Y.I.Finance » You're Important

Globally, all governments are trying to “wind back the debt clock”. Reducing debt requires a sensible plan, commitment to the outcome and a lot of hard work. Governments are just like individuals or businesses, they need to be careful not to over commit to debt. It has to be serviced from sustainable net income; otherwise, as is the case with Greece there may be a need to borrow more just to pay the interest. This can be the start of Read More…

As we are well past the middle of winter, there are signs that the sizzling hot residential property market is slowing. From mid-June, at the request of finance industry regulators, many lenders introduced tighter policies. In addition, higher capital requirements imposed on major banks for investment loans have led to increased interest rates. How will policy changes impact a current or prospective borrower? 1. The amount lenders are prepared to provide may be reduced. You may need to save a Read More…

Take a leaf out of the Federal Government’s book and invest time into doing or reviewing your own budget. A budget will help you: Understand your income and look for ways to increase it. Analyse your expenses and look for ways to reduce or eliminate some costs. The $2 fees for paper statements and other similar charges all add up! Go online & save a tree at the same time. Know what your surplus income is and allow you to Read More…