Time-poor for a better rate

Too loyal or time-poor for a better rate? Problem solved

Another month, another rate cut. Finance can be so tedious.

That is until you realize it could mean more money in your pocket. But how?

For many, matters of personal finance are so dull and/or difficult, they are immediately filed in the too-hard basket.

And for their trouble or lack thereof, these people are often slugged with a ‘lazy tax’ – the price paid for staying put.

Loyalty too, or simply being time-poor, can also be offenses punishable by debt in the world of finance.

But it doesn’t have to be this way.

A 2018 Australian Competition and Consumer Commission (ACCC) report showed that new borrowers with an average-sized residential mortgage paid up to $850 less a year in interest than existing borrowers with the same lender.

However, despite the apparent benefits, actively ensuring an interest rate remains suitable is a practice that continues to elude many.

Fortunately, there are people out there whose job it is to assist in this process.

Finance brokers can play a vital role in assisting borrowers through the process of ensuring their mortgage is competitive.

MFAA mortgage brokers are just a phone call away and are ready to guide you through the task of refinancing your loan.

So get cracking. Click here to find your local broker now.

 

CREATING A BUDGET FOR YOURSELF

Figuring out a budget is something that too many people in Maddington have difficulty with and there is definitely no doubt about that.

This is something that we should all really started thinking about because knowing how to manage our money properly and being consistent with it, will drastically pay off down the road. We will finally be able to enjoy our life completely, without all of the worries that come along for anyone who is just totally overloaded with debt over debt over debt.

Our budget will make it possible for us to recognize that we can survive every single month, not just survive though, much better than that, we could potentially have a little bit of extra money each and every month!

Allow our budget to work for us, no matter what might come up unexpectedly. If we can do this month after month, I do believe that we are just really going to be shocked by the wonderful results. We will have so much more confidence each day just knowing that we can make it on our own, we are a responsible, mature and highly intelligent individual.

Debt is our worst enemy so if we can do anything at all to prevent this from occurring with us all throughout our fun life, start at an early age figuring out how we will follow our budget each month and make it work. If not, we can always rely on experts at Champion Broker Maddington to advise us.

How To Deal With Credit Card offer

Credit card offer, no matter how enticing and convenient it might seem, may be the most expensive loans made by banks, department stores, and gasoline companies for you.

The credit card offers the almost priceless campaign ultimate convenience, but you are paying a high rate of interest. The convenience credit card offers sometimes no longer mounts up to the interest on credit cards alone but also from the bulk of accounts the bank profits for every credit card issued.

There are also those companies that charge an annual fee as part the credit card offer. But most of these companies sometimes charge late fees, over-the-limit fees, and other “miscellaneous” charges that the credit card holder often mistook as part of the service charge. Now, knowing how much you really “contribute” to the companies’ profit every time you pay what the merchant charges or every time you pay the fees to service providers—would you still be blinded with what the credit card offers?

Here are some tips from Kenwick’s Champion Broker that can help you veer away from the constant misleading promises and overwhelming credit card offer. Think first what is the purpose of filling out an application for a credit card and why do you need it and how sure are you that you can comply with the conditions of having another card. If ever your needs really demand a credit card, then you must look for the most suitable type that will work best for your specific situation. Or you can always book a time to talk to one of the brokers at Champion Broker. It pays to understand the terms of what the credit card offers before you get the card. You must also take time to review the disclosures of terms and fees that might appear on credit card offers you receive.