Saving made easy, when you know how.

Money savings can be very stressful when you are unsure exactly what you need to be doing. One of the hardest parts of saving is the ‘getting started’ part. Firstly, you need to set saving goals and write them down, visualising the amount you require is essential in helping you understand your future needs. Write down what you want to save to do or buy and how long do you have to do this. Now give yourself a budget, limit any over-spending, even changing to a lower budget supermarket can help. Record your monthly outgoings (and this includes your morning coffee and little treats too). Then record your income. Visualise the difference and make realistic weekly and monthly saving goals to get you meet your required savings. Entering your numbers...

Small businesses – Time is money

Many people who dream of starting up their own businesses hit a bit of a crossroads when they have to decide whether to work to earn money that they can put towards their idea, or quit their job to focus solely on their dream job. Sometimes, even with savings you always need that little bit more but it can be risky to head back to work. You may only get one shot at your dream job, so if you wanted to start your own hairdressing business but you didn’t have enough to complete the salon, you may need to work, save and revisit the idea at a later date. Time is money though and by wasting time you could be making it more difficult to get set up in the...

Setting up a bank account in Australia

Australia is one of the most popular countries for gap year holidays, so there is a huge number of young adults visiting this huge country throughout course of a year. One of the first things you need to do when you arrive in Australia for your gap year or working holiday visa is to set up an Australian bank account. The process is actually an easy one, but there are a couple of things you’ll need to do to get everything set up okay. Australian telephone number Australian Address Passport Don’t worry if you’re only staying in temporary accommodation such as a hostel, as long as you have an address so the bank can send your card out you’re away! But don’t forget these 3 vital aspects when you arrive...

Borrowing from Family and Friends

Many people go through unstable periods when they’re setting up a new business or are facing steep completion from rivals. A burst of cash that’s well spent can help stabilize your company if the money is invested into the right areas, and many businesses owners choose to borrow money from family and friends rather that loan companies. There are some problems you can face should you choose to borrow money this way. Fallouts If you don’t spend the money you’ve borrowed in the right way, you may have friends of family members asking for a date when they’ll be paid back. If you’re unable to give them the money back your relationship may never be the same. Interference Having a friend or family member lend you money can mean they...

When to consider a Payday Loan?

It’s true that payday loans can get you out of a sticky situation fast. That said, they can also get you into an even stickier situation, so when is it okay to consider getting a payday loan? Well, let’s first understand what a payday loan actually is. It’s a short term loan agreement. So to clarify that’s short-term not long term! This means that paying it back as soon as possible is going to make it a reasonable option for somebody with a short term need for funds. If you need a long-term loan you must avoid this at all costs. Otherwise interest rates will build up quickly, so too will the deadlines for repayment. Only commit to a payday loan if you need to borrow money for several days...