What is debt recycling? It sounds a bit like throwing out your old debt and taking on new debt, right? Exactly!
Exploring the most common types of household debt.
Debt recycling is a strategy that aims to help you pay off your non-deductable debt (e.g., your existing home loan) as quickly as possible, while also building up your wealth in a tax-effective way over the longer term. But how does this strategy work, and can it help you get ahead?
Interest rates have been slashed once again in hopes of boosting the economy.
Considering that financial security is the number one life goal for Australians, there's no doubt that we would all like to be debt free no matter what stage of life we are in.
How are Australian's coping with debt stress, and what will happen when JobKeeper payments end?
There are many events in life which may result in you taking out a loan and as a result acquiring debt. From weddings, cars, your home, education, the list goes on. Although we may perceive debt to be bad, in some cases borrowing money could enable you to grow future wealth. It all comes down to successfully managing your debt, avoiding unnecessary bad debt and having a plan to reach financial freedom and security.
If you have multiple small debts, you might have wondered if debt consolidation is a good idea. There are benefits of debt consolidation like easier debt management and sometimes it may ease the financial pressure of having multiple debts. But before you go ahead, you should first consider the pros and cons, other available options and the long term impacts it could have on your financial position.
An action plan for facing financial hardship – what should I do first?
Welcome to part two of the good and bad of HECS debt where we interview one of our Financial Advisers to discuss what to be aware of when managing student debt.
With two in five Aussie adults having taken out a personal loan, they are a popular way of paying for major purchases. Paying them off can be a challenge however, and it may be worthwhile speaking with a Financial Adviser to consolidate your debt and work out the best strategy to get back in the black faster.
How does your credit card debt stack up? We know there have been many examples of credit card debt disasters in the past, however have we learnt our lessons? Here we explore the current trends for, and comparisons between, credit cards in Australia.
Everyday we are becoming closer to being a cashless society, from payWave debit cards to Apple Pay Rings and Watches and now fintech Buy Now Pay Later (BNPL) services changing the way we spend and manage our money. What exactly is BNPL and is it a negative or positive payment system?
HECS debt can make a huge positive difference to someone’s life if it gives them the start to the career of their dreams. But it is a debt and will form part of your financial life for years to come.
Find out what info is likely to be on your credit card report, how it could affect your ability to borrow money, how you can get a copy of your report and flag potential errors if you happen to find any, and some other things you’ll want to be across.
Cost avoidance is real. We are built to want to make meaning of the past. How does that impact our decisions with money?
10 ways to save money on your mortgage debt
How well are you managing your debt?
Debt is one of the leading causes of stress in Australia, but don't let money worries get you down. Follow this guide to take a more proactive approach.
Nearly half of the population are asking themselves 'how can I retire without debt in Australia?' according to recent research. Do you have a financial plan?
Properly managed debt can be a powerful way for Australians to generate wealth. Let's take a look at four key ways to turn the tables on debt.
The types of debt we have largely depends on our age and stage in life.
What does it all mean?
