A few months ago Reserve Bank Governor Phillip Lowe provided four common sense points we should all keep in mind regarding borrowing to finance a home. (The Governors speech can be found here). I thought they made sense and so summarised them in a tweet to which someone replied that every checkout operator knows them. Which got me thinking that maybe many do know them, but a lot dont, otherwise Australians would never have trouble with their finances.
So I thought it would be useful to expand Governor Lowes list to cover broader financing and investment decisions we make. I have deliberately kept it simple and in many cases this draws on personal experience. I wont tell you to have a budget though because thats like telling you to su…
Read the full article at: https://www.sharecafe.com.au/2018/11/15/13-common-sense-tips-to-help-manage-your-finances/