Category: Money

Financial tips to reach your goals

Whether it is saving for a new car, a house deposit or a holiday; we all have spending habits that can derail us from achieving our financial goals. But luckily, most of…

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How to spot a fake loan

When shopping around for a personal loan, it is wise to be conscious of any potential scammers that may try and offer you a deal that sounds too good to be true.…

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Finance tips for first-time entrepreneurs

Starting a new business is a big commitment. There are many financial factors a first-time entrepreneur must consider if they are aiming to create a long-term business. Check your personal credit score…

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5 Spending habits to break

Our spending habits play a fundamental role in determining how well we can save our money. If you wish to save more efficiently, it is important to recognise a bad spending habit…

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How to make passive income

With more and more people opting away from traditional 9-5 jobs, the appeal of joining the gig economy is at an all-time high. However, for many people, forgoing their full-time job is…

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Should you use a personal loan?

A personal loan can come in handy if you need some extra cash to fund a purchase, but it may not always be your best option. Before you sign away, you will…

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Reducing business expenses

Having control over your business expenses is an essential part of running a successful small business. Fortunately, controlling your expenses does not have to be hard work. Consider the following ways to…

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Risks of investing in cryptocurrencies

Bitcoin experienced its worst first quarter in history in 2018, falling from $13,412.44 to $6,928.85 in the three months to 31 March. Bitcoin, among other cryptocurrencies, are slowing down with market values…

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Cutting down your marketing costs

When business is struggling, one of the first places business owners look to cut costs is in their marketing efforts. Although many do not view marketing as an essential element, it can…

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Tricks to save more money

Most people, at some stage or another, will need to save money. Whether it is for a large purchase such as a house deposit or money for a rainy day, similar savings…

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Saying no to pushy salespeople

It is more than likely at some stage of your life you will encounter a pushy salesperson attempting to close a sale. And although you may feel rude to decline, it is…

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Starting a business with minimal funds

Starting a business with little to no personal capital will be challenging, but it is not impossible. Luckily, if you think creatively, there are a number of ways you can start your…

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Managing investment risks

Investing can be a great financial strategy, but only if risks are managed appropriately. When investing, it is important to understand three aspects surrounding risk; what it is, why it’s important, and…

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Managing risks associated with investing

Whenever or however you choose to invest, there will always be risk involved. Luckily, there are strategies you can adopt to manage this risk in the best way possible for you and…

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Maximising your accounts receivable

Freeing up working capital can help businesses fund growth, reduce debt levels and lower costs. One way to improve working capital is by managing your accounts receivable. Many businesses fall into the…

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Tips for maximising business cash flow

The ability to manage cash flow is a critical tool for business owners. Incorporate the following cash flow tricks to keep the money coming in and the business running smoothly. Make payment…

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Cash flow tips to improve your business

Poor cash flow is one of the biggest reasons why small businesses fail. A healthy cash flow allows you to operate your business free of hassle; allowing you to pay your staff…

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Making your money stretch further

If improving your finances is on your resolutions list for 2018, you may be searching for ways to make your money work smarter for you. Fortunately, a few simple changes can see…

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Money resolutions for the New Year

Many start the New Year with an optimistic list of resolutions. Not meeting those resolutions many months later is all so familiar too, especially when it comes to financial goals. Setting unrealistic…

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Getting out of small business debt

Managing debt in your small business is essential to maintaining the financial health of your business as well as preventing bankruptcy. Consider the following tips to ensure your small business debts do…

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Chasing up payments from slow customers

Following up on customers that don’t pay their bills is a nuisance, but unfortunately, it is part of running a business. There are ways you can protect your business and take action…

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Make your credit card work for you

Not keeping track of your credit balance can be a hard but an important lesson many individuals can learn from. Thanks to interest and fees, many individuals may pay for more things…

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Getting customers to settle debts

Good credit management is an important business strategy to maintain cash flow and stable finances. A cornerstone of managing credit is not only making sure an invoice gets paid, but gets paid…

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Financial considerations for students

Managing money on a student budget can be challenging but it does not have to be burdensome. With the right financial skills and knowledge, you can learn to manage your money more…

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Benefits and risks of joint accounts

Joint accounts can be a great financial tool, but they can also be the source of conflict for partnerships. Before setting up a joint account, consider the following pros and cons to…

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Questions to ask before applying for a loan

A loan can be great help. It can assist you in achieving your goals faster, such as buying a house, purchasing a new car or getting your business up and running. However,…

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Why real-time bookkeeping makes a difference

Keeping business records up to date and in order isn’t necessarily a habit that comes naturally to all business owners. With owners needing to be on top of essentials like expenses, cash…

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Managing your financial affairs when self-employed

There are many rewards when working for yourself; no boss, freedom to choose your own hours and some lifestyle perks. However, self-employment also means you are responsible for balancing your personal and…

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Choosing the best loan

Getting a good loan can save you thousands of dollars in fees and interest, so it is important to shop around for the best deal. There are many considerations when choosing a…

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Making the most of your tax refund

Getting your tax refund back is exciting, but as tempting as it is to splurge, consider other ways you can put that money to good use. Consider the following options: Add to…

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Quick financial tips to make your money go further

There are no steadfast rules for saving money. Everyone’s financial situation is different; people earn different amounts, need to save different amounts and have varying expenses. Luckily, the following tips can apply…

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Strategies for getting out of debt

Getting into debt is not usually something you plan for; you may have an emergency fund but sitting down and planning how to pay off debt may not be something you have…

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Small business budgeting tips

Budgeting in relation to your small business can make the difference between business success or business failure. A budget helps you keep a better eye on your expenditures and hence your profit…

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Top tips for term deposits

Term deposits are an easy and secure way to invest your funds. But it is always a good idea to do your research and shop around first to find the best return…

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Cash flow tricks you should be practising

The ability to manage cash flow is a critical tool for business owners. Incorporate the following cash flow tricks to keep the money coming in and the business running smoothly. Make payment…

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Handling pushy salespeople

Rejecting a sales pitch can be difficult when dealing with a persuasive salesperson – however, having additional time to think about their offer is much more beneficial in the long run. Salespeople…

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Containing business costs effectively

Saving money should be a priority in any business. The ability to cut costs on the overheads involved in running a business is a skill that can set you apart from others…

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Saving on overhead costs

Owning a business will, especially for new business owners, entail a number of fees and costs that can reduce profits. Luckily, there are many ways to save money on overhead costs. Below…

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What is an interest-only loan?

Interest-only loans have grown considerably in Australia over the past few years. However, a recent crackdown from the Australian Prudential Regulation Authority on this type of lending highlights the risks of these…

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Weighing up unit trusts

Unit trusts are a way of holding assets and are most commonly used as a form of investment strategy. A unit trust is a particular type of trust that allows individuals to…

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Successful business borrowing

With banks conducting careful research to determine a business’ risk factor, it is more important than ever for businesses to maintain a good relationship with their bank in order to safeguard their…

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How to cost-effectively drive business sales

Making more business sales, especially through slow periods, can seem difficult. With rising overheads and limited cash flow, increasing sales is likely to be high on the agenda. Fortunately, business owners can…

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Do you have unclaimed money?

In Australia, there is currently $1.1 billion worth of unclaimed money. Unclaimed money usually eventuates as a result of people moving often or moving internationally, and some people simply forget or do…

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Managing your finances

The ability to be smart with your finances in order to make more money is not always easy. We live in a society where we are encouraged to consume, and we often…

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Understanding credit scores

Credit scores are an impact factor in determining an individual’s credit worthiness. When an individual applies for a loan, such as a mortgage or car loan, a credit provider will use a…

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What investors will look for when funding a startup company

Ultimately, every investor is different. However, when looking to invest in any startup company, there are a number of boxes you will need to check regardless of who decides to invest in…

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How to increase prices without deterring customers

Although, some business owners may be apprehensive at the thought of increasing prices, it is an inevitable and necessary part of business survival. While most customers may not be thrilled by the…

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Tips to prevent business fraud

Business fraud is a significant and growing issue for small business owners. Although fraud is not completely unavoidable, there are ways businesses can protect their private and confidential information. Here are five…

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Understanding financial ratios

Financial ratios are useful tools for business owners to monitor, analyse and improve their business performance. A financial ratio contains one or more financial figures and is expressed as a ratio, rate…

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Budgeting for growth

It may seem obvious that business growth can only occur when there is money available for reinvestment. However, many businesses do not consider this when budgeting and planning their long-term finances. One…

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