There is an old saying in the music business: “You can make a killing, you just can’t make a living.” Flirting with the rock star trap is a dangerous game.
Do we think property and shares will do better than 4% over time? Of course we do. But we made the choice to become debt free on our home because we sleep better at night, writes Paul Clitheroe.
With a mortgage, an investment loan, and a job change on the horizon, can Dom and his family afford to borrow money for a $300,000 renovation?
Fertility issues affect one in six Australian couples. With a single IVF cycle costing up to $10,000, more are turning to personal loans or credit cards to cover the cost.
We buy cars we can’t afford, eat in overpriced places, purchase clothes that put us into debt. Above all, we never, ever talk about our actual finances with anyone. Why?
Debt collectors can receive substantial fines for trespassing or for harassing you, so just when – and how often – can they contact you?
By the time most people are in financial difficulty, it’s too late. Open banking will help lenders identify borrowers at risk and offer better terms.
The view that HECS debt doesn’t really matter because it isn’t expensive like credit cards or car loans is dying out as the banks tighten lending to first-home buyers.