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    For services, always get 3 quotes minimum. We shop around for the best price on TV’s, cars, and other products but seldom get enough quotes and trades and services. It is important to get at least 3 quotes so that you can compare the market. You might not make your decision based on price,…

When embarking on a large financial project such as building a new house, renovating your existing house or starting a business, it is important to have a budget. Without a budget, it is easy to spend beyond your means, resulting in unintentional debt. This can affect your financial standing and quality of life for many…

Saver Plus is Australia’s award-winning free financial education and matched savings program. The program supports families and individuals on a tight budget to develop lasting savings habits through financial education. They also put $500 towards your children’s education but matching your own savings up to $500. Saver Plus is a partnership between The Brotherhood of…

Should you save your money or invest it. The answer comes from the question;   Do you have enough cash to cover 6 months of expenses in case of income loss? – Save Do you need money that you can access quickly that you don’t currently have to do things like travel or buy a car?…

When investing or borrowing, the promise of crazy returns or interest rates significantly lower than the competition is most likely a lie. The promise of crazy returns will often result in the loss of your investment and exceptionally low-interest rates usually come with hidden fees. There is no free lunch. Implementation and cost Stay away…

Instead of trusting your money to others, gain financial independence and control by educating yourself on personal finance. Implementation and cost Read books and listing to advice from experts in the field. Start with these personal finance resources: Barefoot investor Money Smart Personal Finance

Investing, although riskier than cash, can create wealth over the long term with a strategic investment plan. Implementation and Cost Calculate your net worth using a net worth calculator. Figure out your short-term, medium, and long-term financial goals (e.g., retiring with a $1000,000 investment portfolio). Understand the risks of investment and consider your risk tolerance.…

Many of us have credit card debts that we never seem to pay off. We intend to borrow the money for short term purchases but, the debt grows until the principal becomes long-term debt. We are far better off having long term debt in our mortgage as the interest rate is often significantly lower. Implementation…