Independent and unbiased money tips for young people
As Australians, we are all obsessed with real estate. Investing in real estate has rightly been called ‘the nation’s favourite past time’. Owning an investment property, or three, in addition to owning your own home is a goal of many an Australian. In addition to this, … >Read More
When I was a kid cars were a big part of my life. I was always infatuated with the innovating design and engineering concepts created by manufacturers from around the world. So when I finally received my drivers licence and it was time for me … >Read More
You may have read this title and done a double take. Why are the Money Hackers advocating racking up numerous credit cards? Isn’t paying off credit card debt one of the most basic things you can do to improve your finances? But of course. We … >Read More
In general, you are required to lodge a tax return with the Australian Tax Office (ATO) if you have earned more than the tax free threshold in the financial year. You will also need to lodge a return if you intend to claim any deductions … >Read More
When I first set myself the goal of owning and living in a place of my own, I did what any sensible person in 2017 would do – I entered my question into Google. What came back was a plethora of information filled with jargon … >Read More
This guide assumes you are familiar with Bitcoin and other cryptocurrencies (henceforth referred to as ‘Bitcoins’ for simplicity), and the inherent risks associated with buying into them. Regardless of the plethora of information and opinions out there, treat Bitcoins as any other speculative asset and only … >Read More
To quote the Barefoot Investor, ‘Insurance companies are like a cheating partner. They make themselves look great upfront but will screw you over as soon as you’ve committed to them’. Getting a good deal on buying and renewing insurance can take a bit of time. … >Read More
Extended warranties are one of those things that seems like a good idea at the time of purchase. I mean, you’ve just spent $1500 on that new laptop, so surely another $150 is worth it for peace of mind? Having worked in the retail industry, … >Read More
If you’re like the average young Australian, then you probably have at most 2 bank accounts. One for everyday spending, and sending and receiving money, and the other for ‘saving’. Unless you are extremely disciplined, this is not the optimal financial setup. The average Australian … >Read More
When I was a kid cars were a big part of my life. I was always infatuated with the innovating design and engineering concepts created by manufacturers from around the world. So when I finally received my drivers licence and it was time for me … >Read More
As an Australian, we are all covered by the public health care system under Medicare. The majority of medical and hospitalisation needs are paid for if you go to a public hospital. We all pay for this in our taxes, through the Medicare Levy. If … >Read More
Insurance is a fantastic financial invention, and there are some forms of insurance you should simply not live without. That being said, the average young Australian is probably over-insured, and even worse, insured for policies that they can never actually claim on! It’s basically the … >Read More
It’s not too complicated really. A debit card lets you pay for things, or withdraw money from ATMs, using money that you already have in your bank account. A credit card lets you pay for things using the credit card issuer’s money up to a pre-set … >Read More