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Do I Really Need an Emergency Fund? Here are the Benefits

emergency fund

Roof leaking out of the blue? Car broken down in the middle of a highway? The unfortunate aspect of emergencies is that you never know when they are going to occur. These scenarios may consequently lead to you being hundreds OR even thousands of dollars out of pocket. However, an emergency fund coul... Continue reading

Tags:  Debt Advice

How to Get Over Your Debt Hangover!

debt hangover

What is a Debt Hangover? With Australia now sitting at an all-time household debt high of over $1 trillion, it’s no surprise that the FCA (Financial Counselling Australia) headlined mortgage stress as a top contributor to Australia’s “debt hangover”. The CEO of FCA went on ... Continue reading

Tags:  Debt Advice

The Assets That You Lose in Bankruptcy

assets you lose in bankruptcy

Bankruptcy can be an effective debt relief solution, but there are real consequences. During bankruptcy, many of your assets are up for grabs and you can potentially lose everything from cash in your bank account to real estate, cars, and investments. A trustee appointed by the court to administer y... Continue reading

Tags:  Bankruptcy

Personal Debt Agreements Still on the Rise

increasing personal debt agreements

Overall in Australia, and especially in Western Australia, personal debt agreements are on the rise. Traditional bankruptcies have also increased, but far less so than personal debt agreements. In Western Australia, personal debt agreements have increased nearly 30 percent, while bankruptcies have i... Continue reading

Tags:  Debt Agreement

Planning and Preparing for Retirement

planning for retirement

As people head towards their late 50s or early 60s, they may be wondering about when it will be right for them to retire. The benefit of a compulsory superannuation scheme allows individuals to be somewhat prepared for this eventual outcome, whilst there are even cases of people who’ve been pl... Continue reading

Tags:  Personal Debt Management

The Common Characteristics of Debt-Free People

debt free characteristics

Living a debt-free lifestyle means thinking simply, directly, and sometimes ever-so-slightly out of the box. It means taking on a new manner of thinking, and it means prioritising in a way that changes lives. Those who live a debt-free life share very specific characteristics. It’s no accident... Continue reading

Tags:  Debt Advice

Top 5 Saving Tips before the Christmas Season

saving before christmas

With Christmas fast approaching, is it time to think about how to best spend your money? The holiday ritual of buying presents and consuming copious amounts of food results in huge spending for a lot of Australian households. It’s important to be prepared and not over-stretch yourself, because... Continue reading

Tags:  Budgeting

Student Credit Cards Causing Risk of Bad Credit

student credit card debt

Too Easy to Get a Credit Card? New research has found that almost a quarter of Australians have signed up to a credit card as a teenager. The accessible nature of attaining your own credit card has fuelled warning that without the right education or guidance, this could easily lead to a debt spiral... Continue reading

Tags:  Credit Card Debt

Top 5 Apps to Help Control Your Personal Finances

apps to help with finances

Have you ever wondered how much of your money goes to paying off bills? Or how much disposable income you can afford to spend without affecting your day-to-day living expenses? Organising your finances can be a time consuming and mundane process. Keeping track of your spending and expenses is not a... Continue reading

Tags:  Debt Advice

4 Reasons Not To Borrow from Family or Friends

why you shouldn't borrow money

Borrowing money from friends or family can be a very sensitive topic, but one that might ring a familiar bell to a lot of people. Whether you’ve experienced this yourself or heard stories second-hand, situations like these can prove to be quite complicated for all those involved. Whilst the co... Continue reading

Tags:  Debt Advice

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