Have you ever returned from a good vacation only to find your bank account a little worse for wear? With all good intentions you saved for a much needed vacation and as you unwind and relax you also throw caution…
Planning meals for the week
Are you the type that is so busy you basically just slap something together for dinner each night to keep the family from starvation door? Here is a simple method to help you cut back on…
Living with Debt
Most of us work or live such busy lives that we tend to lose focus on our spending until the crushing realisation stands before us that we are broke and it’s not even pay week. Louis CK an American comedian…
Is money an abstract?
I was watching a video on YouTube the other day where this fellow talks about an experiment he performed on his three children. The children loved to play monopoly and he noticed that each of them had a different strategy…
How do the rich stay rich?
Have you heard the story of the poor farmer who challenged the king to a chess match? To the king’s delight he offered the poor farmer anything if he should win. The farmer told the king that all he wished…
Debt to Service Ratio
With Australia’s household debt tripling over the past 25 years it’s no wonder there are people like us at Debt Freak.com.au trying our best to help others manage it and take control of their finances. Debt to Income Ratio (DTIR)…
How frugal are you?
I have read the stories and websites dedicated to frugal living and quite often cringe at the limits some people are willing to go in order to remove themselves from the rat race of society. Recycled toilet paper, washing laundry…
How do you overcome the urge to spend?
Have you ever made a trip to mall to pick up a few things and realise you just bought something at full price in a store you had no intentions of entering? Most of us shop (including men) because of…
Teach your children about money
Growing up as a child I don’t believe there was ever a time I became curious about money. I knew that if I needed something my parents had all the cash even though they warned me that they didn’t have…
Why does your interest rate change?
In Australia (and many other countries) the central bank known as the Reserve Bank of Australia (RBA) determines the interest rate at which it will lend money to the commercial banks. The board from the RBA meet the first Tuesday…