Breaking a Term Deposit (How to Do It with Care)

Breaking a Term Deposit

Term deposits are a secure and low-risk investment option, but life can throw unexpected curveballs that may require you to break your term deposit prematurely. In this FinPlan article, we’ll guide you through the process of breaking a term deposit, explain the potential consequences, and offer alternatives to minimize financial losses. Understanding Term Deposits and …

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Reverse Budgeting (Pay Yourself First)

Reverse Budgeting

Budgeting can be a puzzle, and understanding the concept of “paying yourself first” can make all the difference in achieving your financial goals. In this FinPlan article, we’ll explain reverse budgeting, or “paying yourself first,” and clarify how it differs from saving what’s left of your income. Let’s unravel the mystery of this transformative approach …

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50/30/20 Budget is Your Path to Financial Balance

50 30 20 Budget

The 50/30/20 budgeting method is a simple and effective way to manage your finances, providing a clear framework for allocating your income into three categories: needs, wants, and savings. In this article, we’ll walk you through the 50/30/20 budget and offer an example tailored to a single person living in Cairns, Australia, with a monthly …

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Budgeting 101: A Roadmap to Financial Success

Budgeting 101

Budgeting is the foundation of sound financial management. It empowers you to take control of your money, achieve your financial goals, and gain peace of mind. In this Budgeting 101 lecture, we’ll explore the principles of budgeting and provide a practical guide for getting started on a monthly budget, assuming an income of $5,000 per …

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8 Make-or-Break Skills You Need (Mastering Money Management)

Mastering Money

Effective money management is a cornerstone of financial success. Whether you’re striving to build wealth, save for retirement, or achieve specific financial goals, mastering money management skills is a must. In this article, we’ll explore eight key skills that can help you take control of your finances and secure your financial future. 1. Budgeting Budgeting …

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10 Easy Money Stress Reduction Methods

Money stress is a common issue that many of us face at some point in our lives. Whether it’s due to financial uncertainty, debt, or just the daily grind of budgeting, stress can take a toll on our overall well-being. The good news is that there are practical and easy ways to reduce money-related stress. …

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Mental Exercises for a Stronger Personal Finance Mindset

Achieving a strong and healthy financial condition isn’t just about dollars and cents; it’s also about the right mindset. Your mental attitude can significantly impact your financial choices and, ultimately, your success in managing your money. If you’re looking to improve your personal finance condition, consider these mental exercises to get into the right headspace. …

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