Saving

The cost of convenience - 5 things to know when buying direct life & income insurance

You do not buy a trolley full of groceries from the corner store, you never buy good coffee at the service station and you certainly never purchase drinks & lollies at the cinema - unless you’re happy to get ripped off. 

Full disclosure - I knowingly pay 500% above cost for hot popcorn at the cinema and that’s a decision which I am comfortable with. I once did go to the mother's room of a shopping centre (like before a 9:30pm movie - so no one was in there) and microwaved packet popcorn; however, it was just weird. So, I have stopped that practice.

27 Jun 2017 Read More
Planning

3 things to do when you want to turn over a new [financial] leaf.

You were pumped up for a new weight loss and get-fit program, you had the blender, shakes, books and online subscription. The only issue was that after 6 weeks of the program, you had not lost any weight and there was no real change. Would you continue or go back to your old ways? Probably the latter if you’re human.

Personal finance and financial planning is no different to fitness and weight loss. It’s about habit and behaviour. There is no point turning over a new leaf financially and wanting to take your finances to the next level unless you have a clear path, with no distractions and some accountability helps, too.

27 Jun 2017 Read More
Saving

Things to consider before taking out a mortgage

Are you thinking of buying a property? Whether you are a first home-buyer or looking to invest, there is always something to learn to help you get a better deal.

27 Jun 2017 Read More
Saving

Five money-saving apps that will transform your financial life

Are you having trouble staying on top of your personal finances? It’s a horrible feeling when you are drowning in a growing pile of unpaid bills. Or if you can’t do something you really want to do simply because you can’t afford it. If you have the right technology at your fingertips then you can easily save time (and make money) on the go.

27 Jun 2017 Read More
Planning

Prosperity in Old Age; Managing Finance for the Retired in Australia

The biggest fear for any retiree, anywhere in the world, is running out of money. To prevent that from happening, retirees in Australia look for ways to keep their pension safe. Unfortunately, it has been reported that most Australians do not plan for their retirement sufficiently during their employment phase of life. 

27 Jun 2017 Read More
Borrowing

5 tips for getting your home loan approved the first time

Are you planning on applying for a home loan? Whether it’s your first time or not, there’s always something you can learn to make the process easier and help you secure the best deal.

These five tips will help you improve your chances of securing a home loan the first time around.

27 Jun 2017 Read More
Planning

3 things to do when you want to turn over a new [financial] leaf

You were pumped up for a new weight loss and get-fit program, you had the blender, shakes, books and online subscription. The only issue was that after 6 weeks of the program, you had not lost any weight and there was no real change. Would you continue or go back to your old ways? Probably the latter if you’re human.

Personal finance and financial planning is no different to fitness and weight loss. It’s about habit and behaviour. There is no point turning over a new leaf financially and wanting to take your finances to the next level unless you have a clear path, with no distractions and some accountability helps, too.

31 May 2017 Read More
Planning

How to prepare for moving out of home

A mixture of emotions are stirred up when you're leaving the nest for the first time - happy, sad, excited, scared, worried. For some people moving out is intuitive and can be a simple process, for others it's not so easy. Here are some top tips to help with that transition: 

31 May 2017 Read More
Borrowing

5 things you need to know about equity – Michael Sloan

Equity. It’s a term often bandied about but many people are confused by what it actually means. In investment terms, in its more basic form equity is the difference between the current value of your property and the loan you have against it.

But there are a few more pieces to the equity puzzle. To help you work out how much equity you actually have available, let’s take an easy example. Say your current property is valued at $500,000 but you still owe the bank $200,000. In theory, you then have $300,000 worth of equity. But you can’t use it all; the bank is usually only willing to lend you 80% of the value of the property. This leaves them a 20% buffer to protect their interests’ in the event something goes wrong. So in this example, you have $200,000 of available equity

19 May 2017 Read More