Lower interest rates Personal loans often have lower interest rates than other lending methods, such as credit cards. If you make a major purchase using funds from a personal loan, you may pay less in interest charges. Scheduled repayments Similarly to a home loan, a personal loan is repaid in a series of repayments, made over a pre-set term. Th...

At the 1st October 2019 RBA Board Meeting, the Reserve Bank of Australia elected to cut cash rates by 0.25%. In line with TMCU policy, the Board of Directors will meet on 30th October to consider Transport Mutual’s response to the cash rate adjustment. The results will be announced on the TMCU website and Facebook page at the conclusion of the meet...

Whether you are a first home buyer or potential investor, saving for a home deposit isn’t easy. It requires some money know-how and tonnes of saving, but with the right tips and tricks, you can fast-track your way to putting some cash down on your next property sooner.  What is a home deposit? A home deposit refers to the initial contribution you...

No need to feel overwhelmed when choosing a car loan; just follow our simple guide to find one that's right for you. If you’ve started searching for a car loan, no doubt you've been faced with words like "redraw", "unsecured" or "variable rate". You could be servicing your loan for some time, so it's important to understand the different options a...

While there’s a great deal of value to be found in traditional wisdom around money and finances, at least some of the advice that gets passed down contains more myth than reality.   Here are four popular money myths that may surprise you: Myth 1 – All debt is bad debt While it’s true that out of control debts can cause real problems for a househ...

Want to cut the costs of your grocery shopping and actually save money? Here are 10 great ideas for reducing the cost of feeding the family and outsmarting supermarket marketing traps. Plan before you shop Planning doesn’t have to be a time-consuming process. Paint a kitchen wall with blackboard paint and make keeping a list more fun for the fami...

Our Travel Tips Check the latest travel advice on SmartTraveller.gov.au & Subscribe to receive updates or follow SmartTraveller on social media. Take out comprehensive travel insurance. Ensure it covers you for the places you'll visit, things you'll do and any pre-existing conditions. Review your financial arrangements. Do you need finance...

Moving house can be a stressful time requiring careful planning and preparation leading up to moving day. Our easy to follow checklist will guide you through some of the common things to do before you close that front door for the last time and keep your stress levels down. Let the right people know Update your mailing address and arrange a mai...

 Like most habits, learning to be money-savvy is most beneficial when you start young.  Here are five easy ways to start saving money that your future self will thank you for.  Track your spending Study your bank statements and go through your direct debits and cancel any unused subscriptions/memberships. For one month write down every single ...