Let’s not beat around the bush. The COVID-19 pandemic has had a devastating impact on the economy and it’s negatively affected the financial positions of hundreds of thousands of Australians.
While hunkering down with a calculator, bills, loan schedules and spreadsheets isn’t everyone’s idea of a good time, creating a budget is always a good investment. In fair economic weather, it can help you reach savings goals or pay down debt faster, but if you’re facing tough financial times, it can be even more valuable.
A flurry of rate cuts in the month of April have left Bank of Queensland (BOQ) as the only remaining bank being tracked in the Mozo database to offer an ongoing savings account rate starting with a ‘2’.
From impulse purchases online to continuing to pay for a service you no longer use, opportunities to throw your hard earned dollars away are everywhere.
Old money-conscious dogs can indeed learn new tricks, but instilling strong savings habits in kids could make financial planning easier in the long-run. So if you’ve got a brood of your own, start teaching them how to earn their keep and grow their treasure trove before they enter the workforce.
On the 20 September 2019, 80,000 Aussies in Sydney gathered in The Domain for one purpose: climate change.
Fashion Revolution Week might be drawing to a close, but here at Mozo we think there are plenty of ways we can both embrace sustainable clothing all year round and spend less on our wardrobes.
The fallout from coronavirus has placed many Aussies under financial strain, with new Mozo research revealing 3 in 4 households are ill-prepared to handle unexpected expenses.
As businesses are forced to shut up shop alongside a stream of predictions about rising unemployment, you may feel less frazzled about your finances if you have an emergency savings fund.
You might be doing your darndest to be an ethical consumer: buying green and local, reusing and recycling, and supporting bigger retailers that share your worldview. But if you’re not properly investigating your savings accounts, the source of your energy supply, or what your superannuation is invested in, then you could be counteracting all those positive actions with some big missteps.