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debt-income-ratio

What is Debt-to-income Ratio and how it impacts you

October 29th, 2019 By roi123

If you want to manage your money responsibly, you probably already know that you should review your finances at least once a month. You might check your bank account for unauthorised charges and make sure your bills are all paid. But you may not have a complete picture of your finances if you aren’t reviewing […]

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debt-proof

How to debt proof your children

September 23rd, 2019 By roi123

Childhood is a time of learning and discovery. A lot of our core beliefs and habits are formed during our younger years including the way we think about/handle money and spending. We grew up with the knowledge of our parents earning salaries, paying mortgages, moaning about debts and of course, paying us pocket money. The […]

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retiring-with-debt

More Are Retiring With High Mortgage Debts

August 21st, 2019 By roi123

The number of mature age Australians carrying mortgage debt into retirement is soaring. And on average each mature age Australian with a mortgage debt owes much more relative to their income than 25 years ago. Microdata from the Bureau of Statistics survey of income and housing shows an increase in the proportion of homeowners owing […]

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after-pay

Afterpay; Financial Angel or Debt Devil?

August 13th, 2019 By roi123

Afterpay has grown in popularity and availability in the last few years with many companies offering this payment option either online or in store. Afterpay gives you the ability to buy your item immediately but pay only a quarter of the cost up front. The remaining payments are spread over the next 6 weeks, so […]

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