Australians were addicted to debt. Now were breaking the addiction. The new question is whether we can survive the withdrawal symptoms. Australians are reducing debt in many places. We are cutting the value of loans but also the number of them. We are borrowing less for investment housing but also for owner-occupier. Were limiting housing…
The prime minister and Indigenous affairs minister have released their official response to the latest Closing the Gap report: Australias Closing the Gap targets will be redeveloped in partnership with Indigenous Australians for the first time with a direct focus on education as the key to unlocking the potential of this and future generations. The…
The Rio Olympics debts have spiralled out to more than $159 million, almost three years since the Olympic flame was extinguished at the Maracana Stadium. In yet another body blow warning for any global city considering bidding to host the worlds most prestigious sporting event, a report from Brazil claims the Rio Organising Committees debts…
IVAs (Individual Voluntary Arrangements) help you to deal with your debts. Before taking any decision about this arrangement, you have to understand this procedure and its effects. An IVA acts as an agreement between a debtor and his/her creditors to pay debts (total debts or parts of obligations). You have to make regular payments to…
Collect $200 and pass go because this is a lesson we can all get behind. There are so many different life lessons we need to teach our kids to help guide them in life. But at the end of each day, we just hope we have done enough toraise good humans. Thats why it is…
MANY families are bearing the burden of problem debt as households see their outgoings surpass their income for the first time in nearly 30 years. The average person has outgoings of 26,800 a year but only has a disposable income of 20,200, says the Office for National Statistics (ONS). This means they need 6600 a…
LONDON, Feb. 11, 2019 /PRNewswire/ –As consumers continue to face increasing debt levels and expenses, new data from Auriemma Consulting Group suggests that balance transfer offers continue to be an effective tool for consumers who are struggling to pay down their debt. Balance transfers can help consumers better organise and pay down their debts by…
You are planning to celebrate your parents 50th wedding anniversary. As the family comes together, ideas flow and before you know it, the event becomes bigger and bigger. You notice your brother becoming irritable as days pass, and protesting new expenses. The other siblings complain that the brother is being stingy. Pause. Could he be…
While debt consolidation offers may sound appealing, especially if the new loan offers an attractive initial interest rate, it is important to consider all the factors before picking one up. By: Hitesh Khan/ If you are like most Singaporeans, your email and mailbox may be filled with offers for credit cards, mortgage refinancing and personal…
Dealing with mental health can be tricky. But when you throw debt into the mix, it can feel like its all too much. Debt can be both a cause and a consequence of mental health problems. According to charity Mind, one in 11 people in the UK is in debt, increasing to one in four…