your bank account healthy, which means you’ll have enough money to pay your bills and…

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How long does it take to recover from serious financial difficulty?

If you’re on the verge of a serious financial problem, you need to act quickly. Going bankrupt or having multiple defaults listed on your credit report can severely impact your future ability to take out a loan or open a new line of credit. Lenders will look at your financial past, see that you’ve been unable to handle your finances, and potentially refuse your application. Examples of a major financial misstep include going bankrupt, failing to repay multiple debts over…

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You say you want a resolution?

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 Simple launches Clear Name, a way for people to clear outstanding defaults at a discount

Today we announced we’re launching Clear Name, a sister business to Credit Simple, which is going to give Aussies a way to clear outstanding defaults at a discount. Clear Name is an Australian first, and it’s designed to give people a chance to pay off unpaid defaults online and at their own discretion. People will be able to access Clear Name through Credit Simple. We reckon Aussies deserve the best shot at living a healthy financial life, so we’re calling…

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Are your finances suffering from ‘excusitis’? Beat it, now

Liar, liar, pants on fire. We Aussies are masters at coming up with excuses for our spending and debt. I’ve heard it called “excusitis”. We convince ourselves that “we’re different” or that “we need it”, or “everyone else does it”. It’s that six inches of grey stuff between your ears that’s at fault. And it’s getting worse. A staggering 70.19% of Australians have a credit card  and our balances have grown from $5.9bn in 1995 to $51.8bn in 2016. Ouch.…

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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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Beat your brain (and better your bank balance) by understanding thought processes
Beat your brain (and better your bank balance) by understanding thought processes

Is everything you do with your money logical? Don’t fool yourself. Human brains were designed for fight or flight. There’s emerging research showing that even the smartest humans make stupid financial mistakes thanks to our prehistoric brains. Neuro-economists have found longs lists of “cognitive biases” behind why our financial decisions are so flawed. They’ve found that both amateur and professional investors alike are tripped up by inadequate evolution. So when you next fall into the needs versus wants trap, borrow…

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