Why won't the bank lend me money?
If I had a dollar for every time I have been asked this question I could probably be a bank myself. “I earn good money”, "I have a good deposit” and even “My mortgage payments would be less that what I pay in rent” are probably the most common statements people voice when they are asking me this question. And even though lenders may differ in their processes, they all have a requirement to meet their responsibilities under the ‘Responsible Lending Code’. So imagine yourself in this situation You are relaxing at home one Sunday evening when there’s a knock on the door. Upon opening the door, you are greeted by...
When you think budgets don't work, do this
Feeling pressured financially and budgeting has never been your thing? Or maybe you have tried to budget before, and it never really worked out for you. Whatever the reason you don’t have a budget (or plan as I like to call it), there is no better time than now to put one together and take back control of your finances and at the same time lowering your stress levels. Here’s my 1 2 3 for getting started and staying in control. Avoid going back over previous bank statements to determine your future budget
The Pro’s and Con’s of Afterpay
Afterpay, it’s everywhere, take the goods now and just make 4 easy payments, it's that simple. With the rise in BNPL (Buy Now, Pay Later) services an increasing number of clients are asking me if these options are a good idea. My advice is always the same, if you have cash, pay cash, it may only be a few weeks of payments but none of us have crystal balls and we can all recall hindsight moments in life. It doesn't take much to upset the best of plans so cash will always rule. Like every tool it is important to understand whether it is helping you or possibly creating problems for you in the future. Let's take a look at the Pros and Cons of using BNPL services