News Archive for August 2022

Working out the best way to send money overseas isn’t always easy.

Whenever we invest in a property, price and personal wishlists usually rank top of our considerations. But savvy buyers know there’s another rat in this race: capital growth.

When it comes to tackling climate change and other modern crises, a lot of the burden has been on individuals to change their behaviour. But while remembering to turn off your lights is great, it just doesn’t offset an electrical grid reliant on coal.

Not only is Disney+ (A.K.A the happiest streaming platform in the world) home to all the classic Disney movies we grew up watching, but it’s a one-stop shop for all your fave Marvel flicks, plus loads more. It’s even the exclusive platform for The Kardashians!

Seriously, is there anything that Amazon doesn’t do? To add to Amazon's never-ending list of services is Amazon Prime Video , Amazon’s very own video streaming platform that comes free with any Amazon Prime subscription.

Looking for something new (or old) to watch in your downtime? Well, you’ve come to the right place!

Well, you’re in luck because we’ve just announced the winners of the 2023 Mozo Experts Choice Travel Money Awards. Each year, our team of Mozo Expert judges analyse prepaid travel cards to find which are the cream of the crop.

Syfe launched in Australia this month, bringing to our shores the mission to “transform the way that everyday people manage and invest their money,” according to Samantha Horton, Syfe’s chief business officer.

Australian property has had a bumpy year, with falling prices, rising interest rates, and slowing sales leading to an overall cooler market than we started with in 2022. Many buyers have sensed a promising window of opportunity, but is now really a good time to buy in?

The game of thrones is back, baby! And Westeros looks better than ever. We’re talking dragons. We’re talking political machinations, mediaeval tourneys, and the horrors of the patriarchy. We’re talking George R.R. Martin’s rich and complex lore brought lovingly to life for the first time in years. Did we mention dragons?

When it comes to wealth, some start the race ten metres ahead – others get tripped at the starting line. And unfortunately, the latter tend to be women.

It seems like business trips are back on the cards, with the Australian corporate travel industry tracking back at roughly 80% of pre-pandemic levels, according to the Flight Centre Travel Group.

Aussies are more satisfied by mutual banks than major banks, according to a new report from Roy Morgan.

Getting ready for your annual spring clean? It turns out you can cash-in on your clearout. We’ve rounded up some clever tips and tricks to get a bit of a bonus while you refresh your space.

Enticed by the idea of an electric vehicle (EV)? To show support for Australia’s climate change efforts, Bank Australia has stated its intent to phase out car loans for new petrol and diesel vehicles by 2025.

A recent report from Power Retail shows that customers are more likely to make a purchase - and more likely to buy big - at online stores offering Buy Now Pay Later payment options.

It’s been a rough couple of years for airlines with covid’s disruption, sky-high fuel prices, travellers with tighter budgets and a slow return to business, which is why Qantas is now offering discounts.

Airline and airport staff are going on strike across several major airports in Europe this month.

Refinancing to a lower rate, making extra repayments and opening an offset account are three of the best ways to reduce your home loan faster, and with interest rates on the rise it’s little wonder so many Aussie mortgage holders are looking to switch and save right now.

Buy Now Pay Later has caught some heat lately, especially because it isn't labelled as a credit product. This means it currently escapes credit regulation, though the government is seeking to change this as soon as 2023.

While customer loyalty is often rewarded, recent trends in home loan rates suggest existing mortgage holders are being passed the buck, while lenders entice new customers with lower rates.

Cosmetic surgery is a major decision that can totally change your life, but it comes with another life altering choice: how do you pay?

Saving money doesn’t have to be hard. By changing some daily habits you might find yourself with extra dollars in your pocket.

This week the Reserve Bank of Australia said it will trial its own Central Bank Digital Currency (CBDC) as a part of a one-year collaborative research project with the Digital Finance Cooperative Research Centre (DFCRC) to evaluate the potential value to Aussie consumers and companies.

Working from home has brought us a new range of money matters to consider. What work expenses can we claim as tax deductions? Is it cheaper to commute or stay home? And now, a new riddle: will home and contents insurance still cover us?

Last Updated: 10:00am 9 August

If you've noticed your car, home or pet insurance seems more expensive than it used to be, you're not alone. Floods, supply chain shortages and other woes are driving up the cost of our insurance policy premiums in much the same way as we're all paying more at the petrol pump and supermarket checkout.

Variable interest rates have surged thanks to months of aggressive decisions from the Reserve Bank of Australia (RBA). But in a surprising twist, CommBank, Suncorp, and Macquarie have all announced cuts to their fixed interest offers this week, some by up to 1.60%.

Good news for American Express members - it’s August, which is AMEX Membership Month for 2022!

Most young Australians are worried about the rising cost of living, new research from Advertising Week APAC (AWAPAC) shows.

Macquarie Bank broke headlines this week for becoming one of the first Australian banks to pounce on the 0.50% p.a. August RBA rate hike – beating out any of the Big Four.

Just this week, marketing company Yard has revealed the worst celebrity offenders for CO2 emissions caused by private jet travel.

Ever bought something you didn’t really need because Buy Now Pay Later made it oh-so-easy?

You’d be forgiven for thinking the whole world was making the switch to electric vehicles with the recent announcement of plans in the EU (and our very own ACT) to phase out the sale of petrol and diesel cars by 2035. With Ferrari posting record quarterly profits, it seems like that’s not always the case.

The annual World Economic Forum Global Gender Gap Report is out for 2022 and the results might come as a surprise to some Aussies, with us ranking a meagre 43rd.

It’s August, folks! Which means it’s time for yet another jam-packed Financial Checklist to help get you through the month ahead!

(Information correct at time of writing).

Mortgage holders will be bracing for their monthly repayments to push even higher, following the Reserve Bank of Australia’s decision to jack up interest rates by 50 basis points this month.

The Reserve Bank of Australia (RBA) increased the official cash rate for the third time last month and economists predict there’ll be another 0.50% increase in August.