ME Bank has been in the news a lot this week after they reduced the available redraw on some of their customers home loans. This has created some confusion of how redraw facilities work. Here is a simple explanation of the difference between a redraw facility and an offset account. Redraw lets you access extra…
This is now the soundtrack to our lives, we look at graphs of lines heading up and now flattening, we keep track of infection numbers, we wait for restrictions to ease, and we look on in wonder as others flout the “rules”, and world leaders seem to provide more uncertainty than surety. Although we have…
Knowing what a property is worth is vital to avoiding paying too much for it. It is easy to let your emotions get involved with such a critical life investment. Auctions especially, can be exciting and stressful situations where it is very easy to pay more for a property than you anticipated. To avoid this…
To effectively build wealth, you need to be managing your money. No matter how much you earn you need to know where your money goes. It is too easy to spend what you earn and more. Banks are prepared to give us credit cards with huge limits and shopping is getting easier with online shopping…