Aussie Finance Blog

Australian personal finance news, tips and advices.

  • Personal Finance
  • Frugal Living
  • Insurance
  • Life Hacks
  • Career
  • Contact

What Is NPP, the New Payment Platform?

03/11/2017 by AFB

The NPP (New Payment Platform) is an innovative platform to give Australian consumers and institutions a new way to make everyday payments. Also known as the New Payments Platform, the NPP will allow Australians to make low-value payments 24 hours a day in less than 30 seconds. The system will operate seven days a week, 365 days a year, with no holiday breaks.

Since Australian business—just like the global economy—never sleeps, a round-the-clock payment system that can get payments into the right hands in less than a minute is a real boon for the country. The NPP is the real-time payments infrastructure that Australians need to kick their economy up to the next level. ... (read more)

7 Steps to Creating a Well-Diversified Portfolio

20/09/2017 by AFB

How can you make more money when investing? And how do you protect your investments from market downturns and unexpected future events? The answer is diversification. If you’re looking to build your investment portfolio, diversifying is important.

A diversified portfolio can help protect your income and wealth during various stages of the economic cycle and provide good long-term returns.

Here are seven tips for diversifying your portfolio. ... (read more)

What is an Open-End Loan

18/08/2017 by AFB

Open-end loans provide funds for projects, vacations, hobbies and more. They deliver access to an ongoing line of credit that can be redrawn and re-purposed anytime, if loan conditions are being met. Credit card owners may not be aware, but they also rely on a line of credit and an open-end loan. In other words, if a loan is flexible and doesn’t have an exact date for repayment, it is an open-end loan. ... (read more)

What Is a Line of Credit

04/08/2017 by AFB

Fluctuating fortunes mean there will always be times when assistance is required to plug financial gaps, pay bills and keep the business afloat. There are options for quick finance, such as credit cards, but interest repayments can make them cost-prohibitive in many situations. An alternative loan option is a line of credit, with lower interest rates and other budget-friendly features.

A bank line of credit provides customers the opportunity to borrow additional funds or utilise equity. Banks extend lines of credit (LOC) for a multitude of purposes, from home renovations to business expansion and more. The most well-known of this loan type is the home equity line of credit (HELOC), usually used for renovating or remodelling established residences. A line of credit is also accessible to the self-employed, those with inconsistent earnings, and people wanting to get their business off the ground. ... (read more)

How to Live on Less Money in Australia

21/07/2017 by AFB

As the cost of living rises, more Australians are teetering close to the financial abyss. Our consumer driven society has generated tremendous financial rewards for a minority of the population at the expense of everyone else, and the gap between rich and poor is wider than ever. We can’t all be rich, but nobody enjoys being poor, and while opting out of capitalist society is a dream worth considering, it isn’t possible for people with ongoing expenses, obligations, or a family to feed. ... (read more)

6 Hacks To Cut Down Your Business Expenses in the New Financial Year

26/06/2017 by AFB

With the end of financial year fast approaching, and a new one right around the corner, it’s time to think about ways to cut down your business expenses. Some hacks are more obvious than others, so here is a list of the ones you might not know about.

Capitalising on commercial property depreciation deductions

Across the board, tax experts agree that businesses often pay more tax than they actually need to. They also agree that a great way to cut your tax bill is by capitalising on depreciation deductions on the commercial property you own or rent – something many businesses miss out on. ... (read more)

Why is Savings Considered a Financial Investment

21/06/2017 by AFB

There are features unique to both financial saving and investing, and understanding their different attributes is important. Saving preserves and protects money, while also accruing compound interest, whereas investing allows money to grow within share market fluctuations. Both saving and investing are used as short and long-term strategies for financial gain.

Continue Reading

How to Budget and Save Money on a Low Income

07/06/2017 by AFB

Surviving on a low income isn’t easy in times when the cost of everything is rising faster than the average wage. Financial obligations can be frustrating and fraught with uncertainty even with proper money management, while saving money can seem almost impossible during lean times. People who want to budget and save money on a low income do have options, but creative thinking is required and diligence is essential. ... (read more)

What’s the difference between a check card, a debit card and a credit card?

12/05/2017 by AFB

Bank cards are used for most financial transactions these days and people are familiar with the technology. However, there are differences between check cards, debit cards and credit cards that need to be understood. Bank cards can be used for financial freedom and financial restraint, ultimately assisting with money management – but only when used wisely.

Each type of card has its pros and cons, although they are all versatile and almost universally accepted. There are occasions where cash payment is still preferred, but almost everyone carries a check card, debit card or credit card. In fact, it’s not uncommon to carry a range of bank cards for specific purposes and payment options. Understanding the difference between check cards, debit cards and credit cards is relatively easy, as check and debit cards perform similar functions. ... (read more)

5 Reasons Not to Buy A Share

10/04/2017 by AFB

“Never invest in a business you cannot understand.” Warren Buffet

“Behind every stock is a company. Find out what it’s doing.” Peter Lynch

There are two key decisions in investment decision-making: the buy decision and the sell decision. By being aware of the common pitfalls of buy decisions, we can potentially save ourselves from a painful sell decision.

Social Proof

Social proof is an extremely powerful force. It’s often noticeable at intersections when a group of pedestrians are waiting to cross. Often, if one breaks rank, others quickly follow. ... (read more)

  • « Previous Page
  • 1
  • …
  • 3
  • 4
  • 5
  • 6
  • 7
  • …
  • 9
  • Next Page »

Follow Us

  • Facebook
  • Google+
  • RSS
  • Twitter

About

This blog was started because I realised that there aren't too many Australian personal finance blogs that write about personal investment tips, insurance, choosing the right credit cards and similar topics. Let me know if you'd like me to write about something new.

Tag Cloud

credit cards credit score health insurance home loan insurance investing mortgage personal loan real estate shares stock market superannuation

6 Hacks To Cut Down Your Business Expenses in the New Financial Year

Why Savings Accounts are Important

Investing in a Trump World

Tips for keeping your money under control during the coronavirus pandemic

How to Compare Mortgages

Disclaimer

All content provided on aussiefinanceblog.com.au is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site.

Copyright © 2021 · Beautiful Pro Theme on Genesis Framework · WordPress · Log in