by admin | Dec 29, 2022 | Budgeting, Debt, Economics, Family, First Home, Housing, Interest Rates, Lifestyle
Inflation and interest rates are rapidly rising in Australia and around the world. This means higher cost of living, higher home loan repayments … and higher mortgage stress for homeowners. Research by Digital Finance Analytics (April 2022) found that 42.2% of...
by admin | Nov 16, 2022 | Budgeting, Debt, Economics, Family, Lifestyle
Move over debit and credit cards; consumers are flocking to Buy Now Pay Later (BNPL) services. Afterpay, Zip Pay and several similar payment solutions allow shoppers to take home their goodies now while paying them off via a few weekly, fortnightly or monthly...
by admin | Nov 1, 2022 | Debt, Economics, Housing, Interest Rates, Investing
The equity you have in your home is simply the difference between the current market value of your home and the amount you still owe on your home loan. For example, if your home is worth $800,000 and your outstanding loan balance is $200,000, your equity is $600,000....
by admin | Sep 13, 2022 | Budgeting, Debt, Economics, Family, First Home, Housing, Interest Rates, Lifestyle, RBA
Post-pandemic economic shrinkages coupled with the Russian invasion of Ukraine in early 2022 have seen inflation spike to the highest level since the Great Inflation of the 1970s. This surge in inflation has prompted the Reserve Bank of Australia (RBA) to increase...
by admin | Sep 13, 2022 | Budgeting, Debt, Interest Rates, Lifestyle
Now and then, Jodi borrowed $100 from her parents. She’s good for it, and always paid it back, but her situation was not uncommon. 5.9 million Australians live pay-to-pay A study by Deloitte between November 2021 and January 2022, surveyed over 14,000 Millennials...
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