Posted in First Home Buyers

5 simple steps to budgeting for your next property You've probably already noticed that working out how much you should spend on a property, rather than how much you could spend is a smart approach to money management. Before deciding on where you want to buy, or even what type of property you're after, it's best to think about exactly how much you should spend. And, to help work that out, here are five easy but vital considerations to make when calculating your propert...

Here's what you need to know about saving for a home loan deposit in 2016. We get it, home affordability for first home buyers in particular continues to be a major issue, especially in Melbourne and Sydney. For example, Melbourne's median house price is $713,000, according to Real Estate Institute of Victoria data for the March quarter 2016. While Sydney's median sits just shy of $1 million. What's more, you have probably noticed lenders have introduced stricte...

Have you ever wondered why you manage money the way you do? Do you like to view your growing bank balance on your mobile app? Perhaps you are a compulsive shopaholic showing little attention to how you will survive in the future? You may think that your money behaviour comes from your parents, but research is proving our habits aren't just based on our money lessons learnt as kids. Experts are revealing that brain chemistry plays a big role in your finance habits. The J...

There are many ways to declare your commitment to someone, but does marriage really mean you should also join bank accounts? You've said 'I do', dipped your toes in the turquoise waters of a tropical island somewhere, and now you're wondering if the smart money move is to join bank accounts with your newly-wed, right? After all, you are planning to start a family soon. But, before you call the bank, it's best to make sure you're both on the same financia...

If affording to take time off work when your baby arrives is important to you, read on. Your new bub may be a tiny tot, but she sure can cost you. Which is why taking these three steps before you move to one wage can make all the difference to your lifestyle as your family grows. 1. BUDGET FOR BABY
Like starting a family, moving to a budget can seem daunting to begin with, but once you get used to it, it will quickly become routine. Use FinancePath's Your Smart Money Tool...