3 minute Read
3 minute Read
Credit cards can be a really useful tool for managing cash flow. Each purchase you make with a credit card is made with money you have borrowed; essentially, each purchase is a loan that needs to be repaid at a later date. Interest is charged on the credit card balance if the amount is not repaid during the interest-free period, and as such, can become quite expensive if not properly managed.
There are many fantastic benefits of using a credit card but these need to be weighed up against the negatives before deciding if they’re the right choice for you.
Considering the recent interest rate hikes, more than ever, it’s important to consider all options to avoid paying more on your mortgage. Following the RBA’s 50-basis-point hike in the cash rate on 7 June 2022, it is no surprise that many banks increased their rates as well. Australia’s big four already announced that they would […]
Joseph Daoud
5 minute Read
The Reserve Bank of Australia’s highest single-raise cash rate in 22 years leaves everyone thinking, ‘How can I handle this?’ In a statement made by RBA governor, Philip Lowe, the Board decided to increase the interest rate by 50 basis points leading to the cash rate of 0.85%. So, where does this leave you? Here’s […]
Joseph Daoud
6 minute Read
Prime Minister Scott Morrison has just recently declared that the government’s Home Guarantee Scheme will have higher maximum property prices and more available places per year. From July 1, this price upgrade will qualify houses in two out of five (40%) suburbs nationwide for the scheme. This is up from 24.1% according to analysis by […]
Joseph Daoud
3 minute Read