5 Ways to Benefit from Record Low Interest Rates

Interest rates have never been lower, and it’s possible they might fall even further. This creates opportunities for householders and businesses, so how can you best take advantage of low interest rates? 1. Pay off your debt more quickly By maintaining constant repayments as interest rates fall, you’ll reduce the time it takes to pay off your loan. That’s because interest will make up less of each repayment, with more going to reduce the outstanding capital. And the great thing is that to take advantage of this strategy you don’t need to do anything. Lenders usually maintain repayments after each drop in interest rates unless you instruct them otherwise. 2. Refinance your home loan Lenders v

4 Financial Resolutions to Kick Start the New Year

The dawn of a new year sees many people setting new year’s resolutions such as losing some weight or giving up smoking. Similarly, the beginning of a new year is the ideal time for setting financial goals, and here are four practical ways you can kick your year off to a great start. 1. Decide what you want to achieve. January is perfect for taking stock of where you’re at financially, particularly as those post-December bills start rolling in. So perhaps you’d like to start by paying off debt or commence a savings plan for a new car or family holiday. The main thing is to be decisive. 2. Setting a realistic household budget will provide understanding of your finances and identify areas of un

5 Saving Graces of Giftmas

Gift giving is one of life’s joys, until the credit card bill comes through. Here are five ways to maximise the love without blowing your budget. As Walt Whitman eloquently put it, ‘the gift is to the giver’. If it is indeed better to give than to receive, then Australians are a happy lot. According to a recent Financial Planning Association of Australia report¹, 85% of us find more joy in giving gifts to others than in getting them ourselves. We’re also a generous bunch, spending an average of $93 on a significant Christmas gift. Those with young families splash out even more, averaging $117. The top three categories are cash or gift cards (31%), food and alcohol (14%) and tech and gadgets

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