what is mortgage stress - 10 matching results

Mortgage stress rising. Rent or buy?

... ) about the rising rate of mortgage stress in Australia. The dream of ... are being crippled by their mortgage payments. Home ownership has become ... we have perfect conditions for mortgage stress. Lifelong renting is considered the ... income fluctuation or job insecurity. What else could Alex and Ros ...

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Home loan rate cuts: how to budget the savings

... their customers. For the average mortgage holder, the saving represents around ... month. People often ask me what they should do with the ... ... month. People often ask me what they should do with the ... to financial stress. If this sounds familiar, use your mortgage surplus to ...

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Making sense of the banks’ mumbo jumbo

Want to get a home loan? Confused by all the different mortgage products? Here's a handy translation guide for making sense of the banks' mumbo jumbo. ... save thousands of dollars in mortgage interest. In simple terms, it's ... , debt consolidation and loans for mortgage or business with flexible terms ...

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First home buyers get into further debt

... , it's a huge milestone. Now what comes next? The Australian newspaper ... debt on top of their mortgage in the last two years ... ... , it's a huge milestone. Now what comes next? The Australian newspaper ... minimum repayment required on your mortgage. Consistently paying even small amounts ...

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Making sense of mortgage jargon (part 1)

... ? Nope. Both are examples of mortgage jargon used by banks and ... home loan terminology and explain what the banks are talking about. ... ... home loan terminology and explain what the banks are talking about. ... , debt consolidation and loans for mortgage or business with flexible terms ...

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Caught in a cash crisis? The problem with payday loans.

January is one of the busiest times of the year at MyBudget. We'll receive hundreds of phone calls a week from people experiencing a debt hangover from Christmas and ... experiencing the stress that comes with a cash crunch. What is a ... not like shopping for a mortgage or a car loan. The ...

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RBA interest rate cut: what does it mean for you?

... rate by 0.25% to 3.0%. What does that mean for you ... and what will interest rates look like ... reading "RBA interest rate cut: what does ... professional advice. MoneyTalks: What is the RBA and what is its role ... MyBudget clients home loan refinancing, mortgages, and car loans with flexible ...

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The best of times, the worst of times

In all my years of experience helping people get on top of their finances, I've come to understand that no two situations are ever exactly the same, which is why there ... thought process, “I asked myself 'what am I good at?' Well ... that she would qualify for mortgage refinancing. In the process, Alysa ...

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Struggling with mortgage payments? Not saving?

... ING … Continue reading "Struggling with mortgage payments? Not saving?" ... household expenses (food, car, petrol, mortgage, bills, entertainment, debts, clothing, lunch ... able to earn extra income? What about taking in a boarder ...

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What can you do if your mortgage gets behind?

... Even … Continue reading "What can you do if your mortgage gets behind?" ... don’t help. What can you do if your mortgage gets behind ... often issue default notices after mortgage payments have been missed for ...

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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 ... an extra margin, called Lender's Mortgage Insurance (LMI) to reduce their ... risk. Canstar explains, “Lender's Mortgage Insurance is a condition of ...

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Banks relax lending rules for renters who want to buy

In December 2010, BankSA announced that it would follow St George's lead in allowing potential borrowers to use their history of rental payments as evidence of their ... and conveyancing fees, bank fees, mortgage insurance (if applicable), moving costs ... a savings plan together. That's what we do—help people get ...

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Too many bills, not enough money

This article appears in issue 3 of Samara Magazine, a free online magazine for women business owners and entrepreneurs. Helping people to succeed and achieve their life ... your personal financial commitments. But what happens when there's not enough ... often issue default notices after mortgage payments have been missed for ...

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7 Ways to Pay Off Your Credit Card Faster

Are you stressed about credit card debt? Feel ... But this doesn't make debt stress acceptable! We have thousands of ... ... But this doesn't make debt stress acceptable! We have thousands of ... long-range budget will show exactly what you can achieve with your ...

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Habitat for Humanity – Home Building Program

... million Australian households experience housing stress. Fortunately, one charity group is ... ... million Australian households experience housing stress. Fortunately, one charity group is ... criteria: Currently living in housing-related stress; be unable to borrow to ...

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Manage good debt, minimise bad debt

... a home rely on a mortgage to be able to do ... ... values in Australia have made mortgages a good long-term investment. You ... to buy. Buying what you need rather than what you want. Paying ...

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Riding the MyBudget bus to retirement

Two of our valued clients, Bob and Judy, have given us permission to share their wonderful story with you. Bob and Judy joined MyBudget in 2007 because, in Bob's words ... , all but Bob and Judy's mortgage is paid off and they've ... ever did. Aside from our mortgage, all our bills are paid ...

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Money misconceptions: four financial fictions

Last year I participated in a fundraising debate where I had to argue for the affirmative team that money buys happiness. That's not my personal opinion, but I was happy ... of its intrinsic value. But what if we measured our worth ... is a strong correlation between stress and unhappiness. After all, it's ...

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Lying about money

... money. In some cases, the stress of living … Continue reading "Lying ... ... money. In some cases, the stress of living pay-to-pay pushes couples ... serious distrust in a relationship. What causes financial dishonesty in a ...

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Big changes, big savings

At MyBudget we make a point of reminding our clients that little changes to their spending habits turn into big savings over time. If you stop buying your lunch and start ... earners also find themselves with mortgages and rent payments that are ... save money in rent or mortgage payments, but smaller accommodations also ...

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5 dangers of balance transfers

... even deeper in debt and stress as a result. Let's talk ... ... even deeper in debt and stress as a result. Let's talk ... , usually around 20% per annum. What's more, the card issuer may ...

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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 ... talk with your kids about what's affordable within your household budget ... Santa Factor is causing you stress this Christmas, give the caring ...

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10 credit card facts you need to know

I got this question from a MoneyTalks reader: "My younger brother has just turned 20 and landed his first regular job. To mark the occasion, he's applied for a credit ... brother feels ready for it. What your brother may not realise ... the leading causes of financial stress In Australia. Fiction 1: Credit ...

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Declutter for dollars

... to greater happiness and lower stress levels. I say that decluttering ... ... to greater happiness and lower stress levels. I say that decluttering ... clothes, bundles of books/CD/DVDs.) Donate what you can't sell. Charitable organisations ...

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A new (free!) magazine for entrepreneurial women

I was recently invited to become a contributing columnist to Samara Magazine, a new online magazine that's designed for women interested in business and entrepreneurship ... ’s commitment to reducing financial stress in the community. There are ... costs, birthdays, and vet checkups. What about unexpected expenses? A portion ...

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10 tips for budgeting for a holiday

... credit card debt or financial stress is not a holiday. Follow ... ... credit card debt or financial stress is not a holiday. Follow ... look seriously at your expenses. What expenses can you cut back ...

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Trash to treasure: planning a garage sale

... your sales and minimising your stress. Plan and prepare A good ... ... your sales and minimising your stress. Plan and prepare A good ... items on consignment. Don't pre-judge what other people will want to ...

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More people using Google for debt help

... us with important insights into what people are thinking about. It's ... ... us with important insights into what people are thinking about. It's ... ever to help reduce financial stress in Australian communities. Google's findings ...

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Christmas is coming… like Christmas!

... which, for many people, heralds stress not angels. But for MyBudget ... of our consultants and check what you have budgeted for … Continue ... which, for many people, heralds stress not angels. But for MyBudget ... after Christmas. Wait to see what Santa brings you! Resist advertising ...

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Turbo boost your budget

Do you need to boost your budget in a big way? I usually focus on small budget changes that add up into big savings over time. But sometimes small changes aren't enough ... less rent or a smaller mortgage could save you thousands a ...

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Tax tips (or how to stay in the ATO’s good books)

It's that time of the year-tax season. H&R Block is again offering MyBudget clients a 10% discount on tax return services and inviting you to email your tax questions ... part of home office expenses: mortgage or interest costs; rates and ...

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Mobile phone bills that bite

In the context of the ongoing Vodafone shambles, I thought it was a fitting time to talk about mobile telephone bills. We see a lot of people at MyBudget, especially ... on “serious” bills, such as mortgage instalments and credit card repayments. ...

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How to choose the right insurance for you

"This article first appeared in 'Samara Magazine', and online magazine for women interested in business and entrepreneurship. Please note that this information is general ... , disability and income protection insurance. What would happen to your family ... your home or have a mortgage? Recent natural disasters have highlighted ...

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Challenge your spending habits

The Aussie credit card bill has reached nearly $50 billion. Much of this debt has been racked up buying consumer goods that go to waste. In a 2004 study, the Australia ... on an average Australian home mortgage. Total wasteful consumption amounts to ... new and more. This is what feeds the never-ending desire to ...

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Home Loans

... Loans can help borrowers secure mortgage finance who do not fit ... of it as specialist lenders. What does it cost to use ...

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Home Loans

... Loans can help borrowers secure mortgage finance who do not fit ... of it as specialist lenders. What does it cost to use ...

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Hidden costs of buying a home (infographic)

Using the national median residential dwelling price of $576,100, we explore the costs of buying a home. What are the hidden extras you need to budget for? ... costs of buying a home. What are the hidden extras you ... the average home price. Lender's Mortgage Insurance (LMI) is another big ...

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5 expenses to review once a year

The end of the financial year is a good time to review your household's biggest expenses. Do it once a year and you could save hundreds of dollars. ... least one competitor to see what incentives they'll offer you to ... money. If you have a mortgage, talk to a broker or ...

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Savings: how much is enough?

As people take control of their finances and their savings start to grow, they often ask us how much they should keep in their emergency fund. There's no hard and fast ... term deposit, pay down your mortgage faster, take a well-deserved holiday ... by your priorities and by, what financial advisors call, your risk ...

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On the fast track to savings

Tony and his wife, Rhonda, are both in their forties. They've been married for 25 years and have a 17 year old daughter, Alexandra. Tony works as a customer service manager ... and Rhonda have an affordable mortgage and a small amount of ... the most important question is: What are Tony, Rhonda and Alexandra ...

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Blessings beyond money

Ros and John's situation has touched all of us at MyBudget. The couple approached us after John suffered a medical emergency that sent their lives careening in a new ... bills, rehabilitation costs and the mortgage on their house. MyBudget was ... because he feels guilty about what has happened. Sometimes I haven't ...

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Financial freedom through personal budgeting

Financial freedom - what does it mean? How much ... in the bank? A million? What's the benchmark? How will you ... ... mortgage to pay for the development of MyBudget's custom software. That's what ... whenever they come to town. What does financial freedom look like ...

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Tricky tax questions

... Time to wonder what you can claim and what you can't. We ... ... any of your rent or mortgage. Q. My job requires that ... earning activities. Q: What are the tax deadlines? What happens if I ...

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The 7 Habits of Great Savers

Are you a great saver? If you have any money at all in the bank, you're off to a great start. Nearly one-in-seven Australians, equivalent to a staggering 2.6 million ... make you vulnerable to financial stress. When unexpected bills come up ...

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Handbag from hell

When it comes to personal finance, I thought I'd seen everything then came this… The iBag is a handbag designed to control spending. According to its makers, it ... card bill and terrible financial stress. She refinanced her home twice ...

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Lookin' good on a budget

I'm as guilty as the next girl for taking an interest in beauty and fashion trends. This used to be a topic that only affected women, but I find that more and more men ... fashion spending is causing you stress or coming at the cost ...

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Budgeting tips for March madness

March is a party month across Australia. In Adelaide, we have the Adelaide Fringe, Adelaide Festival, Clipsal 500 and WOMADelaide, not to mention a myriad of spin-off ... could save you money and stress. If you must take a ...

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Win a $300 shopping spree… Just like Ari did!

Did you know that over one-quarter of new MyBudget clients come from referrals from existing clients? Pictured here is the winner of our most recent 'Refer a Friend' ... reduce their debt and financial stress. Hurry! Prizes are awarded four ...

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Win a $300 shopping spree… Just like Tanya did!

Did you know that over one-quarter of new MyBudget clients come from referrals from existing clients? Pictured here is the winner of our most recent 'Refer a Friend' ... reduce their debt and financial stress. Hurry! Prizes are awarded four ...

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Win a $300 shopping spree

Did you know that over one-quarter of new MyBudget clients come from referrals from existing clients? Pictured here is the winner of our most recent 'Refer a Friend' ... reduce their debt and financial stress. Hurry! Prizes are awarded four ...

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Twenty last-minute budget Christmas gifts

If you're scratching your head for last minute Christmas gifts, here are 20 thoughtful ideas that'll spread oodles of Christmas cheer without spreading you thin: 1. Child ... forward to reducing more financial stress in the community throughout 2010 ...

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Win a $300 shopping spree

Did you know that over one-quarter of new MyBudget clients come from referrals from existing clients? The most recent winners of our 'Refer a Friend' competition are ... reduce their debt and financial stress.

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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 ... and foremost to eliminate financial stress in the community. MyBudget is ... Kingdom. We can only imagine what the next ten years has ...

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Mortgages going down faster but first-home buyers struggling

A new report has found that Australians are paying down their mortgages faster. A quarter of Australians own their home outright, compared with 16 percent in 2007 ... Australians are paying down their mortgages faster. A quarter of Australians ... Australians are paying off their mortgages. But unfortunately it's not all ...

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13 weeks to the silly season. Here's your Christmas checklist.

Can you believe it? It's only 13 weeks to Christmas, one of the most expensive times of the year. But the more planning you do now, the more affordable - and less stressful ... cars or hotels very soon. What about Muttley and Felix? Lots ... Even better, save money and stress by asking people to bring ...

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Frugal flyer road test: AirAsia

Welcome to MyBudget's "frugal flyer program!" Over the coming months, we're going to road test a series of budget airlines and see how they compare. This week we're starting ... fare, it does add some stress because you don't know if ... first groups to check in. What was your overall impression? Staff ...

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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-you can't achieve it without discipline ... will go to your debts? What about savings? You might be ... the leading cause of financial stress. Try this challenge: for one ...

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Understanding homelessness

Back in June, I spent a cold night sleeping on a thin piece of cardboard on the street. The weather was wintry, with a frigid breeze and light rain. I was lucky-I found ... gain a better understanding of what thousands of homeless people experience ... our mission to reduce financial stress in the community.

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Understanding insolvency (bankruptcy and Part IX debt agreements)

Personal insolvency has been rising in recent years as more people struggle with increasing amounts of unsecured debt. Personal loans, credit cards and mobile phone bills ... through alternative debt solutions. But what if bankruptcy or a Part ... insolvency specialists can relieve your stress and worry by liaising with ...

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Your chance to go shopping on us!

Our most recent Refer-A-Friend competition winner is Jack from Melbourne. Jack joined MyBudget at the start of the year, but he's already so delighted that he's started ... reduce their debt and financial stress. Hurry! Prizes are awarded four ... pleasure meeting you. You made what I thought would be a ...

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Pet insurance: Is it worth it?

Pet insurance is becoming increasingly popular, but is it worth it? In this blog, we look at the pros and cons and explain how pet insurance works. It was a Sunday and ... the first 24 hours alone. What's more, animal treatments and diagnostic ... protect yourself from vet bill stress. Insurance, after all, is a ...

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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 ... long-term view that demonstrates exactly what you'll achieve over the next ... of leading causes of financial stress because they make overspending way ...

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Countdown to Christmas: 13 weeks!

Psst! It's only 13 weeks until Christmas! Get yourself prepared for one of the most expensive times of the year with our handy budget checklist. For MyBudget clients ... work. Start approaching employers now. What's cooking? Now is the time ... Even better, save money and stress by asking people to bring ...

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Is peer pressure keeping you poor?

This article appears in issue 4 of Samara Magazine, a free online magazine for women business owners and entrepreneurs. Helping people to succeed and achieve their life ... of putting yourself under financial stress. In the early days of ... resist peer pressure by defining what success and happiness looks like ...

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The voice of MyBudget

When I was little I dreamt of being a singer. I even joined the Johnny Young Talent School. Fortunately - to the great relief of my family's ears - I eventually came ... every income level, no matter what their financial goals may be. ... my dream of reducing financial stress in the community is rocking ...

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Last minute Christmas tips

At MyBudget, we're approaching some of our busiest months of the year. The New Year will bring with it hundreds of phone calls and emails every week from people asking ... the best cure for financial stress is to avoid it in ... post-Christmas sales and to see what Santa brings you. Tighten your ...

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Last minute Christmas tips

At MyBudget, we're approaching some of our busiest months of the year. The New Year will bring with it hundreds of phone calls and emails every week from people asking ... the best cure for financial stress is to avoid it in ... post-Christmas sales and to see what Santa brings you. Tighten your ...

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Blindsided by unexpected debt

Sometimes money troubles happen when you least expect them. Everything seems to be going along just fine then the car breaks down, a relationship falls apart or someone ... $8,000. “It doesn't matter what size a debt is,” Rowena ... keys to quickly reducing financial stress and the fastest way to ...

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How does Australia’s household debt stack up?

Household debt is at record levels in Australia with people going further into the red through larger mortgages and consumer credit. How do your finances stack Household debt is at record levels in Australia with people going further into the red through larger mortgages and consumer credit. How do your finances stack up? Source: Australian Bureau of Statistics

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How big is your slice of the household debt pie?

One of the ways the Australian Bureau of Statistics looks at household finances is to measure average household debt as a percentage of average household income. Over ... number of people taking out mortgages and home equity loans. In ...

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Spare room can mean spare cash

The Australian Bureau of Statistics biennial housing survey has found that in the last 15 years the average number of bedrooms in our homes has jumped from 2.9 to 3.1 ... households are struggling with their mortgages and other bills. Don’t ...

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Important changes to credit reporting: advisory bulletin

MyBudget would like to share this important update with you. Changes to privacy laws now allow credit reporting agencies to collect information about your repayment history ... as far as December 2012. What is Repayment History Information? Repayment ... cards, store cards, charge cards, mortgages personal loans, and similar products. ...

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Turn quick shopping into smart shopping to save money

The Advertiser reported that people are replacing once-a-week grocery shopping trips with smaller, more frequent supermarket visits. Busy lifestyles and longer supermarket ... if you're hungry, tired, rushed, stressed (or all of the above ... fridge and pantry to see what you really need, buy in ...

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Dangers of going guarantor

I was recently looking at the case of a MyBudget client, a couple aged 65 and 72 years old, respectively. At a time in their life when they should be looking forward ... In most cases, a guarantor mortgages their home or other real ... ? Contemplate the worst case scenario: What will happen if the borrower ...

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5 tips that make starting a budget easier

The New Financial Year is here and you've decided to get financially fit. Great work! But I know from experience that the structure of budgeting can take some getting ... person and most people know what their specific triggers are. Some ...

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Introducing the new Official MyBudget App

We're excited to announce that the Official MyBudget App for clients has been rated 4.7 out of a possible 5 stars since being launched last month. The app has the same ... so and let us know what you think. We've appreciated your ...

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Christmas spirit is free (video blog)

This month's video blog is all about celebrating an affordable Christmas and taking time to reflect on your achievements in 2015. Make sure you give yourself credit for ... , positive step and deserves congratulations. What an exciting year 2016 promises ...

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