The alternatives for managing debt

Whether it’s for buying furniture, a car, or a home, the majority of Australians have used debt. For most, repaying debt is a formality, but for others who cannot manage their debt, it can be the first step on the slope to bankruptcy. Fortunately, alternatives are available. Insolvency in Australia The Australian Financial Security Authority (AFSA) regularly publishes statistics on insolve...
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Asset allocation explained

The allocation of your money to different types of investment assets, generally referred to as “asset allocation”, is the major factor that determines the risk level and performance of an investment portfolio as a whole. For example, if you have all of your money in cash you have a low risk but relatively low returns. At the other extreme, if it is all invested in shares in Asian stock mark...
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Another way to protect your assets

Do you sometimes lie awake at night wondering what effect the latest share market "correction" or property "boom" or “bust” is having on your investments? Understanding the differences between the various investment assets will help you enjoy better sleep patterns knowing that a diversified portfolio is the best insurance you can take out against investment risk. Asset Classes 1. Cash ...
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What’s all the interest in interest-only loans?

Interest-only loans are pretty much what they sound like: you borrow money and your regular repayments only cover the interest costs. The outstanding loan amount remains constant, though it must eventually be repaid in full. This is in contrast to principal and interest (P&I) loans, where part of each payment comprises interest with the remainder paying down the overall amount of the loan. ...
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Financial tips for single parents

Making ends meet can be difficult enough for two-parent families, but for single-parent families it can be even harder. With a few small steps you can be on the path to financial security. For many single-parent families, the struggle-cycle is a constant reality. Often they face unique hurdles that most people are totally unaware of; usually the biggest one is trying to make ends meet. If yo...
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