millennials save money

86 400 becomes Australia’s newest bank

Australia has a brand-new bank, with 86 400 granted a full Authorised Deposit-taking Institution (ADI) license by APRA today.

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millennials save money

Is there a difference between minimum wage and living wage?

Back in 1907, a landmark Australian labour law ruled all employees were obligated to be paid a wage that “guaranteed them a standard of living reasonable for a human being in a civilised community”. At the time, this wage was seven shillings per day or 42 shillings per week.

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millennials save money

The average Aussie is a millionaire (sort of)

The average Australian household’s wealth in 2017-18 exceeded $1 million, a 37% increase from last decade.

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millennials save money

Who’s cut rates on savings accounts and term deposits this month?

Interest rates on savings accounts and term deposits continue to fall following the Reserve Bank’s July cash rate cut.

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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

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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