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Of course it can…and you don’t need to do a thing. In this ever-changing economic environment, earning interest on your business savings account can be an easy way to earn a passive income. No matter the size of your company, big or small, businesses can be earning interest right now;...
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Are you saving for your dream home or building a nest egg? Staying on top of your personal finances and ensuring you can get your money working for you, including moving money into a dedicated savings account, need not be a chore. Taking advantage of automated saving programs means you...
Read more about How do I automate my savings for future success?
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You’ve done the hard work, it’s time to kick back and relax. If you’ve set up your new savings deposits to go to a savings account automatically, there is nothing left to do but stick to your goal and your plan and watch your savings grow. It’s worthwhile revisiting weeks...
Read more about Financial Fitness Challenge: Week 6 - Build your wealth
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Whether it’s to abolish debts, save for a dream holiday, school fees, higher education or plan for retirement (huh?!? No really, starting young can be beneficial in the long run, but that’s a story for another day), it’s time to plan for it. So you have dreamed it, visualised it...
Read more about Financial Fitness Challenge: Week 5 - Have a plan
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Great, so you know where your funds are coming from and where they are going. That was a huge step – go you! Let’s look a firming and toning your debt, spending and income. Debt first: When was the last time you spoke to your bank about the interest or...
Read more about Financial Fitness Challenge: Week 4 - Hit the pavement and consolidate
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For some, the answer to this question will be hard, for others it will be a breeze. If you could, what would you save for? A trip, new car, house deposit, debt reduction, further education, or school fees? Dream it, visualise it, do it. But what if your funds are...
Read more about Financial Fitness Challenge: Week 3 - Look at yourself
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Great! Welcome to week two. Were you surprised by your total annual income? Is it more or less than you expected? And did you find yourself asking “if my total wealth is $xx, then where the heck is all my incoming funds going?” Well, this week is your week of...
Read more about Financial Fitness Challenge: Week 2 - How outgoing are you?
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Recently I visited a comparison website, which allowed me to compare the interest rate paid on financial institution’s savings accounts to find the best deal. I was surprised to find I could be earning between 0.85% and a whopping 3.00%, compared to my LLL Savings Account which is currently paying...
Read more about Bonus Interest – Is it really the bonus we think?
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When choosing a savings account provider, who to trust with your money is one of the most important decisions you’ll have to make. With more than two months of lockdowns behind us, many people have been able to save some extra cash by restricting spending to the bare necessities, concerned...
Read more about Important features to consider in a personal savings account
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Keeping on top of your finances can be one of the most important things that you do for your long-term wealth. Managing your finances starts from the moment you earn your first paycheck and is prudent to be maintained throughout your career and into retirement. Even if you have been...
Read more about Quick wins to get your savings back on track
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A guide to help older people avoid abuse, scam and fraud. In November 2019, the Australian Bankers Association (ABA) released a guide and recommend that anyone over 50 years old should read it. The guide was developed by the Commonwealth Bank of Australia (CommBank) Customer Advocate, together with a large...
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Planning for retirement can be difficult. For example, when should you start saving, how much do you need, and who can help guide you, are all common questions we face as we move into middle age and our senior years. Many financial commentators say you should start planning for retirement...
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When you look at your purse or wallet, does it bulge with loyalty cards, gift cards, debit cards and credit cards? It seems that every time you sign up to a new membership or reward program these days you get another card to add to your collection of plastic. Here...
Read more about No debit card, no worries. The benefits of targeted saving.
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No need to wait… transfer your funds in near real time with Faster Payments through the New Payments Platform (NPP). The LLL is one of the first financial institutions in Australia to offer the NPP. It makes it faster and easier for people to transfer money between bank accounts online....
Read more about No need to wait - Faster Payments with the NPP
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In order to either confirm or dispel myths about millennials and home ownership, we surveyed 22 millennials about their financial situation. This is part 3 of the series. To read parts 1 and 2, click here. The average monthly loan payments for our millennials is $1960, however they range from...
Read more about Millennials and Home Ownership - servicing the loan (#3)
