Boat Loans Australia Articles

18 fundamental money rules to live by

1. Your housing debt (mortgage repayments) should not exceed 28 percent of your gross income. Your total debt repayments should be under 36 percent.

2. Invest for your future. Use your super and max out your benefit limits if possible. If you can get increased employer contributions or tax benefits by making additional contributions, make sure that you are taking advantage of them!

3. Have a diversified investment portfolio. An old rule of thumb is to deduct your age from the number 100 ... and the result is the percentage you should have in growth-types of investments.

4. You don't want more than 5-10 percent of your portfolio in any one stock.

5. If you don't understand an investment, don't buy it. Know what you are getting into and how you are investing.

6. If you are not saving 10 percent of your income, you are not saving enough. If you are looking towards retirement, women need to save at least 12 percent and men need to save 10 percent towards retirement.

7. Have liquid money. You want to have 6-12 months of money readily accessible in a money market account as your emergency fund.

8. Buy insurance with the highest excesses so that you are paying less in premiums. But, make sure you have sufficient liquid money to afford the deductible if something happens.

9. Generally it is better to buy a car than to lease. But, don't buy a brand new car. Millionaires usually own and drive used cars.

10. Have you ever been pushed to buy an extended warranty on a product you purchased? Generally, not the best idea-usually a waste of money.

11. Keep good records. Keep your cost basis information, your taxes, know where your money is and where your accounts are.

12. Eliminate bad debt. If you have credit card debt you are generally living beyond your means. There is good debt and bad debt. Get rid of bad debt.

13. Know what you are spending. Have a budget and stick with it.

14. Put your possessions into good condition before you retire or go through a life change.

15. Stay in good health. Health insurance is the number one reason people do not retire.

16. Make sure your income exceeds what you have as expenses every month. And you should insure your income because almost everything else is dependent on it.

17. Don't let investments automatically roll over. Make sure you are making the most on your money and have a plan. It's not just always the best rate in the short term (or long term).

18. Don't have a number of different superannuation accounts. Consolidate. If you have old personal or employer super plans, roll over into a personal super plan in your own name.

Finance Articles

When should I use a personal loan? Unsecured personal loans can really help in a pinch. If your savings are low and your car breaks down, for example, such a loan can patch up your life. Or maybe you're buying a big-ticket item and... read more The Truth Behind Payday Loans There is a lot being said about payday loans. Many claim that the interest rates charged are outrageous. Others say that they are the only source of finance available for those with less than perfect... read more Credit Secrets - What They Are Not Telling You Credit plays a dual role in our society; sometimes a lifesaver, and at other times a murderer. Trying to float above imminent economical disaster is a daily exercise for the majority. So, credit companies... read more Buying a home when rates go up When rates go up, opportunities abound. You see, many homeowners, builders, and developers, find themselves in more negotiable positions because of the laws of supply and demand. Surplus rises, and... read more Five Worst Credit Card Mistakes Here are five of the worst mistakes most credit card holders make. If you can avoid these mistakes, you will benefit greatly. read more 5 simple tips for reducing your debt faster Losing sleep from too much debt? Learn how to pay off your credit card bills faster! read more

Finance News

Personal Loans to help Australians in need: FSO Oct 29 :: As Australia prepares to clean up following devastating fires and floods, Financial Services Online CEO, Andrew Clark, has announced a package of personal finance solutions designed to help affected... read more Small business loans to help Aussie businesses through tough times Nov 27 :: Financial Services Online has today announced a new credit facility for Australian business customers who are seeking loans for amounts of up to $10,000 with minimum security requirements, irrespective... read more Police issue warning about bank scam Nov 20 :: Melbourne police are warning people about a scam in which fraudsters pose as bankers and ask for money.They say they cold call customers and tell them they have been overcharged in fees and... read more

START HERE

One simple enquiry form gives you quick, easy access to price and product research from a selection of Australia`s leading and best known Boat Loans specialists.

Knowledgebase

Personal Loan:
A personal loan is a loan provided to an individual or individuals (as opposed to a business) and that can be generally be used for a variety of purposes subject to the approval of the lender.