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Term Deposit — Is It A Good Investment?

Term Deposit — Is It A Good Investment?

A term deposit, a.k.a. time deposit, is ‘setting and forgetting’ an amount at your bank while earning a higher rate of interest than a savings account. Now, what if you decide to break a term deposit? Do you have to notice your bank? What happens when the deposit matures? Early withdrawal of your Term Deposit … Continued

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How To Ask For A Raise

You worked hard, increased the bottom line, got praise from the boss, but your salary stays the same. Wait, what?! Although it can be nerve-racking, you should be prepared to ask your boss for a pay raise to improve your income. It gets frustrating when everyone around you seems to have leveled up, but you’re … Continued

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Gig Economy: What Is It And It’s Benefits

Things have changed drastically across most industries where the ‘gig economy’ has emerged. In a gig economy, more and more independent contractors are doing temporary and short assignments or simply ‘gigs’, such as food delivery or car journeys, rather than being employed permanently. Most people from the workforce are moving on from traditional work arrangements … Continued

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Money-Saving Tips For The Home

There is no better time to save money than now! There are tons of ways to get some cash back into your pocket, and you can even start at home. Here are some great money-saving tips you must try! Shopping list Create a shopping list before you go to the store to avoid stress. You … Continued

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When is it Time to Hire a Financial Advisor?

When is it Time to Hire a Financial Advisor?

Managing your finances is quite a challenge. If you’ve been thinking about your financial future, you’ve probably wondered where to begin and how to keep it up.  It can be made easier with the help of a certified financial advisor. A good financial plan makes the most difference. Low-cost consultations are offered to help clients … Continued

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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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