I can see the attraction of buy now pay later arrangements - it's seductive to buy something you want right now, and pay it off in instalments whilst believing there's no extra cost or …
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Is it better to pay off debt before investing?
The goal of both investing and repaying debt is to grow your net wealth so you can afford more of what really matters to you in life. Net Wealth = Investments less Debts. So, ignoring interest for …
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In which order should you repay your debts?
When you have multiple debts you're trying to repay there are a few ways you could approach becoming debt-free: A bit extra on each of them?Smallest balance first?Largest balance first?Highest …
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Can a credit card combined with an offset account repay your mortgage faster?
In the nineties and noughties, it was popular for lenders and personal finance commentators to promote a strategy of combining a credit card with a mortgage offset account to repay your mortgage …
Does debt consolidation work?
When people have racked up multiple consumer debts, including credit cards, car loans and personal loans a common piece of advice is to 'consolidate your debts'. But does this advice really work? …
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 …