Should You Have A Joint Bank Account?

Based on a survey, 76% of couples said they have a joint bank account, and the rest keep their finances separate. Husbands and wives usually merge their money for shared responsibility of paying bills or savings goals. Along with it is combining the paychecks or other funds into a single bank account. Let’s weigh the … Continued

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10 Steps To Create The Perfect Budget

Budgeting methods, such as envelope system and zero-based budget, can be incorporated in creating your perfect budget. Here’s how and then some. Setting up a budget is a prerequisite to a great financial plan. When done right, you’ll have the power to control your own money! “Control over your own money,” imagine that? As J.K. … Continued

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Balance Transfers: How To Use Them Effectively

A balance transfer is moving an existing debt, such as credit card balances or car loans, from an account to another, and it is usually offered with lower interest rate. If your debt has gotten out of control or you’re committed to reform your spending habits, a balance transfer can be good for you.  The … Continued

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How To Use a Zero-Based Budget

With a budget, everything else flows. A spending plan is a quick way to achieve your financial goal, get out of debt, or take control of your money. MoMa recommends a zero-based budget and here’s how you can use it. Strictly following a monthly budget is one of the better ways to utilise your income. … Continued

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The Best Budgeting Apps to Help Aussies Save Money

What differentiates a good budgeting app to a bad budgeting app? Here are a few of the best budgeting apps to help Aussies save money. Flexible Budget Categories  Having your transactions categorised helps define income and expenses and essentially are the foundation of your potential budgets. The app that you decide to use should allow … Continued

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Interest Only (IO) or Principal & Interest (P&I)? The Pros & Cons

How do Interest Only (IO) and Principal & Interest (P&I) work? Is it better to adopt IO or P&I repayments on your loan? Learn here the pros and cons and which strategy is better to adopt. When rates are low, paying Principal & Interest (P&I) makes sense as it allows for faster loan repayments. However, … Continued

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Reasons Why You Should Lower Your Credit Card Limit

Having a lower credit limit is good for people who struggle with using their credit cards. Here are the reasons why you should lower your credit card limit. When it comes to credit cards, your credit limit is one of the most important things to consider. A credit limit is the amount of debt you … Continued

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10 Budgeting Myths You Need To Know

There are lots of myths, and some misconceptions, out there that concern living on a budget. Let’s take a look and debunk some of these outrageous budgeting myths. Myth 1. Why start now when I’ve never made a budget? Budgeting is one of those skills that everyone should possess and put in place. You risk … Continued

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How To Pay Off Your Credit Cards Sooner

Credit card debt and clearing your balance can be bothersome for most people. Having a plan or method to repay your debt, and reduce interest charges will allow you to manage your expenses more effectively. Here’s how to pay off your credit cards sooner, reduce your worries, and save money.  On-time payment To ensure you … Continued

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7 Savvy Ways To Reduce Debt

Are you looking for ways to help you get on top of your financial obligations? Here are MoMa’s seven tips and tricks on how to reduce debt that actually work. Unfortunately, among many Australians, debt has become the norm. It’s extremely hard to save for something of importance when you’re paying large sums of money … Continued

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Top Tips to Redecorate Your Home Without Breaking Your Budget

Some redecorating projects can freshen up your home without costing a fortune. Here are some simple tips on how to redecorate your home when you’re on a budget. When it comes to reviving your home, there is no denying that there’s an array of options that are available. However, all these options do generally come … Continued

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Are Finance Apps The New Gym Membership?

Are finance apps the new gym membership? As more people are looking after their financial wellbeing, we are downloading finance apps more than ever. But are these apps really helping us complete our financial goals? To put quite simply, Australian’s over the last decade have been looking for financial answers to make sense of their … Continued

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