Most Australian's have only seriously thought about bankruptcy when playing a game of Monopoly with their mates! In spite of this, there are about 13,000 people that declare bankruptcy every year in Australia. It's uncanny how rapidly individuals can go from being in a balanced financial position to confronting a mountain of debt. Generally, events [...]
No one likes to consider bankruptcy, which is easy to understand since bankruptcy will have an effect on your financial condition for several years to come. This may be one of the reasons why lots of people don't seek financial support in times of need, because they are under the typical misconception that bankruptcy is [...]
For most Australian adults, debt is a part of our everyday lives. Regardless of whether you wish to enhance your skills by obtaining a degree, invest in a house for your family, or purchase a car so your family has transport, obtaining a loan is very common simply because we don't have sufficient money to [...]
Whether we realise it or not, our credit report has a serious influence on our lives. It's sort of like our health; we don't appreciate good health until we lose it. Most people don't even learn that they have a poor credit report until they make an application for a line of credit and it's [...]
We all have a fairly good understanding that weddings can be an expensive exercise, but do you really know just how much the average wedding costs in Australia? A little over $36,000, based on Australia's Money Smart website. And that was in 2012! These days, it's probably somewhere around the $50,000 mark. I suppose if [...]
There's no doubt that hitting your 30's is a serious landmark for everybody. Even though some of us may have started a family, bought a house, or even started a new career, this decade of our life has a significant financial impact for your future years. For the majority of people, our financial responsibilities have [...]
There's no question that your 20's is a very unique stage of your life. There's a jittery but exhilarating sensation about becoming an adult, leaving home, and being financially self-reliant. Whether you launched a career, a university degree, or spent time traveling abroad and gaining life experience, your 20's is an important decade from both [...]
Most of us pass through periods in life where money is tight. Luckily for us, there are particular expenses that we can easily eliminate, such as cable TV, gym memberships, and eating out at restaurants. Despite this, there are other expenditures that we simply can't avoid. Rent, debt repayments and school tuition are just a [...]
Nowadays, saving money is a quest that every person wishes to achieve, but generally it can be a challenging task for lots of individuals. Rent, bills, food, and everyday necessities build up quickly, leaving most households with little to no savings. Having the ability to save money and improve your life seems to be a [...]
Congratulations! You've successfully fulfilled your three year period of bankruptcy and have been discharged, so what now? You've obviously taken the right actions to address your financial dilemmas by declaring bankruptcy, and all your debts are well behind you now. Keep in mind though, there's still a lot of work required to get your finances [...]
