Posted in Reducing Debt

Sick of multiple logs ins? Is keeping track of your personal finance too time consuming? Find out about the finance apps and online money tools that actually work. Mark Attard spoke with My Prosperity CIO Steve Jackel about exactly how to use technology to help track (and grow) your wealth this financial year. Download the transcript below.     P.S. Read our review of Australia's 3 best finance apps and online tools. ...

Plus, why having a tailored debt reduction plan matters. If you're like most people trying to get ahead, you have probably heard of the terms 'good debt' and 'bad debt'. So, what do they each mean? And, can any sort of debt REALLY be a good thing? Put simply, while there are many definitions of what constitutes good vs bad debt, broadly speaking here's the deal: GOOD DEBT
Good debt is debt that's used to increase your net worth by buying assets...

A checklist for the unprepared. We spoke to financial planner Stuart Skidmore from Saracens about preparing for retirement. Check out his seven key questions and considerations for everybody who has retirement on their mind.    By Stuart Skidmore Understand that time is your enemy. 10 years equals 120 months. If you are paid monthly and have 10 years before retirement, you will be paid 120 more times so what are you going to do now to achieve what you would like t...

Make it a game! We've all had a genius idea at one point and wondered if and how we can make money from it.  Turns out we maybe onto something, we just need to sell it - simple!  Liz Davidson from Financial Finesse gives us 8 ways we can build wealth like millionaires. Put aside some of the american terms and focus on some the simple ideas put forward in the article. Remember often the best business ideas are the simple ones. We love the idea of throwing parties and s...

Top considerations for lending (and spending) in Australia. It's no secret that Australians love to spend money. In fact, we owe about $100 billion in credit card and personal loan debt, according to the Australian Prudential and Regulation Authority. So, you are definitely not alone in wanting to know whether you're better off with a personal loan or a credit card. Firstly, there's no doubt credit cards are convenient and allow for immediate spending, but with an a...