Now, I think I’m pretty good with money. I’m not in debt and I always have cash left over each month to put into my savings. I’d like to rate myself a solid above-average when it comes to money management. But as a twenty-something, living in Sydney and trying to save up for a home deposit, I wondered if there was anything I could do to turbo charge my savings. Here’s where my 30 day money challenge came in. Yes, I could have done this for a whole year, but I’m Gen Y and afraid of commitment, so 30 days it is! My money challenge was very simple: spend less, save more. What could go wrong? The first thing I did was look at where I was keeping my money. My transaction account, where my paycheck is deposited, doesn’t have a monthly account keeping fee or ATM withdrawal fees, so…
Our recent Credit Savvy survey has revealed that Aussies are split down the middle when it comes to spending at this time of year. Just over half of us (54%) don’t set a budget for the holiday season and one in three spends more than they can afford during this time. The credit hangover appears to linger into the New Year, with nearly a quarter (22%) of us taking three or more months to recover from overspending. In fact, one in five Aussies are nervous about the impact of holiday spending on their credit score. On the other hand, 52% save during the year specifically for the holiday season, and just 7% of us take out a new credit card to pay for spending during this period. When it comes to paying for our purchases, it might surprise you to learn that cash is king, with most Aussies paying for…
Did you know that making too many credit card enquiries can reduce your credit score by nearly 200 points? That’s what the Credit Savvy team has discovered in our latest study!
The holiday season is upon us! Make sure your finances are in order with Credit Savvy’s financial checklist.
With the holiday season fast approaching, now is the perfect time to make use of all those credit card perks you’ve long forgotten about.
Do you know the difference between a credit card and a charge card? We’ll give you a crash course on credit card jargon right here.
Credit can be confusing! Get a crash course on the basics right here.
Heard about Payday Loans but not sure what they are? Check out this blog post to find out what you should know.
Looking for a credit card but not sure where to start? Our handy guide takes you through the common types of credit card users and what kind of card they should keep a look out for.
Trying to decide between a personal loan and a credit card? We’ve compiled some pros and cons to help you with your decision.