Tempted to use the equity in your home to consolidate your debt or maybe take a holiday or buy a big screen TV? What about buying the best home you can afford? Think again: the past decade has seen bankruptcy become a middle-class “phenomenon”. Even if you aren’t stretched financially, here’s a few things to consider. (more…)
If you are concerned about “just where” your money goes, and would like a greater understanding of how much you spend on what, then Summerhill Financial Services’ new Personal Bookkeeping Services are for you. But rather than being a “big stick”, the knowledge will give you greater understanding, and, therefore control, allowing you to make more informed decisions about spending and saving. (more…)
The Australian Federal Government has recently released further details on the Cash Guarantee. The new release provides information on the introduction of a $1 million fee-free threshold, plus details the fee structure and how the cash guarantee affects foreign bank branches and other investments. The Government guarantee is designed to promote financial stability during the current economic conditions.
An Education tax refund has been recently introduced to help families meet the cost of primary and secondary schooling. (more…)
The Government has made amendments to the original proposal of the First Home Saver Accounts, which are due to be available in October 2008. A summary of the Bill which has now received Royal Assent is outlined below. (more…)
Australia’s net household savings ratio is -2.4%. Just 30 years ago it was 10%. Hardworking Australians in strong economic times are not good at managing their cash flow.
