Posts Tagged :

saving

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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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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Never drink your rent (and other sensible life advice)

It can be a dry old topic, personal finance, and it can sometimes inspire feelings of sadness due to one’s lack of savings, which is why I used to imagine it might be more fun to work in in banking pocketing ludicrous bonuses for throwing around other people’s money while sustaining a truly ludicrous social life possibly due to illicit substances. Unfortunately, I have since worked for a bank and I didn’t once get to roll around in piles of dosh…

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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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Suburban street in Melbourne
Eight ways for young Aussies to get their foot onto the property ladder

It was something people used to take for granted: you save for deposit, you get yourself a mortgage, you find a modest little house and off you go: a property owner in Sydney, or Melbourne, or Launceston, or Townsville. But how much does that picture line up with the reality these days? We’ve been looking at some recent media stories, and when you line them up you see many trends that suggest the dream could be slipping out of reach…

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