Mandatory Comprehensive Credit Reporting and what it means for you…

Mandatory Comprehensive Credit Reporting and what it means for you… The Australian Government has proposed a change that mandates Comprehensive Credit Reporting (CCR) from 1st July 2018. Also known as positive credit reporting, the proposed CCR legislation mandates the reporting of positive, as well as negative, credit history – from Australia’s largest financial institutions. So what does this change mean for you? Today your credit history includes credit enquiries (such as applications for consumer credit and credit contracts) and negative information (such as significantly overdue accounts, defaults, serious credit infringements and public record information). Essentially, previously your credit reports only […]

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A Solution to your Resolution

It’s that time of year. You made your new year’s resolutions a matter of weeks ago, and now you’ve reached that make-or-break stage. Have they passed their expiry date, or are they still fresh? If the latter, you’re in with a chance. If they’ve gone stale on you, this might be the point at which you part company with them, for another year at least. Unless, of course, you’re prepared to look at – and address – the reasons why your resolutions have faded so quickly. In my experience, when it comes to setting a budget for the new year, the […]

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It’s All In The Timing

Christmas and New Year is a period of relaxation and reflection for many people. Time away from work is a chance to take stock of the journey thus far and to take control of the road ahead. This sometimes involves making the decision to go it alone by starting a business in the coming year. As a Small Business Specialist and Bank Manager, I saw many businesses come and stay, and others come and go. There are a number of ingredients that go into a making a winning new business but, in my experience, the most important of these is […]

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Santa’s Christmas Stock

We’re all familiar with Santa’s Christmas stocking. As discerning consumers, though, it would do no harm to make ourselves aware of the temptations of his Christmas stock too! The items I am referring to are of the bulkier variety – the ones that are too big to fit into such a humble garment of clothing; those unofficial ‘presents to self’, as opposed to the gifts we buy for other people. If we were to delay the purchase of Christmas presents for friends and family until the January sales on the basis of increased value for money we would, quite rightly, […]

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The D Word

Words have the power to inspire. They also have the power to inspire fear. Like anything in life, it all depends on which way you choose to look at it. One word that tends to get a bad press is ‘discipline’. If you look no further than the process of discipline, enthusiasm will be in short supply. If, though, you focus on the wonderful outcomes that discipline gives rise to, it’s difficult not to be inspired. The Oxford English Dictionary defines discipline as ‘controlled behaviour’. Bringing discipline to bear on your money by controlling your day-to-day financial behaviour in the framework of a personal […]

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It Ain’t Over Till It’s Over

Yogi Berra, who died recently, was as much famous for his ‘Yogi-isms’ as he was for his distinguished professional baseball career. Indeed, it could be argued, it was these Yogi-isms that globalised his fame. By leaving his indelible mark on the English language, his influence went far beyond any one sport or country and extended throughout the English-speaking world. His legacy of wit and wisdom includes, “When you come to a fork in the road, take it”, “You can observe a lot by just watching”, and the celebrated, “It ain’t over till it’s over.” This last truism (‘a claim that […]

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