Author: Heath

How to make your tax debt work better for you

Tax season is fast approaching. If you’re worried about your 2020 tax debt, now’s the time to start putting in place a new strategy for your 2021 return. This article explores the tax advantages and deductions that can come with owning a property, whether you’re an owner-occupier or an investor. Make the most of owner-occupier tax benefits When …

5 things to do to when applying for a home loan

If securing a loan for your dream home is one of your financial goals, you might be feeling a bit overwhelmed. Whether the loan is for your first home or an investment property, the ‘to do’ list in front of you can feel never-ending. While the task of getting a home loan may feel intimidating, it …

Crunch time: tax debts can now be reported by ATO to credit agencies

Got a large, overdue tax debt with the Australian Tax Office (ATO)? Then best listen up, because certain tax debt information can now be reported to credit reporting bureaus (CRBs). A new Australian law means the ATO will be able to disclose the tax debt information of a business to CRBs when certain criteria are met. What …

When is the right time to ask for financial help?

Many of us are accustomed to asking for help in a variety of situations – if we need help moving, when we’re dealing with a personal problem or if we’re having a tough time at work. However, most of us don’t ask for help when it comes to our finances. Asking for help with your finances …

What’s stopping you from reaching your financial goals?

Reaching your financial goals can be challenging, but whether you’re looking to pay off a large debt, save for that dream holiday or buy a property, each is an ambitious goal worth striving for. A recent study by ME Bank found that while many Australians are working towards common financial goals, only some are confident in …

3 steps to get on top of your finances

When you’re going through financial hardship, it may seem easier to manage it yourself rather than reach out for assistance. But with nearly two-thirds of working Australians in non-mortgage debt, it’s clear that financial help is needed for many. While it may seem like a big task, getting out of debt and feeling back in …

Negotiation 101: Busting debt and lowering your costs

Debt doesn’t have to be a dirty word. In fact, debt can enable you to do big things in life, such as buying your family home. And it can be tempting to think that once you’re in debt, it’s a case of set and forget. While keeping your debt on autopilot may seem easier, a …

Passing on good money habits to your kids

Money makes the world go around, so teaching your kids to navigate it well is paramount. From the day your child is born, they soak up information from the things they see and hear you do. This includes your money habits. It’s never too early to start talking to your children about money – how it …

The ins and outs of cash flow management

How you spend your incoming and outgoing money requires diligence and careful management. After all, you want to stay on top of your finances to ensure you aren’t spending more than you’re making.  It may not sound sexy, but effective cash flow management can help you manage what’s coming in and ensure it’s spent wisely. What …

5 reasons people stay in debt

Every day, millions of people go deeper into debt. Credit cards, student debts, car loans, Afterpay – the  list goes on. If left unchecked, debt can be a slippery slope that can quickly spiral out of control. So, why do people stay in debt? Let’s take a look at the 5 key reasons. 1. They don’t …

Four ways to stick to your financial plan

When it comes to money, how do you make sure that your best laid plans don’t go to waste? We explore four simple ways to make sticking to your financial plans a little bit easier. 1. Ease into it If you want to complete a marathon you don’t start training by running the full distance on your …

Why you should be setting financial goals

Life is what happens when you’re making plans. But what if you haven’t made any financial plans for the future – what happens then? Whether you want to finally pay off that credit card or save for a home deposit, having financial goals can help get you there. We explore why you should be setting financial goals, …