Borrowing power has plunged over $260,000 for some Australian families, trapping many mortgagees that can’t qualify for better rates, and hampering house hunter hopefuls. Lenders have been far more cautious in an effort to offset the risk of recession and higher rates that could impact long-term serviceability. Fixed rate borrowers who have just had their… Read more »
The economy is slowing, inflation is still too high, it has never been harder to balance the family budget and loan repayments are sky high… but the average Australian is still one of the wealthiest, if not THE wealthiest, people in the world. I always enjoy reading James Kirby in The Australian newspaper and during… Read more »
Research from Compare the Market’s new Household Budget Barometer has revealed the nation’s surprising financial fears for the next 12 months. According to the report, the cost of groceries, energy and fuel are the bills that Australians believe will cause the most pain in the next year. In fact, a whopping 66.4 per cent of… Read more »
I know you’re sick of me always saying you need to constantly shop around for the best deals on everything. But it’s so important. Those who have been following me for a while know my wife Libby is the world’s best when it comes to household finances… she has managed ours ever since we were… Read more »
Financial abuse is a powerful and dangerous form of intimidation which is a lot more common is Australia than you think. Wednesday was World Elder Abuse Awareness Day with older Australians being encouraged to stay alert for the warning signs of financial abuse and scams, coinciding with new CommBank research which found this age group… Read more »
Being a money minimalist will help you stay focused and avoid taking on unnecessary financial burdens. In this wild world where we have a heap of financial opportunities and options, it’s important to think strategically about how to invest your time and money. It’s not about how much stuff or money you have, but how… Read more »
There are two things you need to be successful: the right place and time and the right attitude. There’s a lot to be said for being in the right place at the right time. Whether it’s meeting a new love, being introduced to a future employer or just scoring a free drink, timing can be… Read more »
You wouldn’t wish a personal financial crisis on anyone. A personal financial crisis (PFC) can be so debilitating across your entire being. It can feel as though your whole life is about to come crashing down like a house of cards. A PFC can be triggered by a range of factors but the most common… Read more »
Why is it that you’re constantly getting into financial trouble even though you try so hard? Could you somehow be self-sabotaging your finances? No, you’re not intrinsically bad with money. But you might be unintentionally self-sabotaging your finances. All the budgets, savings plans, investment advice and frugal tips in the world aren’t going to help… Read more »
Do you know how much money is enough for you? You can only figure that out if you know what living a sufficient life looks like for you. If we want to be happy and fulfilled beings, we need to ensure we’re defining how much is enough in our lives. My company Sufficient Funds was… Read more »
