News

Australian Parents Being Forced To Dip Into Children’s Savings Due To Rising Cost Of Living

Post by Sharat on December 14, 2018 · Under News · Comment 

A recent survey polling more than 1,000 parents has found that more than half of Australian parents polled have established a savings account to build a nest egg for their children. This indicates that parents are planning for their children’s financial future’s and understand how important it is to build a war chest to finance expenses such as education or perhaps help their children along with their home deposit. Continue reading

Australians Need To Ask For Inflation Adjusted Pay Increases

Post by Sharat on November 21, 2018 · Under News · Comments Off on Australians Need To Ask For Inflation Adjusted Pay Increases 

If we pay attention to inflation data, then the average Australian should be asking for at least a $1,000 pay increase this year. The latest Consumer Price Index suggests a 2.1 per cent rise in the cost of living in Australia over the last year. Household budgets are tight as a result of electricity rate hikes and rising household debt and mortgage rates and despite companies engaging in cost cutting, every Australian should put in a request for pay increases. Continue reading

Australians Need To Educate Themselves On The New Credit Reporting System

Post by Sharat on November 14, 2018 · Under News · Comments Off on Australians Need To Educate Themselves On The New Credit Reporting System 

If you are someone who never thinks about their credit score you certainly aren’t alone in that sort of behaviour. According to research from Experian, 65 per cent of Australians have never looked at their credit report even a single time, with customers of the big four lenders being the worst in this regard. There have been changes adopted to the credit reporting system, so now more than ever it is critical that Australians understand how important having a good credit score is. Continue reading

A Shocking Number Of Australians Lack Basic Financial Literacy

Post by Sharat on September 14, 2018 · Under News · Comments Off on A Shocking Number Of Australians Lack Basic Financial Literacy 

It is hardly surprising that the results of a new survey suggest that Australians who lack financial literacy tend to have low levels of savings, probably do not have much of an emergency fund and continue to carry credit card balances instead of paying down debt. The survey conducted by the University of Melbourne polled a group consisting of 15,000 people from both genders and every age group. Men tended to be more literate as were middle aged respondents in comparison to females, younger age groups and the elderly. Continue reading

Aussies Seem To Love Their Cars

Post by Sharat on August 21, 2018 · Under News · Comments Off on Aussies Seem To Love Their Cars 

For most people, purchasing a new car is a milestone and means they are taking on more responsibility. According to the latest data from the Australian Bureau of Statistics, many Australians experienced that milestone in the last calendar year. In 2017, vehicle sales increased by 4.5% in December, making it the largest monthly increase in almost six years. According to analysts, the reason for the rise was down to better quality vehicles and increased affordability, both of which produced the jump in sales. Continue reading