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LowerBills Personal Finance Blog

In the section below you can read articles on Australian personal finance - from tips on how to choose the best credit cards, home loan comparison advice to personal loan and bank account tips; plus the latest Australian personal finance news that affects you.

 

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Category Archives: Balance Transfer

Personal Finance Tips – How To Save Money By Paying Bills!

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Personal Finance

Get lower bills by following our personal finance tips

Yes, you read that right. You CAN save money by paying bills!

There are personal finance strategies you can use to minimise bill payments and avoid fees, thereby saving you valuable dollars that you can put toward something else.

It takes a little organisation and discipline, but not much more than that.

Prioritise Payments

Crucial to keeping payments down is to prioritise your debts; pay the most important and the most expensive debts first – these are likely to be associated with your home loan, utility bill, car loan and credit card.

Get Organised

Get a filing system in place for bills; label everything so that you know where it is and make sure you know exactly what the PAID bills are and what is OUTSTANDING. A simple system that you and other members of the household understand can make the difference between paying bills on time and being late. Continue reading →

How To Get The Most From Credit Card Interest Free Periods

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Balance Transfer

Smart shoppers use their credit card interest free periods

Credit card interest free periods – when placed in the hands of someone who tracks their finances – are pure GOLD!

In Australia many credit cards offer up to 55 interest-free days on purchases. Sounds great doesn’t it? You can go wild and not have to pay anything back for almost 2 months – and then without interest!

What’s the Catch?

There is no “catch” if you clear your balance every month. That’s a big “if” for many Aussies.

When you see “up to 55 interest-free days” bear in mind the following, which is usually only made clear in the terms and conditions: Continue reading →

Tips For Paying Off Your New Year Credit Card Debt

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Australian households

A familiar scene in many Australian households?

Credit card debt in Australia reached record highs in November 2011 and the Christmas spending frenzy has made the situation worse for many families.

Figures recently released by the Australian Prudential Regulation Authority show that credit card debt topped $40 billion for the first time ever, in November last year.

Then other figures released by the Reserve Bank of Australia/Canstar may be pleasing to retailers but will be a cause of concern for many Australian families: in the month of December, over $18 billion worth of goods and services were purchased on credit cards. Continue reading →

6 Boxes to Tick with Balance Transfer Credit Card Deals

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Balance transfer credit card deals can help you get yourself out of debt ….or they can land you further up to your neck in the quicksand!

If you’re paying high interest rates on a credit card balance there are many offers that entice you to come over to a new card with a low or 0% balance transfer for an introductory period. Like I said, this can get in the clear if you manage it well, or it could just make matters worse.

Following are some of the boxes you will need to tick before going ahead with one of the many “great” deals you’ll come across out there. Continue reading →

5 Tough Questions To Ask Your Zero Percent Balance Transfer Credit Card

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Credit Card companies ask some tough questions of you before approving your application; you should ask the same of the credit cards before committing!

balance transfer credit cardAustralians may be able to save money if they are mired in high-interest debt, by transferring the debt(s) over to a credit card specifically designed for the purpose of consolidating debts. If you scan through the deals online you’ll see plenty of low interest or even 0% percent balance transfer credit card options. Attractive as these are, there is some strong “Jack Bauer” interrogation tactics you should use on the credit card and your own spending habits before signing any paperwork! Continue reading →

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