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5 ways you can absorb interest rate rises
5 ways you can absorb interest rate rises
Another month, another RBA cash rate hike.
If you’re having a little trouble hanging in there, here are 5 suggestions to help you alleviate some pressure on the household budget
1. Build up a buffer: if you can, start putting extra money into an offset account, redraw facility, or savings account.
2. Reduce expenses: entertainment subscriptions, take-away coffees and takeaway food all add up each month.
3. Shop around: you can usually find a better deal on car, home and pet insurance, utilities, and your phone and internet bill.
4. Refinance: if you haven’t refinanced in a while, you could get a better rate on your home loan.
5. Speak to us: everybody’s situation is different. We can help you work out a specific plan moving forward.
To find out more, DM me or contact Mpowered Finance on:
- 0412 481 983
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By Rebecca Mitchell5 ways you can absorb interest rate rises
Another month, another RBA cash rate hike.
If you’re having a little trouble hanging in there, here are 5 suggestions to help you alleviate some pressure on the household budget
1. Build up a buffer: if you can, start putting extra money into an offset account, redraw facility, or savings account.
2. Reduce expenses: entertainment subscriptions, take-away coffees and takeaway food all add up each month.
3. Shop around: you can usually find a better deal on car, home and pet insurance, utilities, and your phone and internet bill.
4. Refinance: if you haven’t refinanced in a while, you could get a better rate on your home loan.
5. Speak to us: everybody’s situation is different. We can help you work out a specific plan moving forward.
To find out more, DM me or contact Mpowered Finance on:
- 0412 481 983