Finding it hard to achieve your financial goals? You could join the growing ranks of Aussies earning a second income to boost their back account balance to save for a home deposit.
If you’re already a homeowner, the rising value of property in most parts of Australia is likely to be something you’re celebrating. But for many would-be buyers, renters and parents, rising costs and lower affordability are a source of enormous frustration.
The average first home buyer’s loan in Australia is over $315,000 which means to save for a 20% deposit sometime in the next decade you may need to put away a few hundred dollars a month. Savings accounts are still the most popular way for Aussies to save money but with interest rates at historically low levels the returns can look pretty meagre.
A side gig can be a great way to indulge a passion without quitting your day job. Not to mention the additional benefit of boosting your income. But how do you get the work, life and tax balance right?
Ignorance is bliss, right? Not when it comes to your credit reputation! Many people don’t check their credit score or credit report because they’re afraid it might be bad. In fact, research commissioned by Experian shows that more than 80% of Australians have never accessed their credit report.
We take a fascinating look at Australia’s spending and saving habits and how they vary across the country. How do you compare in the mix?
Wages growth in Australia has been pretty flat in recent years, so you might think the chances of a pay rise to boost your borrowing power are low. But if you don’t think you’re getting paid enough it could still be worth a try. We investigate how to boost your chances of success when negotiating a pay rise.
Do you have to stay in your 9 to 5 job to buy a home? We look at what self-employed workers need to consider when applying for a home loan.
From changing your mindset to separating your accounts, here’s how to help yourself become a reformed spender and a well-trained expert in saving.
Whether you call it CCR (Comprehensive Credit Reporting), or Positive Reporting, or you’ve just read something in the press that’s made you go “Hang on, is my credit report going to change?” – the bottom line is that there are changes coming to Australia’s credit reporting system that you should know about.