The wisdom of being Frugal

We have come to think that being Frugal is the domain of little old ladies who have led a hard life and have simply gotten used to making a dollar go a very long way. However in today’s challenging economic environment, being Frugal is the answer to financial uncertainty and instability. It is not uncommon …

To fix or not to fix – that is the question !

Home buyers are very confused, and who could blame them? While the RBA seems to stick with a strategy to keep interest rates low in order to  help the Australian economy find its feet, the banks have commenced rate increases of their own. These increases are no longer aimed at discouraging excessive speculation in the Australian …

Best mortgage reduction strategies

In the current economic environment just about the best financial strategy for anyone would be to try and pay down their mortgage as soon as possible. Once rates start going up this will be far harder to achieve than today. However not everyone is in a good financial position. It may be that you are …

Getting your financial house in order

While smart financial management is something most of us aspire to, in our experience few people actually get there. First of all, analyzing ones financial situation and charting out a wise financial course is not terribly exciting as well as time consuming. Therefore as with other non-essential decisions to our day-to-day existence, they are often …

Budget to a better financial future

Some people simply “switch off” when they hear any talk of budgeting. However these same people will think nothing of applying for a new credit card when their current cards have reached their limits. Certainly there is nothing sexy about the idea of budgeting. For many that idea is associated with needing to go without in order …

The Home Deposit Dilema

Saving for a home deposit has never been simple. According to recent reports, it can easily take the best part of a decade, for those not wanting to borrow anymore than 80% and thereby avoid the mortgage insurance. However much depends on your personal financial priorities and your age as well as stage of life when you start …

What goes down must come up…

You have heard the old expression of “what goes up must come down”, well the same is true in reverse. Mortgage holders all around Australia are popping champagne corks. Many borrowers have never seen it so good. It is in fact possible to borrow for the purchase of a property at under 4.5% and fix …