We all know it – cash is no longer king. Australians now use cards more often than cash to pay for things. Understanding the value of money is an important childhood lesson, so as traditional cash nears extinction, how do parents pay their kids pocket money and continue to instil a practical life lesson? This clever Australian business might just have the answer.
Taking on a mortgage means taking control of your finances. Adding an investment property to your loan portfolio requires additional discipline and planning. With interest rates lingering at record lows, it’s important those taking on another mortgage look beyond the here and now and invest in some long-term thinking.
Owning your own business can free you from the nine-to-five grind, help you fulfil your passion, create financial opportunities and give you more control over your life. It can also keep you awake at night. Just ask the two million or so Australians running small businesses1.
The festive season might be a distant memory but many of us will still be paying for it well into the future. According to the Australian Securities and Investment Commission (ASIC), more than a third of us put our Christmas gifts on plastic, racking up an average individual debt of $1,6661.
We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Kimberley, and she has won a Bunnings Gift Card. Congratulations Kimberley!