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Credit Simple

Six million homeowners could get a better mortgage

Up to 6 million Australians could save up to $40,000 over the life of an average 25-year mortgage, following the introduction of new laws by the Australian Government, according to consumer advocate group www.creditsimple.com.au. The introduction of Comprehensive Credit Reporting (CCR) means Australian banks are about to load millions of records with the credit bureaux, and lenders will now be able to see the positive records of the country’s 6.4 million home owners for the first time. www.creditsimple.com.au CEO David…

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How to find the best home loan for your needs

Of course you want a home loan with low interest rates, minimal fees and an offset account that lets you deduct 100% of the balance from the amount owed. But other than that, the definition of the “best” loan varies based on your personal circumstances. Ready to apply? Check out our offers page for a range of home loan offers to suit your needs. See offers The basics As described in the intro, there are three basic things all hopeful…

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Everything you need to know about online home loan calculators

Online home loan calculators can be among the most valuable tools you’ll find as you seek to maximise your borrowing capacity, nab the best deal and work out the most cost effective way to pay the darn thing off.  What is a home loan calculator? “Home loan calculator” is actually a catch-all term that applies to an entire category of calculators that each has its own function.  For example, one type of calculator will estimate how much you can borrow,…

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3 steps to instant savings

There’s a lot that you can do to make big savings, and sometimes, it’s the little things that can make a big difference. You can make significant savings by doing these 3 things right now: Calculate your weekly income Calculate your weekly spend Automate your current savings For example, let’s say you take home $750 a week after tax. And let’s say last week, you spent $733. The simplest thing you can do right now is set up a weekly…

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The right way to apply for a credit card

If you’ve thought long and hard about your need to get a credit card, and have narrowed down your options after an exhaustive comparison of rates, fees and perks, then the next step in the process of getting a credit card is to actually apply for one. Nowadays, most card providers let you do all this online, but applying for a credit card isn’t as easy as ticking a box. It can be a bit of a process, involving photo…

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listen to these 6 money podcasts
6 personal finance podcasts to change your money mindset

Ready to change your money mindset? These fantastic money podcasts may be just the inspiration you need… My millenial money This Aussie podcast is perfect if you want to sort out your financial future but aren’t sure where to start. Join Glen James and John Pidgeon for a laidback discussion on heaps of financial themes particularly relevant to those in their 20s, from HECS debts to ‘rentvesting’. So Money In this daily podcast, financial expert Farnoosh Torabi interviews people from…

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7 tips to save money quickly
7 money saving tips you can complete in 10 minutes each

It can be all to easy to chuck anything money or finance related in the too-hard basket. But the truth is, spending a few minutes sorting out just one aspect of your finances can make a big difference. If you’ve got 10 minutes to spare, complete one of these money saving tips and you could see instant financial results. Empty your spare change into a jar Then pop on the lid. Now every time you’ve got a few bits of…

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How to enjoy a low-spend long weekend

As the long weekend kicks off, it can be all too easy to fill your time with fun and frivolous spending. But before you know it, Monday night rolls around and your bank balance is looking more than a little depleted. Luckily, it doesn’t take much to reset your default setting from ‘spend’ to ‘save’ for a few days, and the savings can be pretty significant. Read on for our tips to boost your savings in just a few days.…

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5 super fun (and frugal) school holiday hacks

If the school holidays have you fearing those dreaded words, ‘I’m bored!’ but you know you don’t have cash to spare, never fear – a quick Credit Simple brainstorm is all you need. Check out our top 5 tips to help you survive – and thrive – during these school holidays, with your budget and savings well and truly intact. 1. Get out and about – for free Whether you’re planning a vacation or a staycation, the school holidays are…

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How to build an emergency fund (and why you need one)

Last week I paid for an upcoming ski holiday in Canada. The trip isn’t until next ski season but it has to be paid in advance. Skiing in Canada is my idea of nirvana, so it wasn’t too painful to see the thousands of dollars flowing out of my account; after all, it’s going to a good cause. But this week, my car decided it needed a wheel bearing replaced plus a wheel alignment and new spark plugs. Then my dentist…

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