The Banking Royal Commission has revealed a series of scandals from the Big 4 Banks. Craig Meller, AMP’s Chief Executive Officer, has resigned from his position with immediate effect. Known for making money through credit card interest and fees, banks are now under the microscope.
Topics: News, Education, Debt News, Personal Debt
One of the greatest financial challenges women still face today is that they are earning and retiring with less superannuation than men. According to the 2017 Hilda survey, the average superannuation balance for women at retirement was $230,907, with men retiring with twice this amount.
Topics: Education, Superannuation, Personal Debt
Close to 1 million Australians are experiencing mortgage stress with 921,000 households feeling the pressure in December 2017. Findings revealed 29% of Australian Households are struggling to make their mortgage repayments as their net incomes are not enough to cover ongoing costs.
Topics: Home Loans, Personal Debt
Buy now pay later allows you to defer your payments for up to a year. This lets you purchase and use the product now, but pay for it later giving you time to manage your budget.
Topics: Budgeting, Personal Debt
Are you considering an interest free deal? Spending money that you don’t have is a risky game, especially if you don’t know how the process works. We see a lot of interest free deals tempting buyers to make purchases now rather than later.
Topics: Budgeting, Personal Debt, Interest Rates