Navigating Retirement with Mortgage Debt

Mar 18, 2024 1:13:00 PM

As retirement age approaches, many Australian homeowners grapple with the daunting prospect of carrying mortgage debt into their golden years. Recent trends indicate a significant number of retirees are entering retirement with mortgage debt, because of rising house prices, delayed entry into the property market, and other factors. Read on to find out more about what’s driving this trend, the impact it can have on homeowners, and potential solutions to alleviate the burden.

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Topics: Retirement, Financial Health, Mortgage Debt

Navigating GFV Agreements: A Guide for New Car Buyers

Mar 15, 2024 12:55:00 PM

New car buyers are often concerned about buying a new car that depreciates the moment it leaves the showroom floor. One possible solution to this dilemma lies in Guaranteed Future Value (GFV) agreements offered by some car dealerships. These agreements promise buyers the final value of their car, provided they stick to the conditions outlined in the agreement. Before diving into this financial commitment, it's crucial for buyers to understand the ins and outs of GFV and whether it's the right choice for them.

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Topics: Financial Health, Car Finance

Master Your Credit: 5 Essential Tips for Cleaning Up Your Credit File

Mar 11, 2024 12:50:42 PM

Many Australians face challenges with managing their finances and repaying debt due to the ongoing high cost of living. Forced into using credit cards or high-interest loans to pay for essential purchases or unexpected medical expenses, they struggle to maintain a clean credit file. As a good credit score is essential when it comes to accessing favourable credit, here are 5 essential tips to help you clean up your credit file.

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Topics: Debt Consolidation, Savings, Financial Health, Budgeting

3 Essential Budgeting Tips for Australian Home Buyers

Jan 22, 2024 2:35:29 PM

Whether you’re buying a first home, upsizing or downsizing, or growing a property portfolio, setting a budget is an essential first step to working out how much you can afford and how much you may be able to borrow. From setting SMART goals to dodging “lazy tax” and sticking to the 50/25/25 rule, these three essential budgeting tips for Australian home buyers will help you make savvy financial decisions and turn home ownership dreams into reality.

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Topics: Financial Health, Budgeting, Financial Advice

3 Things to Consider When Writing a Will

Jan 18, 2024 12:00:55 PM

Writing a will is an essential step in ensuring your assets are distributed according to your wishes after you’re gone. Even if you don’t own significant property, assets or investments, writing a will saves your family and friends time, money and arguments, and helps make a difficult time easier. In this guide you’ll find three important things to consider when writing a will, along with tips and key aspects to look out for to ensure a smooth and legal process.

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Topics: Financial Health, Health and Wellbeing, Financial Advice

Unplug and Unwind: A Digital Detox Guide for a Blissful Festive Season

Dec 10, 2023 9:56:00 AM

The holiday season may be synonymous with joy and celebration, but it goes hand-in-hand with the stress of our digital lives too. This festive season, why not consider the gift of a digital detox? Take a break from checking emails, pause social media posts, and switch off all notifications to truly unplug and unwind. Here are 3 compelling reasons why a digital detox may be good for you, and 3 practical tips to help you switch off this holiday season.

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Topics: Financial Health, Health and Wellbeing, Digital Detox

10 Essential Steps to Freshen up Your Finances This Spring

Sep 16, 2023 11:10:00 AM

The start of Spring is the perfect time to not only declutter your home, but also to give your finances a much-needed spring clean. As you dust off the shelves and clear out the cobwebs in your home, find time to take a closer look at your financial situation too. From reviewing your budget to cleaning up your credit report, reconsidering your savings goals to organising your financial documents, there’s no better time to freshen up your finances than during Spring.

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Topics: Financial Health, Financial Advice, financial review

Artificial Intelligence and Financial Scams: Protecting Your Finances

Sep 4, 2023 10:57:38 AM

From enhanced business productivity to improved healthcare and access to education, artificial intelligence (AI) has the potential to positively impact many aspects of our lives. However, the sudden rise of AI has also given way to new challenges, opening the door to sophisticated forms of financial scams. The first step towards keeping our finances safe is understanding the ways in which AI is being exploited.

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Topics: Financial Health, Financial Advice, Artificial Intelligence

3 Things to Know About Dividing Property in a Divorce in Australia

Aug 15, 2023 1:46:38 PM

Divorce is a challenging life event that requires a range of emotional, logistical, and financial decisions to be made. One of the most complex of these is the division of property. In Australia, property settlements are governed by specific laws and guidelines that aim to ensure a fair distribution of assets between separating couples. Here are 3 important things to know about dividing property in Australia in a divorce.

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Topics: Financial Health, Financial Advice, Property Settlement, Property and divorce

Navigating Stamp Duty Changes

Aug 15, 2023 12:44:52 PM

One of the biggest challenges facing home buyers in Australia is covering the cost of stamp duty, a tax imposed by state governments when buying property. Stamp duty costs vary from state to state, but recent changes to stamp duty in some states could potentially provide some relief and incentives for home buyers. Read on to get an updated outline of the changes to stamp duty as well as links to stamp duty calculators in each state.

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Topics: Financial Health, Financial Advice, Stamp Duty