Debt management is key to staying on top of your finances. Avoiding debt by paying your bills on time and budgeting wisely is the best approach but if you slip into the red here are some ways to kick your debts as soon as possible. Add it upTally up all your debts to give you…
When it comes to saving money on anything from home loan interest rates to new appliances for your house, haggling is critical. Master some of the haggling skills below to reap some saving rewards. TimingIf your timing is not right many of your haggling skills will be wasted. Make sure you are bargaining when the…
Office supplies may seem like insignificant purchases, but like anything, the costs add up. It makes sense to save on what you can in your business. Consider some of these smart tips to help cut down on your office overhead. Buy in bulkIt is no secret that to buy in bulk results in significant savings…
In Australia, we are lucky enough to have student loan programs to cater to the broad demographic of people who want to progress their careers or knowledge through tertiary studies. What is a HECS-HELP Loan?The HECS-HELP loan is a scheme to help students attend university through a loan system, which they are to repay once…
A credit card can be a useful way to pay for the things you want in life. But if you do not keep track of your credit balance, you may find your credit card more of a costly burden to your wallet. Consider these strategies to help you use your credit card smarter. Make payments…
Working capital is the money needed for day-to-day business operations and is often a measure of a business’s liquidity, efficiency and financial health. To ensure your business has adequate working capital, the working capital cycle should be applied. The working capital cycle is the length of time from the purchase of inventory to the receipt…
Before launching your investment portfolio, it is important to be aware of the strategies you can adapt to manage the risks involved in achieving your investment goals. Here are some basics to assist you on your investment journey: Diversification Spreading your money across a number of different industry sectors, asset classes and even geographic locations…
It is important for business owners to be consistent when chasing debtors to recover debts in a timely manner. By doing so, they will be able to maintain stable customer relationships while continuing to grow their business wealth. Business owners should consider alternative ways of collecting debt before considering legal action. Taking legal action can…
Buying a house is a great accomplishment; you gain a place to call home where you can create a life full of memories in. It is important to develop a plan for saving so that you make the journey to homeownership as smooth as possible. Consider the following: Understanding the hidden costs Buying a house…
Sometimes the best way a small business can improve their bottom-line is by merely scraping their under-performing products or services. Refusing to let go of stagnant products will put your business at risk of not only earning lower profit levels but becoming irrelevant within your target market – remember, there is a reason the product…