Women are awesome, and yet…

Women with CentsBlog, Budgeting, Investment, Mortgage, Superannuation, Uncategorized

Women. Are. Awesome. In case you need it, here’s proof. On top of it all, we work, cook, clean, shop, chauffeur, pay bills – often all simultaneously. You do it, I do it, together we kick some serious butt! Unfortunately, despite how awesome women are… we still tend to pass the buck on important money matters. Divorce, which is becoming … Read More

I’m a single parent, will I ever own a house?

Women with CentsBlog, Budgeting, Mortgage

Tash, I feel gypped! I built a house with an ex a few years ago, using my first home buyers grant and he ended up with the house. Now five years later I have full time job and I’m a single parent and it’s a lot harder getting a house the second time around. Do you have any tips to … Read More

We were bankrupt… can we get into property?

Women with CentsBlog, Debt, Investment, Mortgage

Hi Tash, we are one year out of bankruptcy and currently renting. We are in our late 30’s with three young children and have come to the conclusion it may be some time before we can purchase our own home.  We are consistently saving $1K per month. I’ve come up with a plan to purchase a unit (if we can … Read More

To buy or not to buy? That is the question…

Women with CentsBlog, Investment, Mortgage

If you’re looking at purchasing your first home (or contemplating a sea change), you should factor in the costs of buying and selling. There are solicitor’s fees, stamp duty and other incidentals that pop up through the buying and selling process, and if you plan to move again in a couple of years then buying might turn out to be … Read More

Should we take on more debt now to be better off later? 

Women with CentsBlog, Debt, Investment, Mortgage

This week I’m answering a community question from a fellow Women with Cents looking to take on some additional debt… My partner and I both have one investment property each which we are paying principal and interest on, and have separate bank accounts, with all our savings in our offset accounts. As they are relatively new loans, both properties are … Read More

A lot of us have them but what do we know about how they work?

Women with CentsBlog, Mortgage

A lot of us have them, but do we know how they work, what they’re for and when they’re useful? I’m talking about offset accounts. Often offered by your bank, or talked about at BBQs, but not always fully understood. So, this week we’ll get every question you ever had about offsets cleared up once and for all! What is … Read More

Fixed or variable? Pass me the crystal ball….

Women with CentsBlog, Mortgage

You’ve probably heard that we are in an unprecedented market in Australia’s history when it comes to interest rates. Why? Well, rates in the early 90s were at over 15%. Today, the interest rate set by the Reserve Bank of Australia is at 1.50% – which is a record low, and there isn’t a lot of room to go down … Read More

Help I want to retire but still have a mortgate

Women with CentsBlog, Mortgage

“I’ve only got 12 years left of work before retirement, and I still owe $180,000 on my mortgage. I work as a nurse and for health reasons I’ve just had to cut back my hours from 76 to 46 a fortnight. I only have $50,000 in super as I was only working full time for 7 years. I feel my … Read More

Should I use my savings to renovate my home?

Women with CentsBlog, Mortgage

Today’s question comes straight from our community and I’ll be discussing the best way to fund your renovations! “My question is around re-mortgaging for renovations. Besides my mortgage I live debt free. I have a healthy amount of savings that I placed on my mortgage to bring down interest. If my renovation is to cost $50-$70k, am I better off … Read More

Should I buy now or save a larger deposit?

Women with CentsBlog, Mortgage

Ok ladies, this week we tackle the eternal property dilemma: “I’m a single mum to a six year old and I am hoping to have a house deposit together early next year, but I am not sure whether I am better off saving a larger deposit or just getting into the market as soon as I can. What do you … Read More