millennials save money

What is the luxury car tax (LCT)?

Let’s face it, we’ve all dreamt of driving around the city in a Ferrari like a recent-retiree who may or may not be compensating for something. But you might change your mind on that when you learn just how heavily luxury cars are taxed in Australia.

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millennials save money

Will savers continue to struggle after another RBA rate cut?

After a second consecutive rate cut on Tuesday, much of the focus has been on which lenders are cutting home loan rates and by how much. But with interest rates falling to new record lows with each rate cut, Australians shouldn’t forget about the impact this can have on savings accounts and term deposits.

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millennials save money

Australians wasting nearly $4 billion on unused subscription services

Three in five Australians (62%) are wasting money on subscription services they either don’t use or have forgotten about, new research shows.

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millennials save money

RBA cuts interest rates two months in a row

The Reserve Bank has continued to shake up the status-quo, cutting the official cash rate by 25 basis points for the second consecutive month in a bid to stimulate the economy.

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millennials save money

New Banking Code of Practice increases consumer protections

The banking rule book has been thrown out the window, with the new ASIC-approved Banking Code of Practice to come into effect today.

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millennials save money

How to calculate interest repayments on a car loan

Don’t fall into the trap of taking out a car loan you can’t afford! Arm yourself with the knowledge of how interest is calculated on car loans so you can learn how to save.

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millennials save money

NAB subsidiary UBank slashes savings account interest rates

Another savings account immortalised by the Barefoot Investor, UBank’s USaver with Ultra account, has had its interest rate cut following the reduction to the cash rate earlier in June.

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millennials save money

ANZ the last of the big four to cut savings account rates

Major bank ANZ has cut the interest rates on its savings account products by 20 basis points, becoming the last of the big four to reduce savings rates.

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millennials save money

First home buyers feel the pressure when applying for a home loan

More than half of all first-home buyers feel stressed when applying for a home loan, according to new research.

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millennials save money

RAMS the latest casualty of savings account rate cuts

RAMS’ high-interest Saver Account is the latest in a growing line of savings accounts to have its interest rate cut, following the Reserve Bank’s decision to cut the cash rate earlier in June.

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