Buy now, pay later service Laybuy has been thrust into turmoil after the Australian and New Zealand arms of the company were placed into Receivership on 17 June. Offering a zero-interest alternative to credit cards, Laybuy allows people to make purchases and pay back the sum over six weeks through automatic payments which remain interest … Read more
Hispanolistic | E+ | Getty Images The average 401(k) savings rate — including employee deferrals and company contributions — has maintained historic levels as plan designs make it easier for workers to set money aside. In 2023, the average combined savings rate was an estimated 11.7%, which matched a record high from 2022, according to … Read more
Have you ever thought about quitting your job if you won the lottery? Turns out you’re not the only one. Almost one in five Aussies said they plan to tell their boss “good riddance” or quit their jobs in some epic way if they won the lottery. However, the majority of people said they would … Read more
Ascentxmedia | Istock | Getty Images Savings shortfall worsens financial insecurity Many respondents to Prudential’s survey say they worry they will outlive their savings. That includes 67% of 55-year-olds; 59% of 65-year-olds and 52% of 75-year-olds. The age 55 cohort is the “most financially insecure” about their retirement readiness, Caroline Feeney, CEO of Prudential’s U.S. … Read more
This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. When Sora Lee was an undergraduate student at the University of California, Berkeley, she got what she considers to be pretty bad career advice. “‘Pursue a major that you’re passionate about,’” … Read more
Ongoing problems with the new Free Application for Federal Student Aid have delayed financial aid award letters — and have even prevented many high school seniors and their families from applying for aid at all. As of June 14, only 45% of high school graduates have completed the FAFSA, according to the National College Attainment Network. A year ago … Read more
If you’re looking to save on your favourite beauty items, you’re probably thinking of making a trip to Chemist Warehouse. However, if you’re wanting to save even more then it’s time to start purchasing from brands that offer refillable options. Chemist Warehouse employee Jess, who frequently shares the best buys and deals from Chemist Warehouse … Read more
More than $577 million is currently sitting unclaimed by Revenue NSW, with about $234 million of that designated as belonging to residents who have yet to claim it. The NSW Government returned more than $21.8 million in unclaimed funds during the last financial year, setting a record. Unclaimed funds are comprised of payments, refunds, unpresented … Read more
At age 31, I’m perhaps blessed that I’ve only have been asked to be in two weddings. Not because I don’t think weddings are fun (they are!) but because the cost associated with being in a bridal party is cripplingly high. By the time the actual nuptials roll around, I’ve run a marathon of festivities … Read more
Westpac customers can now use their Altitude Points for credit card purchases, in a first for Australian banking. The bank’s new pay with points program allows customers to use their points as money when paying with their Mastercard, without needing to go through the normal redemption process. Customers can now see their points on the … Read more
