Pros and cons of borrowing from family

Generally its best to avoid debt, regardless of who you are borrowing from. But if we are talking about borrowing for your house deposit, getting help from family could make it easier to get a mortgage or could make it possible, where it was not before.

Read More
Alan Borthwick
Cost of a credit card

We all know that cards have interest rates and its not difficult to work out the interest cost per month. If you have a $10,000 balance owing, on a 20% card, the interest cost will be $166 a month.

Read More
BlogAlan Borthwick
Credit cards: You don’t need one

Credit cards are debt, they are about spending money you don’t have and future you has to pick up the tab for what today you is spending.

They fool you into thinking you have more money than you do. A $10,000 limit on your credit card is not $10 000 you have, it’s just pre-approved debt.

Read More
Alan Borthwick