On Monday, the Hecs (Higher Education Contribution Scheme) repayment threshold fell to the lowest it has ever been. From now on, anybody earning over $45,881 a year will have to start repaying their student loans effective immediately. Two years ago, the repayment threshold was $56,000, but Australias Coalition government lowered that to $52,000 last year…
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Howard Marks put it nicely when he said that, rather than worrying about share price volatility, The possibility of permanent loss is the risk I worry about and every practical investor I…
For Queensland mum Emily Banks, the first sign something was wrong came when her husbands tax return failed to show up. The entire $790 return had been garnished, and a call to the tax office revealed it was Centrelink who had taken it. This was at Christmas time last year, and the news came as…
A2018 report found that Americans collectively carry $13.29 trillion in debt, which is $618 billion higher than 2008s peak of $12.68 trillion. With debt rising, more people are turning to personal loans to pay off their high-interest debts, whether thats medical bills, credit card balances, student debt, etc. But is taking out apersonal loanto pay…
Megan and Creagh never thought theyd be in the position of being in $91,000 worth of debt. But fast forward a year, now the most incredible part wasnt that the debt existed, it was that they managed to pay it off in less than 12 months and save for a house deposit at the same…
When you start a new job, youre inundated with paperwork but leaving one small box unticked could result in a nasty surprise bill. Department of Education and Training figures reveal 2.9 million Australians had outstanding Higher Education Loan Program (HELP, formerly HECS) debts in 2017-18. Thats a significant jump from the 2.7 million who had…
When you start a new job, youre inundated with paperwork but leaving one small box unticked could result in a nasty surprise bill. Department of Education and Training figures reveal 2.9 million Australians had outstanding Higher Education Loan Program (HELP, formerly HECS) debts in 2017-18. Thats a significant jump from the 2.7 million who had…
An estimated 3 million Australians could be impacted by upcoming changes to superannuation. By now, potentially three million Australians are in the process of having life and disability insurance stripped out of their superannuation accounts. From July 1, super funds will be required to cancel default life insurance policies in funds where members have…
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective. Over 16 years, writer Laura Dunn racked up $US23,000 of credit card debt. For years, she didnt realise…
Consolidating debt can get you out of financial trouble — but it can also land you in a tough spot. Image source: Getty Images. Consolidating debt is the process of borrowing more money to pay off existing debt. Many people use debt consolidation as a tool to help repay what they owe and to simplify…