What is shrinkflation?
Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
The Reserve Bank of Australia has held interest rates steady for two months in a row. Inflation has slowed meaningfully enough for the central bank to wait and see for now, which is great news for those struggling under the weight of rate hikes.
Official interest rates, also known as the cash rate, have been the source of countless news stories in recent years, with each movement generating plenty of chatter about the state of the economy, monetary policy, and the general direction it’s all heading.
There are a lot of things you need to research and consider before making any kind of financial decision. One of those is your interest rate.
When you take out a loan, whether it’s a car loan, home loan or amount on a credit card, you’ll have to pay back both the amount you borrowed and interest on top of it. But what do we mean by that?
The flip side of variable interest rates, fixed interest rates are one of the two main types of interest you’ll come across when choosing a loan or bank account.
Mozo has compiled this handy guide to give you the rundown on the facts, features, pros and cons of variable interest rates.
When shopping for a home loan, you’ve probably noticed something called a comparison rate sitting beside the interest rate. But what is the difference between the two? Why is the comparison rate important?
Rainy day funds are essential, and earning interest is a fantastic and easy way to give them a boost. But how do the banks calculate your interest payments?
Good question. An interest rate is a fee you're charged for borrowing money, expressed as a percentage of the total amount of the loan.
As the Easter long weekend draws near, we’re back with an early edition of Mozo Money Moves, your weekly personal finance wrap that looks at changes to rates, fees and conditions across key personal finance products.
Read MoreWelcome back to Mozo Money Moves, your weekly personal finance wrap that looks at changes to rates, fees and conditions in the Australian banking industry.
Read MoreWelcome back to your weekly personal finance wrap Mozo Money Moves, which looks at the key changes to rates, fees, offers and conditions in personal finance.
Read MoreAfter a short hiatus, Mozo Money Moves is back to wrap up the latest in personal finance, looking at the key changes made to rates, fees, offers and conditions.
Read More