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New Year Resolutions

NEW YEAR RESOLUTIONS Was 2011 a bad round? Here's how to roll through 2012 in better financial shape. "I WANT TO GET OUT OF CREDIT CARD DEBT" LIVE DEBT FREE Is your debt only small? The ANZ Platinum card has a balance transfer offer of 0% for 6 months, plus $0 annual fee in the first year. VISA Do you have a heap of debt? Both St George and Bank of Melbourne's Vertigo cards have 0.99% on balance transfers for 12 months. On a balance of $5000 this could save you close to $500 $0 IFALL ELSE FAILS... If you have more than $5,000 of debt, you can declare bankruptcy. But be aware that you'll lose most of your assets and you'll have to repay once your income reaches a certain level. "THIS YEAR, I'M BUYING MY DREAM HOME" LIVE THE DREAM Buying your first home? Check out the brand new Online Home Loan from Bankwest It doesn't have all the bells and 999 whistles, but it is absolutely fee free and has an awesome low comparison rate of 6.29% p.a. bankwest Investing, expanding or refinancing? Refinancing from a $300k loan with CommBank to the 6.14% UHomeLoan from UBank could 6.14% Bank save you $92,183 in interest and fees plus help you pay off the loan 3 years quicker!!? backed by nab IFALL ELSE FAILS... Live rent free by squatting! While you risk trespassing and criminal damage charges, you can only be evicted by the owner of the property. Also, if you don't get evicted in 12 years, you may be able to claim ownership of the vacant property! "STUFF SAVING! THIS YEAR I SPEND IT ALL.." LIVE IN THE FAST LANE Gonna spend up? If you spend $60k on the Citibank Emirates Platinum Card this year, you'll earn yourself a cit one-way flight to London on Emirates for your trouble - worth $1.500 Fancy a brand new car? $229 The current best rate car loan on the market is the Drive On loan from Community CPS. Fixed Community CPS Australa at 7.95% with a comparison rate of 8.16% p.a. IF ALL ELSE FAILS... Live in the fast lane by stealing a car for a joyride! While you may risk having your license suspended, a large fine or even 5 years imprisonment (NSW), you won't have to worry about insurance and fuel bills! "I JUST WANT TO BE FILTHY RICH!" GROW YOUR STASH Less risk, slower returns If you have over $10,000 to play with and if you are happy to lock your cash away, a long-term Macquarie Term Deposit can bank you 6.25% MACOUARE More risk, faster returns Even if you're not a fan of pinstripes, entering the share trading world is pretty easy nowadays. On Mozo, we've just added a share trading section to help you compare fees and options. 6.25% IF ALL ELSE FAILS. Boost your stash by evading tax! Be smart and sneaky about it though, otherwise you could be forced to repay all your tax with interest, as well as facing fines and even imprisonment. 1. Balance of $5000 transferred from a card with annual fee of $65 and rate mozo. of 17% paid off in monthly installments of $500 2. Based on a loan amount of $300,000 with monthly repayments of $2500 compared to CBA Standard Variable home loan your money info zone Rates and information correct as of 24/1/2012 JAIL

New Year Resolutions

shared by mozo_au on Jan 30
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Thinking of buying that dream home this year? What about annihilating your debt for good? Don’t rely on luck to stay on top of your money matters. Roll your way to financial health in 2012 with our ...

Publisher

Mozo

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Shaun Leung, Andrew Burger

Category

Lifestyle
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