Debt is a choice and if you believe otherwise, you need to ditch your debt mindset and change your reality. By Simone Milasas What is your point of view about debt? Does it seem normal, inevitable or unavoidable to you? Have you been taught to believe that debt is bad, wrong or a necessary evil?… Read more »
What exactly is mortgage stress, and how can you overcome it without losing your home? With the Reserve Bank of Australia (RBA) signalling that interest rates are anticipated to rise in 2024, many banks and home loan providers have started to shift their own fixed rates. Many of these changes have seen these financial institutions… Read more »
Each week we ask a question to help you focus on an area of your finances that might need a closer look. This week: How can I get out of debt? Most people carry some kind of debt. Whether it’s so called ‘good debt’ or ‘bad debt’, you’re still living on money that belongs to… Read more »
With all the talk of zero waste and emissions in the run-up to this Christmas, I like to think extravagant Christmas spending and seasonal excesses may be as redundant as traditions like eating goose. But don’t count on it. Spending big on Christmas presents few people need, eating and drinking more than is wise and… Read more »
Fines suck, so avoid getting them. But if it’s too late for that, then you have a few options for getting the debt monkeys off your back. If you’re too slow sorting your fines out, you risk getting slapped with a late payment, interest and enforcement charges. So you’ll basically add more and more debt on… Read more »
Feeling stressed about money can affect your whole life – just look at the people who signed up for Squid Game. Try this strategy to conquer your money troubles and get your life back under control. When you’re stressed about money it’s hard to think straight. Everything in your life feels basically hopeless. Money feels… Read more »
While credit card debt has been significantly reduced over the past few years, 28 per cent of credit card users say they wouldn’t be able to manage their finances without one. So, what can you do to manage your credit card better? RBA figures show that Australia’s national credit card debt clocks in at over… Read more »
When you’re in debt, the stress can feel like you’re completely snowed under. Debt snowballing is a way to put all that snow to good work… Debt snowballing is a structured, goal-based approach to debt reduction, which also has strong psychological benefits. It involves paying off smaller debts first by making extra repayments, and gradually… Read more »
New research undertaken for this week’s National Summit on Women’s Safety finds violence and unwanted sexual activity are far more common among young women experiencing financial hardship than women who are not. By Alice Campbell, The University of Queensland and Janeen Baxter, The University of Queensland It comes as the federal government has denied Australians… Read more »
Yippee, you’ve scored a good looking return from the tax office this year. While you’re tempted to blow the lot, if you invest your tax return carefully you’ll set yourself up for long-term wealth. The ATO returned more than $1 billion to approximately 457,000 taxpayers in the 2019-2020 financial year. That’s an average return of… Read more »
