Fixed rate terms last for a set period of time that is prearranged between you and your lender. Fixed rate periods last between one and five years. When your fixed rate term ends, your loan will usually revert automatically to the standard variable interest rate unless you have provided instructions to refix your loan. As … Read more
Saving regularly is a habit that needs to be cultivated and as with most things in life, starting sooner rather than later often gives investors a huge advantage. When it comes to the topic of spending and saving, it seems like there are countless ways of doing it. A quick internet search throws up guidelines … Read more
The excitement of heading towards retirement and a new stage of life can be tinged with concern over how to manage finances. For many people, seniors’ concession cards are a good way to help make ends meet. While discounts on goods and services are always welcome, they’re even more valued right now as living costs … Read more
How much money you’re able to invest each year is one of the biggest factors in achieving your financial goals. And the longer you’re invested, the more time your money has to compound and grow. Inflation is up and markets are down. What does this mean for you? Entering the world of investing can be intimidating, … Read more
You don’t have to pay yourself super, but when you retire, you might be glad you did. You can make regular or lump sum payments, can usually claim a tax deduction on contributions, and may be able to save tax. Why pay yourself super There are advantages to contributing to super, depending on the type of … Read more
With official interest rates on the move, shrewd mortgage holders may take the opportunity to call their lender to ask for a better deal. But when even a small interest rate reduction means potential savings of thousands of dollars, is a simple phone call really enough to get you there? While a number of lenders … Read more
What exactly does responsible investment mean? Is there trade-off between ESG considerations (investing responsibly) and investment returns? Read on to find out more. A growing number of Australian investors are taking a responsible approach to their investing, quite possibly without even realising they’re doing so. That’s the reality of a rapidly evolving global investment universe, … Read more
It’s common for business owners to get frustrated that their bank account doesn’t seem to reflect their profits. It’s essential that you understand the difference between profit and cash, and why a high profit doesn’t necessarily result in more cash in your bank account, writes Brad Turville, director and business advisor at BJT Financial. A profitable … Read more
With a degree of economic uncertainty in the air as interest rates rise around the world, being able to get investors on board is more important than ever. Being able to clearly demonstrate your ideas to external parties is only going to become more critical, writes Alan Manly OAM, CEO of Universal Business School Sydney (UBSS) … Read more
Online shopping can be a convenient way to buy the things you want. Know how to protect yourself online, and what to do if you don’t get what you pay for. What to look out for when you shop online Not sure if you can trust a website with your personal information? Follow our simple … Read more
When it comes to investing in real estate, equity is a key concept to wrap your head around. The Successful Investor’s Michael Sloan explains what equity is, and how you can use it to your advantage. What is equity? Equity is the difference between the current value of your home and how much you owe on it. … Read more
Understanding how your super works and making sure you are getting the most out of your fund is essential to achieving the retirement lifestyle you envision. The superannuation guarantee is a percentage of your income put aside by your employer over your working life to help you fund your retirement. It’s easy to forget sometimes … Read more