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This calculator will help to estimate the monthly repayments for a secured or unsecured business loan.
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The following amortization graphs detail month-by-month data on the progress of the proposed loan. The first chart below examines the reducing loan balance over the course of the finance contract term. The second graph illustrates the portion of each monthly repayment allocated to payment of interest vs principal reduction.
| Managing Credit Card Debt If your credit card debt is starting to get out of control - or you simply want to know how to avoid potential credit card pitfalls, you are not alone. Managing credit cards is a problem faced by many who are now drowning in an ocean of debt. Here are some simple strategies that may be of help. - read more
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| 7 things you need to know about a Hire Purchase loan There are seven things you should know before you ever think of getting a Hire Purchase loan. Knowing these things will give you control and power in the loan process. Power and control will will save you money - read more
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| Love and Money: 5 Costly Mistakes You Should Avoid During Financial Stress Love can make you do silly things, and when financial pressures bite, it can be tempting to make some desperate decisions. Recent research from Finder has revealed some of the most common romantic mistakes people make during a cost-of-living crisis. Here are five of the worst, along with some tips to help you avoid them. - read more
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| Master the Art of Savvy Shopping: How Australian Consumers Prioritize Quality and Value in Today's Market As prices continue to soar and interest rates climb, Australian consumers are showing their savvy shopping skills. According to a recent survey conducted by Criteo, titled ‘The Rise of Savvy Shoppers Study’, consumers are prioritizing essential purchases such as fuel, groceries, energy bills, and rent/mortgage payments in the last six months. - read more
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| Good Debt Versus Bad Debt Some people see debt as a curse. Others see it as a friend. Debt can make you miserable, or it can be used to make you wealthy beyond your wildest dreams. The trouble is, how do we know what is good and what is bad?
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| 5 Smart Money Tips for Australians to Thrive Financially in 2023 As we are entering the new year, it's important for Australians to start thinking about their finances and how they can make the most of their money. Here are five smart money tips for Australians in 2023: - read more
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| Default and Reposession Most people would assume that a default under a loan contract means that payments haven't been made but, as you are about to learn, there are other reasons why a lender may have the right to repossession. - read more
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| The Four Golden Rules Of Personal Finance As long as you're alive, you are a player on the field of the 'money game'... and you'll need to know the basic rules before you get tagged by the more experienced players! - read more
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| Unlocking the Secret to Solving Public Transport: Why Your Workplace Location Matters The relationship between our workplace location and the availability of transportation options has a significant impact on our commuting choices. Inner-city and CBD workers enjoy an extensive range of options for public transport, walking and cycling, due to the proximity of their residences to their place of work. - read more
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| Choosing the Right Bank Financial institutions are located all around the world. If you are looking to open a bank account, whether that bank account is a transactional account or a savings account, you have a number of banking options. - read more
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| New Challenges for Aussie Home Buyers 29 Nov 2023: .financialservicesonline.com.au The latest ANZ CoreLogic Housing Affordability Report for November has revealed a 'triple whammy' effect on prospective home buyers in Australia. Affordability has worsened for not only buyers but also mortgage holders and renters, and unfortunately, the situation is predicted to deteriorate further by 2024. - read more |
| Baby Boomers' Spending Habits: A Challenge for RBA 28 Nov 2023: .financialservicesonline.com.au Last week's release of spending data by Commbank IQ has shed light on a concerning trend that is most likely causing headaches within the Reserve Bank of Australia (RBA). - read more |
| Rise in Small Businesses Complaints to AFCA Indicates Growing Concerns 24 Nov 2023: .financialservicesonline.com.au In the 2022-23 financial year, small businesses lodged a total of 3,807 complaints with the Australian Financial Complaints Authority (AFCA), indicating a significant increase of 9% compared to the previous year. As a result of these complaints, small businesses received $23.4 million in compensation and refunds, marking a 16% increase from the previous financial year. - read more |
| Why Embracing AI Can Enhance Your Financial Advice Business 23 Nov 2023: .financialservicesonline.com.au Sue Viskovic, the founder of consulting firm Elixir Consulting, highlights the importance of incorporating AI into financial advice businesses in an upcoming episode of the IFA podcast. While there may be apprehension regarding the role of digital tools in providing advice, Viskovic emphasizes the continued need for human interaction and trust. - read more |
| New Insights on Inflation and the Australian Economy 22 Nov 2023: .financialservicesonline.com.au Reserve Bank governor Michele Bullock has issued a warning, stating that inflation will continue to be a 'crucial challenge' for the Australian economy in the next one or two years. While many attribute the current inflationary pressures to supply-side constraints, Bullock emphasizes the underlying demand component that central banks are trying to address. - read more |
| Gen Zs Financial Concerns Outweigh Other Generations 18 Nov 2023: .financialservicesonline.com.au Financial matters are causing significant worry among Gen Z individuals, with a staggering 68% feeling the pressure according to the recent research findings by ASIC's Moneysmart program, surpassing the concerns of any other age group. This release coincides with the introduction of a fresh consumer awareness campaign by Moneysmart, aimed at empowering Gen Z individuals to quickly acquire fundamental financial knowledge and develop positive fiscal habits. - read more |
| The Importance of Teaching Financial Literacy to Youth 17 Nov 2023: .financialservicesonline.com.au During a recent outreach program at Penrhos College, Wealth Designers senior financial adviser Dawn Thomas asked a group of Year 9 students about the cohort with the least amount of superannuation. To their surprise, the answer was not what they expected. - read more |
| AMP's New Business-Focused Digital Bank 17 Nov 2023: .financialservicesonline.com.au AMP Group has announced its plans to launch a digital bank designed for sole traders and small businesses, expected to be operational by early 2025. This venture, aimed at disrupting a ready market, will see AMP partner with Engine by Starling, a UK-based neobank subsidiary, to leverage its modular platform for a scalable and robust infrastructure. - read more |
| Study Finds 1 in 10 Aussies Unprepared for Financial Challenges 11 Nov 2023: .financialservicesonline.com.au A recent study conducted by MLC reveals that while most Australians recognize the importance of superannuation in achieving financial independence, a significant portion of the population feels ill-prepared to overcome unexpected financial hurdles. The study, called the Financial Freedom study, shows that although many Aussies are actively working towards improving their financial wellbeing, additional assistance is needed to achieve financial objectives and adequately plan for retirement. - read more |
| Understanding the Recent RBA Interest Rate Hike 08 Nov 2023: .financialservicesonline.com.au Yesterday, the Reserve Bank of Australia (RBA) made the decision to increase interest rates once again. This move comes as inflation in Australia remains stubbornly high and more persistent than anticipated. While there has been some improvement in goods price inflation, the prices of various services continue to rise rapidly. - read more |