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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Teaching children good financial habits

financial habits

The best way that parents can pass on good financial habits to their children is to be in good financial habits themselves. Children pick things up from their parents by osmosis. If a child grows up in a family where finances are a drama because money keeps running out, the chances are that they will continue that financial roller coaster ride into adulthood. If they experience a childhood in which energy does not get wasted on day-to-day financial transactions because everything just flows, this ease and flow is likely to be reflected in their own finances later on. It’s a […]

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Why people hire Financial Coaches | Financial Coaching

Financial Coaching

You’d hire a personal trainer if you wanted to lose weight… You’d hire a cleaner if you wanted someone professional to have your house sparkly-clean (or simply, because you didn’t have the time to do so yourself!) If you wanted your teeth cleaned, you’d go to a dental hygienist.. If you were struggling with your furry friend’s bad behaviour, you’d find a dog trainer… And if your backyard needed a face lift, you’d get a landscaper in sort it out. Why? Because these people are professionals in their field. Hopefully, (if you picked the right one!) accredited by the governing […]

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Expecting some extra cash? Don’t let it go to waste! | Budgeting Advice

budgeting advice

One big mistake people often make when budgeting for their personal expenses is spending up big when a increase in payment comes along. Expecting a pay rise? Perhaps you have a bonus coming up, a large tax return on the horizon or you’re about to increase your income with a second job… A valuable piece of budgeting advice that everyone (no matter their income) should consider, is when you’re expecting extra income, not to spend it before it arrives – instead, consider putting some away. It sounds obvious. But it’s a trap that often sees people spend money before they […]

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Sort My Money founder David Rankin chats with Channel Nine’s Today Extra

budgeting service

Sonia and David from Channel Nine’s Today Extra caught up with Sort My Money founder, David Rankin, to ask him for personal budgeting tips that stick. David and his team are assisting everyday Australian’s in achieving financial stability, working towards their financial goals and changing their money habits. Sort My Money charges the lowest fees – including no establishment fee or lock-in period – of any personal budgeting company in Australia. View the video below. Interview Transcript: DAVID (PRESENTER): We’re going to uncover the easy habits that you can put into action right now, today, to make your life better […]

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Don’t discount the discount stores! | Budgeting Tip

budgeting tip

Another budgeting tip from Sort My Money Do you take advantage of discount stores, markets and cut-price supermarkets? One great budgeting tip we swear by is shopping at discount stores! If there’s one near you, you’ll be amazed at just how much you can save! Take advantage of the savings at your local ALDI, NQR or Discount Grocery Outlet. These stores can often save you large amounts of money and quite regularly have generic products at a significantly discounted pric e that easily match their brand name equivalent. But be sure not to merely buy items just because they’re on sale… Ensure they’re […]

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