Why you don’t need to own a home in your 20’s, couples fighting over money & dodging a dud deal: This week’s best banking news

• Why you don’t need to buy a house in your twenties
• Experts reveal the tips & traps of taking out a home loan
• Eharmony reveals 58% of couples fight over money
• Learn how to dodge a dud credit card deal
• The dos & don’ts of debt consolidation
• Focus on gas in the federal budget

All in this week’s best banking news recap: editor’s pick.

Why you don’t need to buy a house in your twenties

You know you’re in your mid-twenties when your Insta-feed suddenly goes from clubbing and food photos to being flooded with proposal and “just bought a house” posts.

But before you bombard your BF with engagement ring inspo pics or jump onto realestate.com, you might wanna stop and take a beat.

Even without social media, property market FOMO is a very real thing - especially when in the midst of a price boom or bust.

Read the full article: Why everyone in their 20s doesn’t need to own a home right now to find out what you should consider before jumping into the property market.

Talk to the experts before taking out a home loan

On that note, if you’ve been seriously considering purchasing a new home for a while now, then it’s super important to do your due diligence and do some research first before locking into anything.

Home loans are currently being taken out at record levels - which comes as no surprise with the flurry of low interest rates floating around at the moment. 

Whether you’re an investor looking to add to your property portfolio or you’re a first home buyer, it’s always a good idea to brush up on all the facts and take a leaf out of the experts’ books before jumping in. 

Read the full article: Expert advice on home loan tips (and traps) to brush up on the facts before taking out a mortgage.

Eharmony reveals 58% of couples fight over money

We all have our pet peeves when it comes to our partners, but according to new research, couples aren’t just sweating it over the small stuff.

Recent data from online dating website eharmony shows that money is the biggest point of conflict for a whopping 58% of Aussie couples.

Which makes sense why one in five (20%) Aussies keep their money separate from their partners’ and one in ten (14%) are going as far as to hide credit cards, personal loans and bank accounts from their partner.

Read full article: Money the biggest cause of conflict for 58% of couples, says eharmony to get the tea.

How to dodge a dud credit card deal

If you’re on the hunt for a new piece of plastic then you’ll soon find out that there are a lot (like a lot) of different options out there in the market.

This means that doing your homework to see what features you like and shopping around to find the right option for you is essential.

The first step to doing that is to know what you’re looking for (or aren’t looking for!). The second step is to make use of sites like mozo that allow you to compare credit cards for free.

Read the full article: How to see through a dud credit card deal to find out what not to look for in your next piece of plastic.

The dos & don’ts of debt consolidation

Speaking of credit cards, if you’re up to your ears in debt and looking for a way to lighten the load then you might consider taking out a debt consolidation loan.

A debt consolidation loan lets you merge all your different personal debts into one so you can then pay off the total with just one regular repayment to worry about for the life of your loan.

It also means that you’ll only be charged one interest rate for the lot, as opposed to one for each individual debt.

Read the full article: 8 dos and don’ts of debt consolidation to learn more so you can kick any lingering debt to the curb.

Focus on gas in the federal budget

Just the other week we saw a number of different changes pop up in the financial sphere following the government’s announcement of the 2021-2022 Federal Budget.

One major change came up in the energy sector with the Federal Government revealing its new $1.6 billion plan.

Over the next four years, we can expect to see a greater focus on low-emissions technologies, with $635 million being allocated to the cause.

Read the full article: Gas primary focus for the Budget, leaving renewable energy behind to find out more about how the budget will impact energy.

Looking to take out a new piece of plastic? Then start comparing with our free credit card comparison tool below: