There's no question that your 20's is a very memorable phase of your life. There's a jittery but gratifying feeling about becoming an adult, leaving home, and being financially independent. Whether or not you started a career, a university degree, or spent time traveling to other countries and gaining life experience, your 20's is a [...]
All of us suffer through times in life where money is tight. Thankfully for us, there are certain expenses that we can readily eliminate, for example cable TV, gym memberships, and dining out at restaurants. Despite this, there are other costs that we simply can't avoid. Debt repayments, rent and school fees are just a [...]
Nowadays, saving money is a goal that everyone wants to accomplish, though often it can be a complicated task for many families. Mortgage repayments, bills, food, and everyday necessities accumulate quickly, leaving most households with little to no savings. Being able to save money and improve your life appears to be a paradox, as we [...]
The New Year is unquestionably an optimal time to reflect on the previous year and make some resolutions to improve ourselves. Lot of people's resolutions focus on becoming healthier, strengthening their career, or improving their financial health. Now we all recognise how challenging it can be to stick to our New Year's resolutions, so it's [...]
Congratulations! You've successfully served your three year period of bankruptcy and have been discharged, so now what? You've undoubtedly taken the most suitable actions to address your financial problems by declaring bankruptcy, and all your debts are well behind you now. Keep in mind though, there's still plenty of work required to get your finances [...]
Christmas can be a wonderful time of year. Spending quality time with your extended family, going on holidays, offering presents to loved ones, and of course the noble Christmas lunch! It's indeed a time for giving, and with this comes costs. It's very easy to go overboard with family holidays, presents, and enticing foods; to [...]
If you have obtained a bankruptcy notice or court order you must respond promptly to prevent future pain. Owing somebody money known here as a creditor, may be any individual or organisation to whom you owe money. If you're unfit to pay money to a creditor, the creditor will talk to the Australian Financial [...]
Today in the news, former economics advisor John Adams advised that Australia is too late to stop an 'economic apocalypse' in spite of his recurrent warnings to the political elites in Canberra. He continued to request the Reserve Bank to raise interest rates to avoid household debt getting further out of hand. This bubble [...]
There is terrible news for business owners who have an ATO debt from 1 July 2017. Small businesses will want to be careful of ATO Bankruptcy since the ATO may publish details of your tax debts to credit reporting agencies like Veda Advantage and Dun & Bradstreet. This will make it much more difficult [...]
A credit report is a specific document that details your history with creditors and has a substantial effect on your future financial capabilities. Having a 'good' credit report is basic so long as you pay your bills and debt repayments on time. Having said that, missing a repayment on a bill or debt repayment [...]
