How to’s and Tips

August 12, 2014

10 Tips to Make the Most of Your Credit Card

tips for using your credit card

Credit cards are a very useful financial tool by giving you the flexibility to conveniently pay for things without having the cash on you. Of course, a debit card can do that too but a credit card enables you to spread the cost of big-ticket purchases over a longer span of time and even out your cash flow from month to month.
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August 12, 2013

What Does a Financial Plan Include?

Financial Planning

A financial plan is used to analyse your financial situation, as well as your goals, and from that information, address areas that could be improved. It can help in many situations, especially for those looking to take the next step in their life, such as getting married, purchasing a home, having children or retiring.
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August 5, 2013

Deciding Your Financial Goals

Financial Planning

People often turn to a financial planner to help simplify their finances and set achievable financial goals, providing greater confidence to plan for their future. These include such things as budgeting, cash flow management, savings plan, superannuation, tax planning, home loan repayments, debt management and reduction, children’s education, insurance, investments and retirement.
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July 30, 2013

Why Use a Financial Planner?

Financial Planning

Planning for your future is important, especially with regard to your finances. Each stage of your life will require different money management. Whether you’re looking to buy your first home or planning for retirement, a financial planner acts as your ‘finance coach’, helping you reach your goals & ensure that you and your family have financial protection. Importantly, financial planners exist to help change clients lives for the better and they undergo rigorous training and education to ensure they can deliver this.
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February 27, 2013

Credit Card Glossary

Annual Percentage Rate (APR): The rate at which you will be charged interest on your credit card on a yearly basis. You can use the APR to compare the interest rates between different credit cards.

Additional Cardholder: This facility will enable you to add another named person to your credit card account. The credit card service provider will issue them with a credit card which enables them to make purchases and withdraw cash advances from your account; however you are still liable for repayment of all their transactions and service fees.
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February 27, 2013

Here’s What You Can Get Out of Your Credit Card Concierge Service

Credit card concierge services

If you are the owner of a platinum status credit card, then you most likely have access to a concierge service – a 24/7 service that is quite literally at your beck and call round the clock, seven days a week. The things is, you may not be using it at all, which is strange considering the range of things they can do for you. Today we’re going to take a look at what is on offer from a credit card concierge service – hopefully it will make you think twice before taking up your own time on tedious tasks like booking tickets.
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February 18, 2013

Should You Switch Credit Cards?

Should you switch credit cards?

Credit card balance transfer deals can help you pay off your whole balance quickly … but only if you choose the right one. In today’s post, our friends at Your Mortgage discuss currently available deals and shed some light on the traps to avoid.

If you have a higher balance ($6,000 or more) and can only afford low repayments, however, they can easily cost you more and some can have a real sting in their tail. The banks have designed the offers to tempt you in with the low rate but hit you with the really high rate while you’re still owing some money.

For this reason, if you think there’s any chance of you not paying off all your debt within the low-rate period, it’s vital to look beyond that introductory rate that’s always in huge fonts on the ads and consider both how many months the low rate lasts and the annual fee. Work out how much you have to repay each month to get to a zero balance before the higher rate kicks in, and then ask yourself whether you can really achieve this.
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January 18, 2013

Understanding Credit Card Fine Print

Understanding credit card fine print

Like most financial products – home loans, savings accounts, investments – credit cards come with significant responsibility and expectation. There is the expectation that you will use the card and enjoy the credit limit you’ve been issued, tempered with the responsibility to remain in control of that debt. A big part of responsibly managing your financial products is understanding how they work, but too often we scroll straight down to the ‘I Agree’ check box at the bottom of an application form, without so much as speed reading the terms and conditions.
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October 4, 2012

The Pros and Cons of Department Store Credit Cards

We have all been checking out at our favourite department store when the clerk asks, “would you like to apply for our store credit card and pay 30% on your purchase today.” If it is a store we shop at often, we might say yes or we might default to saying no any time we are asked this question. Today we want to take it a step deeper and explore the real pros and cons of using a store credit card.

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March 30, 2012

Reducing Your Credit Limit: Good or Bad Idea?

credit limit

Who are we kidding? When you hear “reduce your credit limit” you completely stop listening. After all, who wants to give away available credit? If you’re a responsible spender then there is no reason to go through the hassle, and if you like to spend a lot then reducing your credit would only stop you, right? The truth is that voluntarily reducing your credit has many benefits, and its fair share of drawbacks too.
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