What’s More Important; Saving or Paying Off Debt?

Paying Off Debt Vs Saving. I recently was confronted with a situation that stood out as a clearly emotional money strategy that did not make any sense logically. Someone I heard of had $10k in a savings account (earning 1/2%), that was making them feel really secure, but at the same time they had $20k in Credit Card debt (at …

De-stressing Your Longer Term Expenses

Today’s tip helps you avoid a lot more money pain than most people would realise. Before you purchase a fancy new ‘thingo’ it is a really good idea to ask what ongoing maintenance and repair costs you are likely to be up for. Just because you have the money to purchase something it doesn’t necessarily mean you can afford it …

Keeping Financial Records

Let’s look at a common misunderstanding about achieving financial success; keeping financial records. Over the last 4 or 5 months I have had quite a few people send me information about iPhone apps that you can download allowing you to keep records of where you spent all your money. There is definitely a place for keeping financial records but way …

Is now a good time to look at property?

So, You may have noticed that I have invited Nhan Nguyen to be my guest speaker at a number of workshops over the last 12 months. Last week he spoke at two of my events. I met Nhan about 6 or 7 years ago as a very young and very keen property investor. Our paths have crossed on a number …

Accelerating Debt Reduction

In one of my Money Hints and Tips newsletters I refer to a strategy I call Repayment Snowballing. This is used to speed up the process of debt management quicker . There are a few different opinions on how best to implement this strategy so lets have a look at which will save you the most money. There are basically …

Big-‘E’ Number One – Does it Affect Your Finances?

‘Big-E’ Number One – ‘Emotions’ Over the next little while I am going to be writing about the Big-‘E’s (words that start with the letter ‘E’) that will have a major bearing on your financial outcomes in life. The number of Big-’E’s I have on my list keeps growing the more I think about it. My list originally started out …