After recently renewing our annual home and contents insurance policy this week I asked myself the question: Do I even need home insurance? Check your mortgage, rental agreement and other loan documents as it could be a requirement within these contracts to have home insurance. Besides being a great way to mitigate financial disaster, if …
Recently, my wife and I were up for renewal with our home and contents insurance. Every year about this time we get our notice from our current insurer about our cover, and it’s at this time that I then go on the hunt using aggregators like Compare The Market. Once again Budget Direct was the …
An offset account is generally a transaction account whose balance reduces the loan balance. For example, if a home loan balance is currently at a balance of $300,000 and you have an offset bank account which contains a balance of $20,000 then the bank when calculating the interest charge will do so based on a …
During the Christmas and New Year holiday period I looked around to see how my current mortgage compared with other products around the place. I find I do this necessary chore about every other year. In fact, come to think of it throughout our near 9 years here in our humble home we’ve refinanced 3 …
If Australia’s public health system is good enough to meet your needs, do you need to be paying for private health insurance each year?
The financial year cycle for Australians starts from the 1st July in the previous year and ends on 30th June in the current year. When reporting to the government your financial activities you will be using transactions that were incurred during that period of time. Nobody likes to pay tax yet for some we don’t …