HECS-HELP Debt – Hooray for student loans

What is HECS-HELP Debt? HECS-HELP is a loan scheme to help eligible Commonwealth supported students pay their student contribution amounts, until 2005 this was known as HECS. FEE-HELP is a loan to help eligible fee paying students to pay their tuition fees. What this means is that most Australian’s can access university and pay their […]

Record Keeping – death by a thousand (paper) cuts

LORKS… an epidemic! Over-paying suppliers, doubling up on data entry and piles of documents in the in-tray are all symptomatic of having LORKS, Lack of an Organised Records Keeping System. According to the Australian Taxation Office (“ATO”), one of the leading causes of a business folding is poor record keeping. Not only businesses are succumbing […]

Valentine’s Day – the cost of love

A Hallmark Holiday? With every holiday or day of celebration, there is always the discussion on commercialisation. Hot cross buns being available on New Years Day, Cards for everything from Mother’s Day to Graduation from Kindergarten and the now predominately used term ‘Hallmark Holiday’ all too often cloud over the history or significance of most special […]

Mortgage – Interest Sting

  Interest Only Re-set There has been much talk in media outlets, and political interest parties, about the trend of Interest Only Loans reaching expiration. Much of this discussion has been led by parties for or against the proposed “APRA Bill” – summarised as altering and extending the tools at the discretion of the Australian […]

Dawn of a new age – well, New Year anyway

A Time for Reflection While December and January of each year seems to be the peak time for goal setting (despise the term resolutions), goals are best revisited more often than at the dawn of a New Year. We all find ourselves thinking, ‘wow, this year has gone fast’, and everything you had aspired to […]

Getting to know your money – Financial Literacy

What type of budget person are you? Budgeting and Financial Literacy means many things to many people. Some people fear the word budget, and are happy to plod along paying all their bills and spending whatever is leftover. Others have spreadsheets, graphs of the mortgage, projections of savings and other repayments, 5 year plans, and […]