MoneySmart, the financial literacy website produced by Australian Government regulator ASIC have produced this brief video to explain how compound interest works. Compound interest is an essential …
National Identity Fraud Awareness Week
This week is National Identity Fraud Awareness Week. Last year I wrote a detailed article on how to protect yourself from identity theft. The article also shares the story of how my sister was …
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Budgeting tip: Medical costs
You don't know when you're going to be sick and need to see the doctor. That makes it tricky to include an allowance for medical expenses in your budget. Medical expenses are included under the …
Budgeting tip: They don’t make things like they used to
My parents still have a refrigerator that has one of those locking door handles on it. You know the ones that a small child could lock themselves into. It must be 30 or 40 years old and it still …
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Qn: How do we get out of debt?
This year I have again volunteered for the Financial Planning Associations's Ask an Expert program. Following is one of the questions I just received and my answer. The question Hello Matt, my …
Is this a scam?
Smart scammers try to make themselves appear legitimate as a way to suck you in. They'll use official sounding names, even names that are very similar to real companies. In fact I had some scammers …