ING savers hit with another rate cut
Today, popular digital bank, ING slashed interest rates by 0.25% across most of its savings accounts products following the RBA decision last week.
One in two Australians to turn tax refund into savings, ME research shows
Australians may love spending money, but as it turns out, we’re also a nation of big savers. A new ME Bank survey reveals 48% of Aussies intend to stash their tax refund away for the long term, whether as an investment or inside a savings account.
AMP report finds 1 in 5 Aussies have less than $250 in savings
New research from AMP paints a pretty dire picture of Aussies’ personal finances. According to the study, 1 in 5 Australians have less than $250 in savings. And even more distressing, two thirds of that group have no savings at all.
Which banks have cut rates on savings accounts?
Since the RBA cut official interest rates last Tuesday, mortgage rates have been dropping like flies. So far, 34 providers have made reductions to their range of variable rate home loans, with 21 passing on the full 0.25% cut.
Admin overload costs Australian small businesses over $20 billion a year
Of all the challenges that small business owners face, admin overload has to rank among the most frustrating. And when things like responding to emails, handling payroll and navigating red tape start hitting a business’ bank account, it goes from frustrating to a serious problem.
When big banks aren’t your best bet: Young savers punished with low rates
If you’re a parent, chances are financial literacy is pretty high on the list of things you want to teach your children. Learning how to save your money and spot a good deal are both pretty important milestones on the road to financial independence.
Finance savvy kids have better saving habits in the future says ME’s new study
Raising money-smart kids is a goal for many Aussie families, but the classic method of weekly pocket money may not be the answer to prepare them for the financial challenges of adulthood.
3 money conversations to have before your kids go to back to school
It’s never too early to start teaching your kids about the importance of earning, saving and spending money. After all, according to ASIC’s MoneySmart website, the significance of developing positive financial skills from an early age will set them up for the financial challenges of adulthood and establish good money habits for life.
The essential 2-step savings plan for your 2019 wedding
Is 2019 the year you get hitched? Well we won’t need to remind you about how much there is to prepare, and with the average wedding costing around $36,000 according to ASIC MoneySmart, the sooner you get a plan in place the more you’ll be able to save - in money and stress.
5 effortless B.Y.O lunches to save you money in 2019
Is buying lunch every day breaking your bank account? Even if you’re spending just $10 a day on lunch, that could add up to well over $2000 a year. By bringing your lunch to work you could be saving yourself some serious coin, and the New Year is the perfect time to set your finances straight.