Unemployment and Low Savings Driving Greater Sydney “Shadow Pandemic” of Financial Stress
A recent poll conducted by Savvy of 1002 Greater Sydney residents living in COVID-19 lockdown restrictions shows a “shadow pandemic” of financial stress plaguing Greater Sydney, driven by unemployment, underemployment, and rapidly depleting savings – 10% of respondents saying they have $1,000 or less in savings, 9% have $500 or less, while 8% stated they […]
High Interest Savings Accounts
Saving up can be difficult to do effectively, so finding the right framework to allow you to do so is the first big step in the process. One such method is by opening a high interest savings account, which is a great way for users to save up their funds and earn extra money in […]
Transaction Accounts vs Savings Accounts
Savings and transaction accounts are designed for two different purposes, but in a world of online banking it can sometimes be hard to distinguish the differences between the two. The easiset way to think of it is with the name. Transaction means incurring an expense, it’s where you spend your money. Savings account is where […]
Joint Savings Account
Opening a joint savings account with a significant other is a big step in any relationship. A joint savings account can be a great way of hitting your savings goal with your partner or another close person in your life. Just as you would when buying a car or a house with your partner, it’s […]
Kids Savings Accounts
Finding the perfect savings account for your child can be the first step they take into the world of managing their finances. Setting them up with an effective account by the time they reach adulthood and are ready for financial independence can give them the leg-up that many young Australians are looking for. Read more […]
Income Gross Up Calculator
Calculate your grossed-up income Gross income is what you earn before tax and any other deductions are made. If you’re unsure what your gross salary is and need to know, you can crunch the numbers using this handy income gross up calculator. How to use the income gross up calculator Using the income gross up […]
Savings Calculator
When it comes to your savings, there’s no doubt that discipline pays dividends. Sticking to your routine and depositing as much as you can into your savings account will help you grow your nest egg. Using a calculator can be an effective way of showing you just how much you can earn in interest across […]