Personal Finance

5 Reasons why you should have Loan Protection Insurance

After a certain amount of time has passed by and you have entered your adult years, you might start a business, family, buy a house or make other investments. Like most Australian adults, you might do all this with the help loans and mortgages. In fact, the majority of a household’s debt is for housing. But in the midst of the excitement of growing up, we often forget that these loans are payable over a long time period. This means that you will be paying them off over the next 20-30 years, making monthly payments. This is why insurers provide loan protection insurance plans such as Freedom Loan Protection Insurance. This type of insurance pays a lump sum amount to pay off your loans and debt in case of death, terminal illness or permanent disability. It offers borrowers the peace of mind that your family and loved ones will be…

3 Ways to Enrich Your Life With Affordable Luxury

As the economy picks up, luxury goods are coming back in style. While most people assume that luxury means expensive, fortunately, today’s market includes an increasing range of products designed to meet demand for affordable opulence. Here are three ways to add some luxury to your life without breaking the bank. Look for Affordable Items That Add a Touch of Class One strategy you can use to add splendor to your life is to keep an eye out for items that look lavish but aren’t actually expensive. For instance, buying a chandelier is an easy way to add an ambience of elegance to your living or dining room, but it can be done as cheaply as $100 or less. Luxury kitchen items such as single-serve coffee brewers, food processors, immersion blenders and pasta makers add spice to your meals, and can be had for as little as $20. Faux fur car seat…

Biting The Bullet: Could Bullet Journaling Help You Clear Debts?

We’re going to go ahead and assume you already know what a bullet journal is. They’re big business at the moment. Even those of us who’ve never kept one have a pretty good understanding of them. They’re fantastic tools for organizing your life and making plans look pretty at the same time. And, bullet journaling could be the answer to your ongoing debt problems. Clearing debt is, after all, about managing different areas of your life. Sounds like bullet journals to us! And, if you’re already successfully implementing the bullet journal method into your life, you’re halfway there. Read on to find out how that can help with your debts. Organization = getting on top of debts When you’re trying to clear debts which keep building, organization is the best hope you have. After all, once your debts start snowballing, it’s likely you’re collecting them from more than one place.…

3 Suggestions For Those Who Need To Start Taking Their Finances Seriously

Many people struggle with their finances in the current economic climate. Of course, whilst the post-recession landscape has been tough, there’s a lot that can be done to improve your finances on an individual level. You could benefit from simply learning how to moderate your spending habits and start saving money regularly. Here are 3 suggestions for those who need to start taking their finances seriously. Prioritize the expenses which are necessary. If you’re going to start taking your finances seriously this year then you need to learn how to prioritize the expenses in your life that are necessary. The best way to do this is to create a monthly budget that can help you to track your expenditures. You need to know how you spend your money on a monthly basis so as to ensure that you live within your means. Most importantly, you need to make sure that…

Unplanned Overdraft Fees: 12 Ways to Avoid Them

Overdraft fees are common charges that many of us experience without ever realising it. If you place a transaction when your account reaches zero, your bank will either decline the transaction or charge a fee to make the transaction successful. These charges are called overdraft fees and they can easily add up to huge credits that you’ll have to pay back. Here’s how to avoid them: 1.      Keep your transaction register up to date It very easy for you to lose track of your transactions and your bank balances, especially with all the automated billings like insurance, internet service, apps and so on. Recording your transactions in register can help you monitor of your balances and the transactions you can afford. 2.      Set up online banking alerts One brilliant way to avoid unnecessary unplanned bank overdraft is setting up online banking alerts. These days, it’s as simple as having an…

Latest Wedding Trends That Stay On Budget

As 2017 comes to an end and wedding plans for 2018 are emerging, we are finding more couples are watching every detail and staying within budget. This is not an easy thing to do. It takes planning and it takes paying attention to every detail. Small and unexpected expenses can add up quickly. The brides of 2018 are taking quality over quantity. They are being selective about where they get married. If they are planning a destination wedding, they keep the guest’s list as low as possible. They have a larger reception when they return to celebrate with all the friends and family that could not attend. Couples are taking advantage of off-season resort bookings to save money. Some wedding parties are asking for parties of 12-20 people and going via chartered jet. Splitting the expenses and being careful about where you go makes this a luxury trip for everyone.…

Buying your first car? Read this post

Buying your first car? Congratulations! This is a great way to gain more independence, and a big first step on the road to adulthood. But there are a few things you need to know before you buy your first car. Ready? Let’s get started: Set a budget One of the hardest parts of buying your first car? Reconciling your dream car with the reality of how much it costs. Cars are expensive, and they’re not an asset- they depreciate the minute you drive them off the lot. There are also many fees to consider at the time of purchase, along with recurring costs like gas, parking, general maintenance, and car insurance. The first step is to set a realistic budget. It’s no fun having a car if you can’t afford to actually go anywhere in that car. Once you know your budget, you can begin looking for cars that are…

Business News and Gaffes from 2017, and what we can learn from them

2017 saw a wave of brand failures, counter-intuitive marketing moves, and image-marring ads make the headlines. Some big brands, attempting to up their game and boost sales, did the direct opposite and hurt their image. The year showed just how reactive and sensitive customers (and the public) can be to offensive-looking branding and advertising ideas. The flurry of bloopers highlighted the need for marketing ideas to go through thorough consultation and have a contingency plan before making it out to the public as more businesses get to grips with the range of platforms on offer. Here are some of the gaffes made by big brands in 2017 that dominated the headlines and social media, and the lessons to learn from them. Uber barked up the wrong tree 2017 was a particularly low year for the taxi company both in the US and UK. In January, Uber made a move that…

How To Make Better Money

Making better money should have been one of your priorities a long time ago. George Bernard Shaw once said: “If at age 20 you are not a Communist then you have no heart. If at age 30 you are not a Capitalist then you have no brains”. When you look back at your life, you can see that somewhere along the way you forgot to give money the centrality it should have had in your existence. It is never too late, however, and if you are now interested in making sure your life is not only enjoyable but also wealthy, then this is as good time as any to start making some changes. The road from rags to riches won’t be an easy one, but if enough effort is put in, you will get there sooner than you think. Here’s a guide on how to make better money. Education It…

4 Times In Your Life When You Might Need A Loan

There are a few reasons why you might want to take out a loan. The loan itself could come in many different forms and depending on what the money’s for you a different loan will suit your needs. Here are a few reasons why you might need to take out a loan and the type of loan you could use. Car If you need to buy a new car, then one of the options available to you is to take out a loan to pay for it. If you can’t pay for the car outright, then you will need to pay for it in some other way. This might mean taking out finance with the car store, manufacturer or through a third party. This will involve making regular monthly payments until you have paid off the cost of the car plus a little interest. This is a popular choice because…

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