With Australia now officially in recession, its more important than ever to safeguard your finances. You cant control what the economy is doing, but you can take precautionary measures to protect yourself in case you lose your source of income. Here are six ways to stay financially fit during an economic downturn. 1. Boost your…
Small-business owners will need to take stock of deferred rents and bills ahead of the September cliff, warns one financier. With a number of six-month deferrals including rent, bank loans and payroll tax coming to an end in September, accountants have been urged to help their small-business clients understand what expenses will need to be…
From questionable hair choices to finding rotten food in your locker, high school memories stay with us. But what about the bits youve left behind, like economic lessons? According to a Household, Income and Labour Dynamics in Australia (HILDA) survey in 2019, fewer than half of Aussies could correctly answer five basic financial literacy questions.…
(Bloomberg) — Delta Air Lines Inc. is preparing to issue new debt backed by its frequent-flyer program, the latest to use miles to help boost liquidity amid the Covid-19 pandemic. The airline is set to market new loans and bonds secured by its SkyMiles loyalty program after the U.S. Labor Day holiday on Sept. 7,…
Australia is in recession, which means now is an important time to be focus on ways to become financially secure. By following these three golden rules you can change your relationship with money, take stock of your current financial situation and help prepare your family for what may lie ahead. Build an emergency fund Youve…
Many developing countries face huge debts from the COVID-19 pandemic. Market analysts now suggest that almost 40% of emerging- and frontier-market sovereign external debt could be at risk of default in the next year. An IMF endorsed ‘debt for nature swaps’ initiative could help countries tackle debt and improve sustainability together. A global debt crisis…
This is sponsored content for Nifty Personal Loans. A personal loan is one of the effective ways to set yourself up for success by relieving financial burdens, provided that it’s managed responsibly. With it, you can take your family on a much-needed vacation, cover a down payment, cope with urgent bills, and, most importantly, handle…
What do 80 percent of Americans have but dont want? The answer is debt. But the harsh reality of debt is that it isnt the loan thats the problem. Its the mismanagement of loansthat creates an issue. Smart debt consolidation can help lift you out of the burden of debt management. Here are the top…
When building a budget, we often plan in terms of monthly expenses, but it’s also important to think about the big picture and this is especially true if you’ve got debt and a poor credit score. When people are trying to figure out how to pay off their debt, they usually look at how much…
Outstanding Australian student debts could fall on their own this year, if the economy continues to decline. The nations HECS-HELP debt is fixed to the growth in the consumer price index (CPI), which fell by its largest margin in more than 70 years in June. If the next three quarters dont erase the fall, outstanding…