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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June 16, 2013

The Big Four Banks vs. The Credit Unions

Every Australian knows the names ANZ, NAB, Commonwealth Bank, and Westpac. A vast majority choose to entrust their money to the big four, and many are quite happy with what they get – although far from all.

But a small percentage of the population is taking their money to one of a myriad of Australian credit unions and mutual banks, finding the better rates, more personal customer service, and a deeper commitment to the local community a much bigger draw than the global reach and top branding of the big four.

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May 13, 2013

8 Startups Launched on a Credit Card

City Streets

From violin shops to property empires, plenty of businesses have started on a credit card. Most of them have failed – but some of them are thriving a decade or more later. And some of them are Google, Inc.

The pros of using a credit card to fund a startup are obvious: you don’t give up any of your equity to others. You don’t need anyone’s approval. You don’t have to pay interest on loan money that you’re not using.
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May 8, 2013

Refinancing When Your Equity Falls

Long gone are the heady days when you could sleep soundly in the knowledge your property portfolio would magically jump in value year on year. So what happens when it stalls or even drops? Is that it for your investment journey because the banks won’t go near you? Your Investment Property asked the experts to find out what you can do when your trip hits a roadblock.

As many property owners have been made painfully aware of in recent years, what goes up can also come down, often with a thud. No-one is denying it’s a tough economic climate but it’s in just these conditions that smart investors see opportunity. Many a fortune has been made in tough times, but how can you get your hands on much-needed money when your own portfolio needs resuscitating?
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May 6, 2013

5 Frequent Flyer Miles Hackers Worth a Million Points or More

Frequent flyer miles are big business: the Economist estimated that frequent flyer miles accumulated just up to 2005 amounted to $14 trillion. At an estimated 1-2 cents value per mile, that’s worth $700 billion – more than ‘all the dollar notes and coins at large’. Criminals in Brazil and Germany are reportedly using frequent flyer miles for cyber crimes and transactions, in one instance selling stolen credit cards for stolen air miles. It’s less liquid than the dollar, but it has become a currency.
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May 1, 2013

Credit Card Surcharges: On the Way Out?

The Reserve Bank of Australia has ruled to cut credit card surcharges earlier this year – which could save consumers an estimated $350 million a year in extra fees. The biggest culprits, however, are resisting the change, saying their extra fees only cover the added costs.

The majority of Australian retailers do not tack on a surcharge on credit card payments – but about a third, or around 100,000 companies, levy an additional 2 to 4 percent of the transaction value. An RBA review found that only 23 per cent of small business tack on a charge, compared to 44 per cent of large retailers. Notorious examples exist as well, such as the 10 per cent surcharge levied on taxi fares paid with credit cards, as well as ‘flat’ fees charged by several airlines which often tack on a surcharge on cheap flights amounting to well over 20 percent of the ticket price. That is all likely to change this year.
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March 27, 2013

Is Mobile Banking Safe?

New advances in mobile technology have, for better or worse, changed the way consumers go about their everyday lives. Mobile devices enable consumers to keep regular communication with each other through their respective data networks. They likewise enable users to pay bills, play games, take and store photos, shop for various retail goods, manage their schedules, and even keep an eye on their homes and automobiles through Wi-Fi-enabled security cameras. But for all of the things that consumers are able to do with their smart phones, millions are hesitant to link their personal banking accounts to their mobile devices.
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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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