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Cutting through the Jargon: Home Loans

Home loans – for many of us they’re the gateway to realising the great Australian dream. A necessary evil of sorts because who has a million dollars stashed away under their mattress to buy a house? So many of us have a mortgage. It could be just a basic, standard loan or you could have loaded up on all the bells and whistles. So, do you know your home loan jargon? We’ll give you the lowdown right here. Interest rate The interest rate is used to calculate how much interest you need to pay on your loan. It’s one of the costs of borrowing money. Your rate can be fixed or variable and you can even split your mortgage into parts so that one part is paying a fixed rate and the other a variable rate. Research commissioned by UBank has revealed that only 16 per cent of Australians know…

Travel cards to consider for your next overseas holiday

With Easter holidays around the corner, some of us may be pencilling in the dates for our next vacation. If you’ve ever been stung by credit card fees from your last overseas trip, or heard tales of painful money exchange processes (don’t get me started on traveller’s cheques on my South American adventure), you’re in luck. The Credit Savvy team have created a list of handy travel cards worth looking into before your next getaway: Credit Cards for Travel Bankwest Zero Platinum MasterCard: A travel credit card with $0 annual fee, no foreign transaction fees on online and overseas purchases, and a range of complimentary insurance covers (terms and conditions apply). 28 Degrees Platinum MasterCard: An oldie but a goodie. No annual fee, no currency conversion fees, no international transaction fees on purchases and a 24/7 complimentary worldwide concierge service. To compare more credit cards, head to our credit card…

11 Brilliant Audiobooks That Can Boost Your Financial IQ

Whether you’re looking for ways to fix your budget, start a business or to change your financial mindset, the best finance books can help you do just that. But sometimes there isn’t enough time to sit down and read or you may lose a copy of your book. Fortunately, audiobooks provide a convenient way to read books when you still need your eyes and hands, perfect if you are traveling or cooking. The biggest benefit? Potentially learning new ways of managing your finances and creating a better future for yourself. Below are some audiobooks that we hope will help you achieve a more secure financial future. 1. “Think And Grow Rich” by Napoleon Hill Top of the list is Napoleon Hill’s Think and Grow Rich, which is considered a “must-read” classic finance and self improvement book. Although originally published in 1937, its principles and education remain as relevant today as…

8 Ways to Find the Cheapest Flights in Australia

Are you planning your next holiday or have some annual leave that you’re itching to take? If you’re in search of cheaper flights, we may have just what you’re looking for! Whether the purpose of your next trip is for business or pleasure, whether you’re thinking of a family getaway to the Gold Coast, enjoying the nightlife in Sydney or travelling to the Barossa, some websites may be able to help you find cheaper flights easily. Here at Credit Savvy, we’ve found a few sites that we hope will help you find some cheaper flights next time you’re travelling in Australia. Ready to find cheap flights in Australia? Let’s check it out below. Google Flights Don’t be fooled by the simple design of Google Flights, as it’s a powerful tool for searching both domestic and international flights. With Google Flights you can search for one-way, return, and even multi-trip tickets as well as specify which…

How to Beat the Xmas Debt

It sometimes seems that the festive season is tailor-made to get us overextending ourselves and setting us up to start the New Year on the back foot. Whilst you can’t undo what has happened, you can take steps to get back on top of things. Survey the situation We all know that the festive season is full of out of the ordinary expenses but take some time to look through your statements and identify where the money went. Of course a fair amount of it might have been on gifts but were there other expenses such as extra nights out, travel to see the relos, the extra groceries bills for all that festive food! In any case, take time to understand what your regular expenses were and what the extra Xmas debt is that you need to tackle. Re-budget To get back on an even keel you may need to…

I did a 30 day money challenge and survived

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…