MyBudget MoneyTalks Blog

Tammy on 9 News Adelaide
Tammy on 9 News Adelaide
MyBudget Reviews
MyBudget Reviews

HomesVic – Helping Victorian’s Get Homes

As rent prices keep climbing, it can be difficult for Victorian renters to save for a house deposit. The Victorian Government has recently launched the HomesVic scheme to help low to medium income-earning Victorians purchase their first home.

Here is some general information you need to know about the scheme:

First Home Buyers
Under the scheme, the Victorian Government will support up to the first 400 home buyers who meet the eligibility criteria, to enter the market early through reducing the amount of money required for their home loan. This applies to both new and existing homes.

The Hidden Costs of Buying a Home — Revealed!

When it comes to buying a house, the deposit is just the beginning. Legal fees, stamp duty, bank and insurance charges, not to mention moving costs, can all add up to tens of thousands of extra dollars on the average home purchase.

Why do lenders talk about a 20-percent deposit?

Twenty-percent is the magical deposit amount where banks will lend to you without adding on an extra margin, called Lender’s Mortgage Insurance (LMI) to reduce their risk. Canstar explains, “Lender’s Mortgage Insurance is a condition of home loan borrowing where your mortgage lender may require you to make a one-off payment to protect them (the lender) against the event where you (the borrower) might fail to make your home loan repayments.” To avoid having LMI added to your repayments, you need at least a 20 percent deposit which, depending on the property and location, could be a hefty six-figure sum.

Tammy’s Tips to a Budget Bali Holiday

Bali was my first overseas holiday. I was in my twenties and, for years, I’d listened excitedly to friends who’d been to Bali and told me all about their trips — the beauty of the beaches and mountains, the friendliness of the people and how cheap it was to eat and shop. For a budget conscious girl like me, it seemed like the perfect destination! And when I got to Bali, I just loved it. I did all the typical “first-time in Bali” things — got my hair plaited and nails painted, had massages on the beach, drank Bintangs (Balinese beer) and Arak (rice-wine spirit) and overpaid for countless amounts of non-genuine branded merchandise. In fact, I loved it so much that I started budgeting for a Bali trip every year. Consequently, I’ve amassed nearly twenty years of budget Bali travel tips that I’m excited to share with you now!

Getting there

7 Ways to Pay Off Your Credit Card Faster

Are you stressed about credit card debt? Feel like you never get ahead? You’re not alone. Australia’s combined credit card debt is worth around $50 billion. But this doesn’t make debt stress acceptable! We have thousands of clients who have proved that you CAN pay off your credit cards faster and start living the debt-free, stress-free life you want.

Here are some tips to get started right now:

1.   Reduce your spending

Every dollar you save is a dollar you can use to pay down your credit card faster.

10 tips to get financially fit

Are your finances feeling a bit flabby? Are you ready for a financially fitter you? Financial health is a lot like physical health — neither can be achieved without discipline and good routine. Not to mention that bad money habits can snowball into serious financial health issues if left unchecked. So let’s talk about how to lose the debt and put on some serious money muscle!

1.  Create a workout plan (also known as a budget)

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Equipping the financial fitness nation: a mini manifesto

There’s a lot of talk about financial fitness these days, and rightly so. We have more material things than ever before, and yet financial stress is everywhere. It’s little wonder that people are getting sick and tired — literally sick and tired — of worrying about money.

But there is a bright side. Just like the physical fitness boom that kicked off in the ‘80s, more and more people are becoming interested in getting financially fit, so much so that it’s growing into a global movement of like-minded people who reject the idea that it’s normal and ok to spend life worrying about money.

I will tell you but keep it in secret

The Santa factor: Managing kids’ Christmas expectations

It was coming up to Christmas and my son Seth, then six, was looking through a toy catalogue that came in a pile of junk mail. He was picking out all the things he wanted—Transformers, Lego, walkie-talkies, a Slip-n-Slide… The list went on. Being a budgeting type, I’ve talked to my kids about the value of money since they were little and I pointed out to Seth that his list ran to hundreds of dollars. “It’s ok, Mum,” my little man replied, “I’m going to ask Father Christmas for them!”

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MyBudget’s Tammy Barton Wins Telstra Business Women Award for SA

We’re excited to announce that MyBudget’s founder and director Tammy Barton has been named South Australia’s Telstra Business Woman of 2017. Tammy is the award’s first two-time winner, after first winning the TBWA title for South Australia in 2007. The competition came down to four finalists from each of the award categories, with Tammy also winning the entrepreneur category.

The awards ambassador, Joe Pollard, last night described Tammy as “disrupting the financial services sector by focusing on making a difference to people’s lives, rather than selling products. Her goal has always been first and foremost to eliminate financial stress in the community. MyBudget is a company solving real problems for real people.”

When Tammy last won the award, MyBudget was poised to expand its Adelaide presence into Melbourne. Ten years later, the company has grown 2,000 percent, helped nearly 70,000 people and is poised to launch its services into the United Kingdom. We can only imagine what the next ten years has in store!

Tammy wishes to thank all clients and team members, past and present. She says, “This award is for all of us who are passionate about freeing people from money worries and building stronger, financially fitter communities.”

 

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Three things I’d like Australian kids to know about money

Do you wonder what it takes to prepare kids to live financially fit lives? In this video, MyBudget’s founder and director Tammy Barton shares her top tips for teaching teenagers about money before they leave high school, including understanding how credit cards and credit contracts work and how to achieve financial fitness on nearly any income level through saving and budgeting.

Watch Tammy’s Video Here