Posts Tagged :

personal finances

Stacked coins on white background
Complete cheapskate: How to conjure up money from nothing

Do you want to conjure money up from nowhere? It can be done. Cheapskates spend almost NOTHING. They pop to the toilet when it’s their round to buy the drinks and trawl local free sites for unwanted pet bunnies to eat. Well perhaps not bunnies, even though it’s been done. But here are some cheapskate ideas to ratchet down your spending big time before your debts affect your credit score: Become a Freegan. It’s amazing how much free food you…

read more
How to lose interest in presents (yes, it can be done)

It is a truth universally acknowledged that birthdays require delicious cake with lashings of icing and a complete lack of regard when it comes to calorie intake. However, it is a fib, unfortunately universally acknowledged as a truth, that birthdays also require presents – the rationale being that the more expensive the present, the more you love or admire the recipient. I have pondered this matter deeply, and after accidentally smashing my annual presents budget in six months, I have…

read more
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…

read more
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…

read more
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…

read more
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…

read more
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…

read more
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…

read more
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.…

read more
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…

read more