David’s number one Budgeting Tip | Personal Budgeting

Budgeting Tip

I often get ask what my number one budgeting tip is. My answer is not the oft-quoted budgeting tip of paying yourself first. Nor is it saving ten per cent of your earnings. My top budgeting tip is actually consistency. By, for example, consistently spending the same amounts each week on living expenses (food, drink, petrol and other day-to-day spending). Left to its own devices, this part of your outgoings can fluctuate wildly – hence the importance of making sure it is under control. Consistent debt repayments are a key ingredient of this budgeting tip. Going hard at that credit card or home loan might feel good […]

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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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7 last minute Mother’s Day gifts under $20 | Shopping on a budget

shopping on a budget

When shopping last minute, it’s easy to splurge and unintentionally overspend… When buying a gift, it can be difficult to find something meaningful if you’re shopping on a budget. But, don’t break the bank by overspending on items that aren’t necessary. If you haven’t included gifts in your budget in the lead up to Mother’s Day – don’t stress. We’ve come up with 7 Mother’s Day gifts under $20 that can assist you when shopping on a budget. Check them out below… 1. Photo Calendar Grab some family photos and get online! Personalised photo calendars are not only useful, but they also allow […]

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