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smart ways to use your tax return

Smart Ways To Use Your Tax Return

With the Government passing the Low to Middle Income Tax Offset, over 11 million Australian taxpayers are expected to receive a refund of up to $1,080. With the average refund at $2,574; there is no better time to have a good plan for your money. Remember that your tax refund is just that; money that you have earned. Think carefully before you spend your entire tax refund. Assess your financial situation and determine the best possible use for your refund. Here are some smart ways to use your tax return and improve your financial situation. Save your money If you […]

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20 Ways To Cut Down Monthly Expenses

Do you have bad credit? Are you struggling to cut down your monthly expenses? Saving money is similar to losing weight. If you want to lose a lot of weight fast, you may need to take extreme physical and dietary measures. Unfortunately, this is not healthy and it is not a long term way of keeping the weight off. Saving money is exactly the same. If you allocate an extreme amount of money towards your savings, you will definitely save money and pay off any debt. Unfortunately, this approach is not sustainable and you will struggle to develop good long […]

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8 Ways You Can Cut Down on Unnecessary Spending

As the new year approaches, how many of us wouldn’t like to save more and stop throwing money out the window? Unfortunately, we seem to continue to do the opposite and that can be quite frustrating. If you want to find out the best ways of utilising your money and saving big even on small budgets, then give our article a read. Seemingly, the key to save up is to cut back little by little in each area of spending. Sure, it may take some work in the beginning. But you’ll see that, as some time passes, your financial stress […]

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Financial Dilemma: Which Debt Should You Pay Off First?

If you want to learn how to pay your debts easily, we will tell you that there is no easy way around it. No matter what you do, you eventually have to pay the money. However, there are still ways for you to make the process less stressful – and that is by figuring out a payment priority. Discovering the Order So how to pay your debts in an appropriate order so that you can save money? There are many theories. One option is for you to pay the debts with the highest interest rates first, and then pay the […]

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Effective Methods of Using a Bad Credit Loan

Bad credit loans are – thank God – possible. However, they pose more safety concerns than the loans you take when your credit score is in perfect shape. First of all, they have higher interest rates, and they are often secured by your house. If you’ve taken a bad credit loan, you know how risky it is to have it secured on your assets, especially on your home. Definitely not something you’d want to happen to you. Many people take bad credit loans and end up being even more in debt. How is it possible? Simple: they make poor financial […]

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How to Stop Living from Paycheck to Paycheck

If you barely break even at the end of the month, you have some serious money management problems, especially if you have a huge salary. You need to learn how to budget your money, and you need to do it quickly. Saving money is an easy task; changing your mindset, however, is a little more difficult. You ought to do it if you hate feeling financially helpless two weeks before your next paycheck. Here are a few tips on how to budget your money efficiently. How to Budget Your Finances – 4 Methods 1. Stop spending so much It’s only […]

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Changing Your Home Loan and Finding a Better Deal

Making the decision to switch home loans could save you a lot of money in the long run and provide additional features. Before taking the step, sum up all the costs that this change comes with. Although some credit providers might give you a better interest rate, the total costs of changing lenders won’t be worth it. Instead of looking around not knowing what to search for, follow these steps that will ensure you get the best deal possible. Get an Idea of The Market and Use a Key Facts Sheet Always start by using a comparison website and search […]

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Staying on Budget with Prepaid Credit Cards

When you think of budgets and credit cards, you probably cringe. No one wants to go further into debt while maintaining a budget. The good news is that you don’t have to go into debt. Stick to your budget with a prepaid card   Whether you’re going on vacation or doing your weekly household shopping, you can load (add cash) to a prepaid credit card. This is a perfect way to know you are fully funded with a certain amount of money. Unlike traditional credit cards, you can’t go over your limit and there is no interest charge because you […]

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Budgeting Mistakes and How to Avoid Them

Budgeting shouldn’t be too hard, right? In fact, most Australians do this regularly, and it is a technique that can have some impressive results. Still, many people are disappointed after creating a budget and give up on this idea. Generally speaking, there are a few mistakes that can lead to failure, and once you can no longer respect your budget, you may consider it useless or feel frustrated that you spend too much regularly. Budgeting Mistakes Building a budget that is too strict If you ever made this mistake, you surely remember the excitement of creating a budget, and then, […]

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Dispel Fears of Living Pay Check to Pay Check

Living pay check to pay check means that you can barely manage to cover all your financial obligations with your current earnings. There are numerous Australians who are struggling with this. The bad news is that such a status is usually equivalent with economic vulnerability, and it also triggers a lot of fears. But the key to success is learning to get free of them. Otherwise, you will be stuck with them for a long time, and you will not be able to progress. Living Pay Check to Pay Check You don’t need to give up on all the things […]

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