How to Set Yourself Up to Achieve Your Savings Goals

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Saving for something significant like a car, school or university fees or a property deposit  is not easy, which is why a target is essential. And it’s a fact that those who establish savings goals save faster than those who don’t.

 

  • Establish your savings goals: One you’ve determined what you’re saving for, work out how much you can save each month and stick to it

 

  • Establish A Budget: Can you save the amount you want each month while still having enough to ...
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The rich get richer -But why?

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Why do the rich get richer? You can get grumpy about this fact, or you can learn to understand it and join them.

Now if you follow the Profolio way you will be investing at least 10% of your income at any time. If you are not, you need to go back and complete our 4 part budget program to nail the basics.

Lets look at 8 reasons the rich get richer, and ways you too can join the ranks of the ...

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RBA Rate cut- What does this mean for you?

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The RBA announced yesterday a rate cut of 25 basis points bringing the interest rate to a historic new low of 1.75%.

 

GAIN FOR MORTGAGE HOLDERS

While three of the top four banks have passed the rate on in full, ANZ customers (myself included) won’t be so happy as ANZ only passed on a .19% cut, using the excuse they have recently had a profit slump.

NAB announcing first, followed shortly by Bank of Queensland, Westpac, and Commonwealth Bank. All banks are looking ...

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5 Ways to Start Saving Money Now

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For any person entering the investment arena, the hardest thing is getting started. Saving that first amount to get your foot in the door. Whether you are interested in share or property investment you have to have your budget in order first. The number one thing I hear from client’s is that they just don’t have any spare money after paying all the bills, while in some cases this may be true, in most you can find savings somewhere. However, ...

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