Savings myths busted

Savings myths busted

Let’s say you need to make a purchase.  You have two options.  Option one is that you take out credit to pay for it and option two is that you use your savings.  In the former case, you will need to pay interest on the money you borrow but in the latter case, you may have received interest on the money, at the very least you will not have been charged interest on it, at most you may have paid a fee for a “premium” current account.  Financially, therefore, it typically makes sense to use savings instead of credit whenever you reasonably can.  This, however, means building up the savings in the first place and that is not necessarily easy.  For some people, it may genuinely be impossible, but hopefully for most, it is possible with a bit of motivation.  If you think otherwise, here are some savings myths busted.

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Saving for junior

Saving for junior

Sending a child to school for the first time is a significant milestone in many ways and, if truth be told, one of those ways is financial.  Even though childcare costs may still be an issue, especially in the school holidays, the fact still remains that school provides a place to keep children safe while parents get on with work (or anything else they do) as well as an education.  

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Understanding your options for saving for your child’s future

Understanding your options for saving for your child’s future

As the old joke goes - parents keep photos in their wallets because it fills up the space where their cash used to be.  All joking aside, one of the many shocks of new parenthood is discovering that children typically need more money than sleep.  Sadly, nobody has invented a method to save up sleep for later use, but you can save up money for your child’s future and here are some tips on how to do so.

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Achieving Your Financial Goals

Achieving Your Financial Goals

Money only has any meaningful value, when it’s used to help you achieve your goals.  When you’re thinking of how to allocate your disposable income, here are five outcomes you may wish to keep in mind.

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