Why is having an emergency fund a top priority even if your paying off your debts? If you’ve been following Dave Ramsey and his baby steps method you would have come across the emergency fund throughout the process. But why is it so important? Reduce Reliance On Debt The main reason why an emergency fund …
Back in 2010 my wife and I, after we got married, settled into a little one-bedroom, one-bathroom granny flat at the back of a friends’ property in the middle of Sydney. Rent in Sydney was expensive at the time, and our goal wasn’t to stay there long term, but to save as much money as …
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 …
If you’ve been around the personal finance world long enough you would have inevitably bumped into an American named Dave Ramsey. He currently hosts Dave Ramsey Show on YouTube and he teaches people how to become wealthy by saving, getting out of debt and investing. He’s been doing this for over 25 years and has …