If you knew your money is being wasted would you not like to do something about it? And if this something can only be done by improving on your financial and money matter knowledge, would you not do it?

Financial mistakes Many times, it happens that a person ends up creating a bad name for himself in the financial world, due to lack of proper knowledge and mismanagement of funds. As a result, he has to face the music without even realizing what his mistake was. In such cases, it is wise to opt […]

Risk discourages investment In the world of finance, the word ‘risk’ is used quite extensively and it is quite veracious that it scares a lot of people into staying away from this sector altogether. Risks are present in all fields now-a-days; however, where money is considered, there are a few rare people who like to […]

Many businesses have dozens of financial reports that can be overwhelming for the owners to decipher. Financial expert Anthony Keane suggested that business owners can simplify their financial reports by focusing on the three most important reports: the cash flow, aged debtors, and profit and loss statements. Cash Flow Statement The cash flow statement answers […]

The Reserve Bank has cut the cash rate to a historic low of 2.5%. This has led to some speculation about whether it is a good time to lock in a fixed-rate mortgage. According to commentator Penny Pryor, doing so means one is betting against the banks and anyone considering a fixed loan should understand […]

A recent survey has revealed that retirees are less optimistic than before. The survey, conducted by ME Back, indicated that most households were feeling slightly more optimistic about their finances. The only exception was the retiree group. The survey showed a drop of 5% in the ‘financial comfort’ category for retirees over the past six […]

Creating a budget is often easy to do, the difficult part is following it. Fortunately, there are ways to create a realistic and workable budget and follow it successfully. Add Fun It can be easy to forget the ‘fun’ component in a budget, but a realistic budget includes an entertainment and leisure component.

When people consolidate a debt they usually take a loan to pay many other debts they have. This will allow the person to consolidate the money you owe into a single payment What are the Pros of a Debt Consolidation? The debt consolidation will be helpful when you run up all your credit cards when […]

Credit cards can be a convenient way to make purchases but they can be costly if they are not used with care. Fees and Interest Credit cards often attract a foreign transaction or currency conversion fee when used overseas. Interest rates are another factor to be careful with. If the entire amount is not paid […]

Living in debt can lead to high interest payments and possibly even insolvency. Symptoms of excessive debt include making only the minimum payments and maxing out credit cards. Minimum Payments Those with excessive debt are often those who make only the minimum payments on their credit cards. Paying only the minimum amount can mean that […]