Smart Spending in Brisbane, Queensland, Australia | Financial service

Smart Spending

Locality: Brisbane, Queensland, Australia

Phone: +61 432 932 154

Address: Brisbane, Australia Brisbane, QLD, Australia

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25.01.2022 Are you currently in a situation that you want to revisit your mortgage interest rate or perhaps refinance the home loan? Have you drawn down on your superannuation and are wondering which is the best and most efficient way to use those funds? Is it the time for you to decide which debt to pay off first, the most expensive interest debt or some of your home loan? Any new debt especially Payday Lenders should be avoided at all costs as money is lent at very high interest rates and there are hefty penalties for late repayments. As a goal facilitator specialist, we offer one on one assistance to achieve the best results. We would love to be your Financial Accountability Partner. Contact us at [email protected] #smartspending

24.01.2022 Are you looking to borrow money for a home, investment or small business? Predicted interest rate cuts in November and amendments to the Responsible Lending Laws will make it easier for consumers to access loans and credit. The changes mean due diligence responsibilities for loan eligibility will move from the lender back to the borrower. It will make any application for a loan less invasive for the consumer. For any existing home loans shopping around for refinancing or fix...ing the interest rate is well worth investigating, possibly leading to significant amounts of money saved over the term of a loan. Other amendments to Responsible Lending Practices will also make positive changes to Insolvency Laws benefiting small businesses. These changes provide for an insolvency practitioner to work with a business to devise a plan to repay any growing debts, rather than engaging an administrator.The amendments aim to give business owners more control as they deal with their liabilities during the current economic times. [email protected] #smartspending See more

23.01.2022 Can you Imagine being able to live within your means and even save money? No matter what your current circumstances are Smart Spending’s focus is to help you. We provide solutions for both budgetary control and cashflow management that is tailored and personalised based on your needs and goals. As a goal facilitator we offer one on one assistance to achieve the best results. We would love to be your Financial Accountability Partner. Contact us at [email protected]

20.01.2022 Making the most of your dollars

17.01.2022 Are you an Older Australian looking for work? The Coronavirus pandemic has resulted in over 400,000 Australians aged 51 to 65 losing their employment since June. While the Government's JobMaker package is an incentive for employers to hire, it will see older Australians struggle to find work as the subsidies are only available for younger workers aged 16 to 35. Mature job applicants however have much to offer employers and may have the edge on their younger counterparts. Olde...r job seekers should make the most of transferable skills in their resume and cover letter and show how those skills transfer well to the new position. Older workers also can market their strong work ethic, well honed transferable skills, experience, reliability and being statistically less likely to take a days off The ability to mentor younger colleagues, and existing credibility with customers can also be an advantage. There is a system and process to master. Some abilities and examples to highlight in any application are, Organisational and Communication Skills ,Time Management skills, Interpersonal Skills and an ability for Prioritisation and Delegation, Problem Solving and Critical Thinking. See more

16.01.2022 Have you changed jobs a number of times in your working life? If so, have you kept track of all your super accounts that have been set up for you? If the answer is NO, then these inactive super accounts which are known as unclaimed may have been transferred to the ATO. The good news is to find out if some belong to you, go to your myGov account, access ATO online and then click on the superannuation section or call the lost super search line on 13 28 65 (with your tax file number and all previous addresses at hand). For further information contact us at [email protected] #smartspending

14.01.2022 Afterpay, PayPal Credit, ZipPay and Interest free credit cards. Are you ready for the new era of BNPL? The different payment plans and options between PayPal Credit, Afterpay and ZipPay need to be understood if the consumer is to gain the best advantage when using them. All products are interest free within the payment plan period. PayPal Credit offers a 6-month interest-free time period and monthly payments are at the discretion of the user, but the total balance needs to ...be payed in full by the end of the 6 months. Afterpay on the other hand divides the debt into 4 equal payments over 6 weeks with the first payment being due at checkout. Late fees will be charged for any missed fortnightly payment. ZipPay offers customers the flexibility to repay the debt weekly, fortnightly or Monthly. A $6 monthly fee is payable on any balance plus late payment fee if applicable. It has a spend limit of $1,000. The Free Credit Card developed by the Banking Industry has monthly fees of up to $20 dollars on any balance owing. There are no rewards or late fees, and the credit limit is capped at $3,000. This credit card has higher minimum monthly repayments allowed, there is no timeframe for the debt to be repaid and it can be used anywhere, except for cash advances. See more

12.01.2022 Are you better off after the handing down of the Budget? Personal tax cuts subject to Senate approval, business investment incentives and subsidies for companies hiring the unemployed are just some of the Morrison Government's solutions to kick start the economy and create jobs. Employers will be encouraged to hire using a wage subsidy called JobMaker. This hiring credit will be an incentive to hire younger workers worth $200 per week, for workers aged 15 to 30 and $100 per ...week for those aged 30 to 35. New employees must work at least 20 hours per week. For all Companies with annual turnover up to $5 billion an instant tax break will be available to write off the value of all investment by June 2022. Personal tax cuts will benefit 11.5 million workers. Those earning $100,000 will enjoy a tax cut worth $2,445. Lower income earners will benefit from an extension of the income tax offset up to $1,080 a year. Seperate to the tax offset workers earning between $45,000 and $90,000 will see lower tax rates worth $1,080. A cash payment of $250 in December and further $250 in March will be given to Age Pensioners. [email protected] #smartspending See more

12.01.2022 Have you taken advantage of the home loan freeze? The six months freeze period is almost coming to an end. The Australian Banking Association has announced that a four-month extension would be available to customers who genuinely need more support. Any extension is not automatic and will be granted on a case by case basis mutually agreed upon between the bank and home loan customer. If possible the best outcome for home loan customers is to start repaying their loan as soon ...as possible as interest on your mortgage continues to accrue and is added on to your home loan balance. Some strategies to consider rather than extend the freeze for a further four months would be to extend the term of the loan or to change your loan to interest only for the time being. Other choices are to change your mortgage to a fixed interest home loan or to possibly refinance as competition between banks is strong at the moment. Shopping around for a better deal may save considerable amounts of money over the term of a loan. For further information contact us on [email protected] #smartspending See more

11.01.2022 Are you preparing this year's tax return for lodgement? It may be time to investigate and revisit your usual deductions to maximise your claim. Do you have a rental property with tenants paying reduced rent or have deferred their rental payments? Some landlords may have vacant or hard to rent properties. If this is the case you can still claim the interest on your loan as a deduction, even if you have deferred your own loan repayments. Some landlords although experiencing ...these scenarios may also be very successful with other investments and making excellent profits for the year. If this is the case, then a reduction in taxable income may be achieved by pre-paying up to twelve months of interest on any rental property loans. This can be done in advance but must be paid before the end of the financial year. In the last year have you sold long held under performing shares or managed funds? You may be able to use the capital loss to offset capital gains from high performing shares. Business investments instant asset write-off eligibility has now been increased for the period between March and December 2020. Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year it is first used. The threshold has now been raised from $30,000 up to $150,000. For further information email us to [email protected] See more

10.01.2022 Afterpay has exploded its use in Australia. According to 60% of users, they buy goods and clothing that normally cannot afford to purchase. Unlike a credit card, Afterpay doesn’t charge interest on purchase, but it makes 24% of its profit from users that either cannot pay on time or miss a payment, altogether. When signing up, Afterpay gives users the option of linking either a debit or credit card to their account. If you choose to link a credit card and you’re not paying... off the balance in full during the interest-free period, you’ll start to pay interest which adds to the cost of the purchase. When a refund is required, then Afterpay suggests users to contact the merchant or retailer who they made the purchase from as the refund will need to pass from the merchant to Afterpay and then on to the buyer. For the savvy customer Afterpay has many advantages however those advantages can disappear without spending limits or budget monitoring. For further information contact us on [email protected] #smartspending See more

09.01.2022 The more you earn the more you spend. The key to financial success is to control your money and not let the money control you. Extra funds usually go towards paying off bills and credit cards. The role of a financial accountability partner is to support you and help you recalibrate especially when you stumble. Smart Spending can be your facilitator with our tailored individual solutions. Contact us at [email protected]

06.01.2022 Are you planning how to save money in the New Normal? Some strategies to consider could be reviewing subscriptions for Netflix, Stan, Foxtel and many others. The fees for some of these subscriptions are small, however added together every month can be expensive. Another area for review is the insurances you might have only glanced at when the renewals rolled around, then paid the bill only to forget about it until next year. Comparing home insurance premiums every year is ...the best way to see if you could be getting a better deal. You could also benefit from any new sign up incentives. With Car Insurance always consider your driver profile when obtaining premium quotes. Your car usage may well have changed in recent times. Another option to save money on your car insurance is increasing your excess, taking off extras and limiting the insured drivers. As the saying goes A Dollar Saved is a Dollar Earned. For further information contact us on [email protected] #smartspending See more

05.01.2022 Are you looking to purchase a Property in 2020-22? 2020 has been a year of dire predictions relating to property values for the future. Now however most experts have changed their minds and softened their forecasts. Australia has survived the pandemic better than many countries and despite a recession, rising unemployment, and Victoria’s severe lockdown Australian property markets have remained resilient. Interest rates are at historic lows with the latest 0.15% rate drop by ...the Rareserve Bank making it easier for most Australians to keep up their mortgage payments. Banks have also given homeowners and investors who are struggling financially a lifeline allowing deferral of loan repayments or movement of their loan to interest only. Commonwealth Government changes to restrictive lending rules in 2020 now give more people easier access to credit enabling them to borrow more and get into the realestate market. The Government's focus on job creation and economic stimulus is aimed at promoting consumer confidence, stronger demand in the housing market and investment. The positive outcome is, for those who have a secure job and have their finances under control this could be the best opportunity to get into the property market ahead of any property price rises for the 2021-22 period. [email protected]. #SmartSpending See more

02.01.2022 If you are a home owner with a mortgage do you believe that your lender has given you the best deal for your home loan? We encourage you to shop around and compare interest rates or ask your lender for a discount. Reviewing your loan on a regular basis and asking your lender for a better deal is a strategy for saving money. Loyalty can cost dollars. A refinanced loan the size of $300,000, could save $1,275 in interest repayments in the first year if a new loan rate was availa...ble. Banks are offering in some cases 26 basis points lower on average over existing home loans to new borrowers. Even a small reduction in interest can potentially save thousands of dollars over the life of the loan. Switching to another lender, to get the best deal available should be a strong consideration during the lifetime of any loan. Shop around when looking for a home loan and negotiate with lenders. While discounts aren’t always available, if you are willing to ask for a competitive rate then there could be the possibly of obtaining an additional discount.