Contrary to popular belief, money can make you happy! A report in the Journal of Consumer Psychology looked into the age-old question of whether money can buy you happiness and found that the answer was a very loud yes. In fact, the study concluded that if money doesn’t make you happy, then you’re probably not…
When was the last time you used an ATM? As banks and customers move transactions online, the number of ATMs and bank branches has dropped by more than one in 10 in the last financial year, according to the latest APRA Points of Presence data for June 2023. In fact, the report shows number of…
Do you know that all-too-familiar fear that comes with receiving a monthly bill? Do you open it with trepidation, not knowing if your budget (or lack thereof) will allow for easy, pain-free payment… or will you have to scrounge and save to find the money on time? If this feeling sounds familiar, you’re definitely not…
Those struggling with poverty share some common traits. I call them Poor Habits. I’ve written extensively about these Poor Habits. But, Poor Habits alone only tell part of the story. There are certain Pillars of Poverty that make poverty possible. Some are self-imposed, others external. In their order of relevance, below are the Pillars of…
Those who know how to manage money make it their slave. Those who do not, become its slave. In my research, I discovered specific money habits of the rich that they used to accumulate enormous wealth. Put Money to Work Accumulating money is good but it will not make you rich. You must put money…
We lionize successful entrepreneurs such as Steve Jobs, Elon Musk, Bill Gates, Henry Ford and Thomas Edison. They inspire and motivate us to pursue greatness. We study them in order to learn their secrets to success. When we peel the onion on their success, common factors such as pursuing a dream, having a clear vision,…
You’ve probably heard that repaying fortnightly or weekly can help you pay off your mortgage years earlier and save tens of thousands in interest. However research from RateCity.com.au has found that the way lenders calculate these payments could catch them off guard. If you’re thinking about switching to fortnightly payments to save money, remember that…
How does the rising cost of living affect Aussies’ banking behaviour? Well, according to Finder’s new research, trust in traditional banks is growing with more Aussies saying they bank with the big four. Finder’s Consumer Sentiment Tracker shows a staggering 4 in 5 Australians (80%) – 16.2 million people – bank with one of the…
Aussies seem to be continuing to put their credit card spending on hold. In fact, new data from the RBA reveals that Australia’s total credit card debt has dropped for the third month in a row, this time by $88.1 million. The drop in this month’s figures is, at least partially, due to individuals using…
Too many people consider life as a game of Monopoly. They think they can gamble on property, or the share market, without the right knowledge or advice. But unlike the famous board game, there is no miraculous pot of money in real life that we can dip into whenever we need it. Launching yourself into…
