millennials save money

Common credit card frauds and how to avoid them

In the eyes of scammers and thieves, credit cards are the holy grail. Data from the Australian Payments Network shows that over the 2017-18 financial year, credit card fraud grew by 4.8% to $565 million – more than five times the amount lost to other scams put together.

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millennials save money

ASIC sets sights on ‘predatory’ short-term credit providers

ASIC may soon be flexing its new product intervention powers by going after short-term credit providers charging loan fees worth nearly 1000% of the original loan amount.

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millennials save money

We’re wasting thousands on cars we don’t even drive

New research shows many Australian drivers are wasting thousands of dollars a year on cars they barely use.

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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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