Australian children are receiving an average of $750 in pocket money annually, according to a new study by ING. This amount is less than what previous generations received. Parents are giving this money to help instil good saving habits in their children. ING encourages parents to share their own money experiences with their children to help them learn valuable lessons.
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Would you take on a 40-year mortgage? One in three Aussies would
New research suggests that one in three Australians would consider taking on a 40-year mortgage to reduce their monthly repayments, despite experts warning that this could lead to hundreds of thousands more in interest costs. While only four lenders in Australia offer 40-year loans, these options are primarily targeted towards first-home buyers. Although extending the loan term may lower monthly repayments, it could significantly increase the overall cost of the mortgage, with Finder's head of...
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