News archive for July 2018

July 2018

HILDA Survey highlights impact of low financial literacy on young Australians

HILDA Survey highlights impact of low financial literacy on young Australians

It may not come as a huge surprise, but newly released survey data has revealed that Australians with low levels of financial literacy are less likely to make regular contributions to a savings account, less likely to be able to draw on an emergency fund and less likely to pay off their credit card balance.

UBank bucks mortgage trend with 3.59% variable rate offer

UBank bucks mortgage trend with 3.59% variable rate offer

Hikes, hikes, hikes. Many Aussie homeowners will have heard little else since the start of winter, but online lender UBank has well and truly broken ranks with many other lenders following today’s announcement of a cut to its UHomeLoan offer.

AMP joins latest round of home loan rate rises

AMP joins latest round of home loan rate rises

AMP has today hiked home loan interest rates for both owner-occupiers and investors, joining a rising trend of lenders lifting borrowing rates in response to funding pressures.

Travelling abroad? Save with these unusual travel money hacks

Travelling abroad? Save with these unusual travel money hacks

It’s easy to get caught up in the excitement of travelling, but when setting aside money for your next trip it’s important to know how to spend your hard-earned cash without waste. Whether you’re still in the research phase or on the way to the airport, Mozo has collected these travel money hacks to help you save you from extra costs on your big trip.

High energy prices are here to stay: Grattan Institute

High energy prices are here to stay: Grattan Institute

Just when Australians thought they might be in for a bit of relief on their energy bills following the announcement of less severe July 1 price changes, a new report into the Australian energy market has warned that the current high prices are the ‘new normal’.

July RBA decision: Official cash rate untouched at 1.50%

July RBA decision: Official cash rate untouched at 1.50%

As Benjamin Franklin once wrote, "...in this world nothing can be said to be certain, except death and taxes,” but the old idiom could well be in need of updating, with the RBA board yet again showing their consistency by maintaining interest rates at a record low 1.50%.

New financial year sparks home loan discounting frenzy

New financial year sparks home loan discounting frenzy

The new financial year is here, and it's a great time to resolve to save money on your home loan as it's brought with it a frenzy of  discounted home loan specials offering rate discounts, fee waivers, cash back and other rewards.

Why home loan rates are going up

Why home loan rates are going up

The Reserve Bank is expected to keep the cash rate on hold again today, but mortgage lenders are bumping up rates for Aussie borrowers anyway and the big banks are expected to follow.

July 2018 Financial Checklist

July 2018 Financial Checklist

There’s no easy way to say this, but if you thought you were in for an easy July, you’ve got another thing coming. From energy bills, to your home and savings, we’re in for a busy month. And I’d tell you that by the end of this list, you’ll want to put your feet up and have a glass of wine...but you can’t do that either. Happy July, everyone!

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