The Bank of Mum and Dad As house prices continue to rise faster than our salaries, it's becoming increasingly difficult for First Home Buyers to "go it alone" and purchase their first home. With the average time to save a 20% deposit blowing out to 14years, young home buyers need all the assistance they can get. Fortunately for some, BOMAD ( Bank of Mum and Dad ) is there to help. According to recent data, 1 in 5 First Home Buyers have sought assistance from their parents in

When you've just bought a new home, the last thing you want is to blow your budget on removalist fees. Moving is a necessary part of the process, but it doesn't have to break the bank. Here are some practical, easy ways to save money when hiring removalists, all while making your move as smooth as possible. · What do Removalists Actually Charge For?:   Let's start with the basics: what are you really paying for when you hire removalists? The cost of hiring removalist in M

Our own children are all adults now, and they are not around the house when we're having conversations about money issues anymore. But, there were definitely many conversations our children overheard in years gone by, especially as younger kids. Our decision to have one parent stay home with the kids and make do on one income meant there were many tough discussions about budgeting and what was a necessity and what we could go without. Although we were aware of having real

We have seen a real emergence of Life Style Lenders in recent times. And unlike past generations who felt a real stigma attached to borrowing from these last resort type lenders, today's generation have no qualms at all. Through retail and the media reinforcing instant gratification, these loans have become normalised and more widely accepted. Hand holding $100 notes So, firstly, what are Lifestyle Loans?? These are usually loans that are very quick and easy to access which

Many years ago now, my then 3year old son was asking me to buy him a treat. I explained to him that I had no money and he promptly asked...

A great way to teach kids about good financial habits is through game play because it is fun and they generally love doing fun stuff WITH YOU! Games help kids learn to think and work out the best way to manage money. They will have to complete tasks to 'earn' money and they will need to plan whether to spend or save. Children are also encouraged to ask questions and hopefully probe further. A couple of great board games for teaching kids about money are Monopoly and The Gam

Are you looking to finance the purchase a new home or investment property or you just want to refinance your existing home loan to get a...

If you have applied for a homeloan in recent times you might have heard the term "LMI". So what does it mean?? LMI stands for Lenders...

You may or may not have heard the term LVR. If you have applied for a loan in recent years, chances are you probably have. LVR stands...

Wow, it’s been quite some time since the RBA last raised its interest rates! I remember home loan rates of 13% and 14% as the 1990’s...

It’s an exciting and sometimes an overwhelming time. Buying your first home! For most it is uncharted territory so it’s easy to get...