May 6 Economic Update: Cash taking a back seat to Buy Now Pay Later
In this week’s edition of our economic update, we’re noticing that people are tightening their purse strings, but not always in the way you’d expect.
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April 27 Economic Update: In Sydney and Melbourne, there are clear spending trends
This week’s data shows clear spending trends across Melbourne and Sydney. Overall, spending has dropped in high income suburbs across Victoria and New South Wales, while the less well-off are spending what they earn, supported by the stimulus.
What is a personal loan?
A personal loan is a monetary loan you can get from a credit provider such as a bank, credit union or online lender – usually for a specific life purpose like renovating your home, paying for a holiday or consolidating several smaller loans. Lenders approve…
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Avoid financial heartache this Valentine’s Day
Valentine’s day is just around the corner. And you know what that means: candle-light dinners, romantic water-side strolls, mouth-watering chocolates, exquisitely arranged bouquets and… your beloved’s outstanding debt? At first you’ll be enamoured by that special someone’s talents and strengths but there will come a…
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Is a secured personal loan right for you?
A secured personal loan is a personal loan in which you offer up an asset as collateral, essentially guaranteeing you’ll pay the loan off. If you don’t pay, the lender can take possession of that asset (in this case, known as the security) and sell…
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Why you should aim to be a ‘deadbeat’ – at least when it comes to your credit card
Are you a deadbeat? When it comes to credit cards, that’s actually a good thing. Yep, a ‘deadbeat’ is a term for someone who pays off their credit card in full and on time every month. Why a deadbeat? Well, if you pay off your…
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Managing your finances when life throws you a curveball
Occasionally life will throw you a curveball that directly or indirectly impacts your finances: you’re made redundant, your furnace dies or you’re expecting a child and you realise you’ll need to upgrade homes in the not-too-distant future. The last thing you want is to dig…
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Choosing a rewards credit card that’s right for you
Rewards credit card programs have exploded in recent years, offering everything from flights to merchandise to cash in your pocket. With so many options, it’s important to choose a rewards card that suits your lifestyle and preferences. Here’s how. What is a rewards credit card?…
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How to compare credit cards the right way
Comparing credit cards the right way can be rewarding, because there’s a credit card that can cater to almost every lifestyle and financial need. When you compare, you’ll be looking at everything from interest rates, to reward programs to promotional offers to fees. Compare credit…
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Debt consolidation loan vs. balance transfer credit card – which one to choose?
When you consolidate your debt, you are essentially taking out one large loan and using that money to pay off two or more smaller debts. The two major ways you can do this is by applying for a balance transfer (BT) credit card or taking…
read moreThe information provided on the Credit Simple website is general in nature and does not constitute personal financial advice. It has been prepared without taking into account your personal objectives, financial situation or needs. Before making any decisions, it is important for you to consider your personal situation and seek appropriate tax, legal and other professional advice.