Buy now, huge debt later?

Is it a smart budgeting move to pay in instalments? Or the beginning of a spiral (send help!)? Or is it both? The Barefoot Investor has called it the “gateway drug” of credit, but the buy now, pay later business model is sky-rocketing in popularity in Australia. The premise is that you buy an item…

Lessons from Australia’s three comma club

Australia’s richest 200 people according to the Australian FInancial Review are worth $341.8 billion. To put it bluntly, that’s a lot of money. These are the 1% of the 1% of Australia’s richest people. About one in seven of them come from inherited wealth (think Gina Rinehart and co, the Murdochs etc). There’s not one…

The magic art of tidying up… your finances

My electricity bill doesn’t spark joy, and nor does meeting my tax accountant. Like everyone else, I recently watched Marie Kondo’s “Tidying Up” on Netflix, which got me thinking about money. Money itself doesn’t spark joy, unless perhaps you work for Macquarie Bank, but neither do some essential kitchen utensils. But what if you applied…

5 Stars! MoneyPlace takes out three awards

We’re proud to announce that we have been recognised as offering the best value personal loans, winning three consumer focused awards for our innovative risk-based product. MoneyPlace has been awarded 5 Stars for “Excellent “ product from Canstar, an Expert’s Choice award from Mozo and is a Gold Winner for the Money Magazine Cheapest Personal…

Five fast tips to cut your expenses

The end of the year is no time to muck around, but it is a time when we all need a little extra $$$. These tips are quick, easy and will save you money. 1. Turn off social media We’re all at the mercy of our phones, and Instagram is a big a culprit as…