Choosing the right credit card seems more complicated than ever thanks to a competitive financial marketplace and diverse product developments. Fortunately, Australian banks provide credit card options tailored to suit individual requirements. Banks generally differentiate their premium credit card options according to colours such as platinum, gold, or black, while lesser cards are not as imposing or opulent in appearance. Most banks in Australia and around the world advertise their black card as the premium product.
A Guide on Investing in the ASX
Many Australians and foreigners invest in the Australian Securities Exchange (ASX). Shares, bonds, exchange-traded funds (ETFs), and managed funds are only a few of the asset classes that investors can buy and hold or trade in the shorter term. If you have decided to invest your capital in exchange-traded assets, check out the following sections to find out more about investing in the ASX.
What is the ASX?
The Australian Stock Exchange is one of the largest in the world. The stock exchange contains stocks divided into 13 categories, ranging from banking and insurance to resources, information technology, and transport companies.
Undateable debt: Why it pays to know your partner’s credit score
By Kate Browne
Nothing unravels a blossoming relationship quite like a bad credit history. Seriously!
Ok I know what you’re thinking “yeah right sure finance lady, it’s not about how you look or how you come across personality-wise or even if you are a dog or cat person it’s all about your credit report…give me a break.” And well that might be true, bear with me…. If you are going on a date it just might be worth checking your credit report – as well as the mirror – before heading out the door.
How Does Home Loan Interest Work
Understanding how interest affects your home loan is an important step in the loan process. Even if the interest rate remains relatively low it will still add up to a large portion of your total repayments over the duration of a 25-30 year home loan term.
Understanding interest
Many people misunderstand how interest is calculated. For example, when investigating a $100,000 loan at 10% interest, a novice borrower might think the total amount of interest to be paid will be $10,000.
Money Transfer Services in Australia: Finding the Cheapest Rates for International Payments
International money transfers are an increasingly important aspect of the global economy. With the pandemic forcing people to work from home, along with the rise in remote working and freelancing, even small businesses are reliant on international money transfers.
Once borders open up again, it’s easy to see how the growth of digital nomading, remote work, and globalisation in general is meaning that the overseas remittance market is ever-expanding.
What’s all this talk about super stapling?
Back in the 1980s, when Australia’s compulsory superannuation system was born, it was quite common for people to work for one company across their entire careers. Fast-forward three decades, and that notion is pretty mind-boggling, since today the average Australian worker could have up to a dozen or more job changes – and this is particularly so amongst Millennials. One effect of all those job changes is the potential to accumulate multiple superannuation accounts, especially when an employee simply ticks the box for their new company’s default super fund. And to be fair, how many of us in our 20s really took much notice of super?
3 Ways to Get the Best Personal Loan
Personal loans are in great demand by the Aussie public – just look at the figures.
This year, August saw $391 million worth of loans for personal investment (which doesn’t include property!) get approved – the highest that figure has been since way back in the middle of 2015.
If you’re one of the thousands of Aussies looking at taking on a personal loan this year, here’s 3 ways you can get the best deal for the buck.
How to Improve Your Student Finances with a Personal Budget
Uni life taking its toll? If you seem chronically short of cash and struggling to pay for rent or groceries each week, you need a budget. A student’s finances won’t be princely sums to begin with, especially since we can’t work full-time amid our studies; but we can make our student finances stretch a bit further with some clever budgeting and some other financial tips.
Debt isn’t always bad: student loans for investing in yourself
What Is a Bank Overdraft Used For
The safety net of a bank overdraft provides peace of mind. Fluctuating fortunes can be balanced by using a bank overdraft for flexible access to money when it’s needed. When managed properly, an overdraft can provide leeway during times when money is short, with the account again replenished during more lucrative times. With an overdraft, funds are readily available, unlike other loan arrangements that lock borrowers in with rigid terms and conditions. Overdrafts have utility for both short and long term financial advantage when used wisely.
Advantages of a bank overdraft
A bank overdraft allows the withdrawal of funds in excess of the account balance. There are fees and interest involved, so understanding the advantages and disadvantages of a bank overdraft is essential to use it effectively. A history of responsible money management and a reliable income stream (or inconsistent but adequate earnings) are needed to access an overdraft facility. When used wisely, an overdraft can assist a person of average means to remain on top of finances, always having money on hand when required. There are quite a few bank overdraft facility advantages worth considering.
Debit Vs Credit? Which do Australians Prefer
Credit and debit cards have been in existence for decades and provide a familiar and convenient way to pay. The question is though, with the dash from cash, accelerated by Covid-19, what are the preferences of today’s Australian consumers when choosing between these two options? And what are the differences between debit and credit card protection?
To begin, we will explore the credit and debit card landscape in Australia.
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