Posts Tagged :

personal finances

What are neobanks and how are they different?

The term ‘neobank’ refers to a new crop of financial institutions that has been sprouting up throughout Australia and the rest of the world since at least 2017. What makes these banks different from traditional banks is that they have been reimagined from the ground up with a purely digital focus – to run seamlessly through an app and with no branches anywhere in sight. What are the benefits of using a neobank? The outside-the-box thinking common to neobanks offers…

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7 ways to save money this holiday season

Here are a few tips to help you ring in the new decade with as little debt as possible. 1. Reconsider whom you need to shop for At different points in our lives, it makes sense to shop for certain people and not for others. For example, when our nieces and nephews are young, gifts are appropriate but when they’re adults, maybe a heartfelt card is enough. Go through your list and decide whom you really need to shop for…

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Comprehensive Credit Reporting is a boon for Australians

Just as we hoped, Comprehensive Credit Reporting (CCR) has improved the credit scores of millions of Aussies. Late last month, the Big Four banks shared the remaining 50% of lending data with the credit bureaus, marking the biggest milestone in the history of the new reporting regime. Literally overnight, nearly half of all Aussies using Credit Simple received an improved credit score. What is Comprehensive Credit Reporting? CCR is a reporting scheme that takes all of a borrower’s credit history…

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7 tips to save money quickly
7 money saving tips you can complete in 10 minutes each

It can be all to easy to chuck anything money or finance related in the too-hard basket. But the truth is, spending a few minutes sorting out just one aspect of your finances can make a big difference. If you’ve got 10 minutes to spare, complete one of these money saving tips and you could see instant financial results. Empty your spare change into a jar Then pop on the lid. Now every time you’ve got a few bits of…

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How to enjoy a low-spend long weekend

As the long weekend kicks off, it can be all too easy to fill your time with fun and frivolous spending. But before you know it, Monday night rolls around and your bank balance is looking more than a little depleted. Luckily, it doesn’t take much to reset your default setting from ‘spend’ to ‘save’ for a few days, and the savings can be pretty significant. Read on for our tips to boost your savings in just a few days.…

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How to build an emergency fund (and why you need one)

Last week I paid for an upcoming ski holiday in Canada. The trip isn’t until next ski season but it has to be paid in advance. Skiing in Canada is my idea of nirvana, so it wasn’t too painful to see the thousands of dollars flowing out of my account; after all, it’s going to a good cause. But this week, my car decided it needed a wheel bearing replaced plus a wheel alignment and new spark plugs. Then my dentist…

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Does it pay to be a loyal customer?

You don’t get much in this life unless you ask. That’s definitely the case with your bank, your insurance company and utility companies. There’s a lot of money to be made there. And if we’re lazy, companies can maximise their profits. Don’t let that be you. By playing hard to get, or by ‘rate tarting’ (that’s shopping around for a better rate), you can have your loyalty rewarded. Understand your spending Before you storm into your bank or phone your…

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Eight ways to waste your money

We all throw money down the gurgler. But some people have far higher chances of getting a Darwin Award for stupidity by paying too much idiot tax than others. Stop wasting your hard-earned money in these pointless ways: Lottery tax So you think you’re going to get rich quick? If you’re convinced you’re going to win you’ve succumbed to gamblers’ irrationality. Why not be happier with what you’ve got in life already and save that money for your future? If…

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Funding your first set of wheels
Funding your first set of wheels – what you need to know before getting a car loan

Buying yourself a set of wheels is expensive. If you’ve saved the cash to buy the car, that’s great. But realistically, most young people have to borrow money to buy a car. If that’s you, brush up on a few things before you sign on the dotted line. Save Saving up and paying cash is the cheapest way to buy a car. Ask around and you’ll find friends who have done it. Surprising, huh? Downgrade your expectations We know you…

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How to turn your New Year’s resolutions into results!

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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