Noel Whittaker's Blog
By Noel Whittaker
For years I have urging borrowers to get ahead in their loan repayments, not only to provide a safety buffer if interest rates rise or they suffer financial stress, but also to save a fortune in interest. I was horrified when a Commonwealth Bank client sent me an email they had received which read: “We’re …
Recent figures from the Australian Bureau of Statistics (ABS) state that only 56% of people aged 55–64 are mortgage-free, and there are fears that more and more Australians will find their retirement plans seriously challenged as they try to survive on a reduced income, with mortgage payments to boot. The problem can be solved by …
I have written before about the problems faced by retirees, who don’t have a credit card, and who are trying to get one. Often it may be a widow who is declined, because the family credit card was held in the name of the husband, often the breadwinner, with the wife having a supplementary card …
Welcome to a new year – it has certainly started off with the huge degree of volatility. Much of it is due to uncertainty about economic conditions generally thanks to Trump, Brexit, and the ongoing conflict between America and China. But as we move into 2019 with all its hope and uncertainty, remember that there …
Christmas is nearly upon us – unfortunately, it’s potentially the most dangerous and most frustrating time of the year. You can spend eleven months doing all the right things and making solid progress, and then find all your good work destroyed as the holiday season hits and you get caught up in the inevitable spiral …