Sunday, October 13, 2019

starting over

A new job, a return to family, better lifestyle, better weather - whatever your reason for starting over in a new town or city, the stresses of relocation remain the same. But there are some sure-fire tips for making the transition smoother, allowing you to view the move as an exciting adventure, rather than a dark leap into the unknown.

Rent free

Unless you have an in-depth knowledge of the place that you are moving to, don't rush in and buy somewhere before you move. Don't even rush in and take on a lease on a house... Treat the first couple of months of your transition as a holiday. Thanks to websites like Airbnb, short-term furnished accommodation is only a few taps away. Give yourself time to explore your new surroundings and get a feel for exactly where you want to live before your commit yourself to putting down roots. 

Get packing

To give yourself the freedom to move easily during the first months of your relocation, trust your move to professional home removers, not two men with plumbers' cracks and a dodgy old van. Travel light pack your bag as if you are going on an extended family trip, and pay the extra to have the contents of your old home professionally packed. Then organise for the removal company to have your goods put into storage at the other end. It does not cost much extra for these services; and once you have decided on your long-term home, they can come and unpack everything, stress-free. 

Price check

Outsiders moving into an area pay more for homes than people moving within the area - this is a fact. Once you have an idea of where you want to live, do proper research into the property prices in the area. Talk to real estate agents, talk to a local broker and tap them from advice on the average property prices in the streets that interest you. Do not let enthusiasm for an area cloud your judgement on auction day. It could end up costing you dearly. 

Get familiar

Tap into local knowledge of getting smart with Google. Local sites are a great place to start when looking for the lowdown on schools and services in the areas you are interested in. Making contact with other like-minded people in a neighbourhood is the quickest way of finding out whether the location suits you, your family and your lifestyle. 

Join in

Once you have relocated, become part of the community: show your face at school and help out with fundraising; get to know your neighbours; become involved with local groups or clubs. It is very easy to shut your front door and retreat inside a bubble of domesticity, but if you don't help work for your community, it is ever going to work for you. 

 

This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation or needs before making any decisions based on this information. 

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How would you feel about paying an extra 15% more for everything you buy? If you don't pay off your full credit card balance each month, the chances are that you are already paying that much in interest as rates range from 8% for low-fee cards to a whopping 21% for cards dripping in rewards. 

Buying what you want when you want feels good, but a bargain is not a bargain if it comes with hefty interest charges. Therefore, there is never a wrong time to get credit wise and stop dropping your hard-earned cash on padding out the banks' profits. 

Going interest-free:

User your savings
Use your savings to cancel your debt, as any returns you will be earning on your savings will not match the interest rate your credit card provider will be charging. 

Go low
Switch your balance to one offering a 0% grace period and use that time to get serious about reducing your debt or choose a card with the lowest interest rate you can find instead. 

Broker a new deal
As home-loan interest rates are at an all-time low, it has never been a better time to consolidate your debts into one manageable sum. Get in contact with your Mortgage Broker and talk about refinancing your home loan to incorporate your credit card debt. It is an easy process that could save you thousands of dollars. 

But just remember - once you have paid off your credit card debt, keep it off! Debt is like a diet; you have to work at keeping the numbers off. 

 

This article contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation or needs before making any decisions based on this information. 

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Contact Details

Zippy Finance 

PO Box 3078
North Turramurra
NSW 2074

T 1300 855 022 

Louisa Sanghera is a credit representative (437236) of BLSSA Pty Ltd ACN 117 651 760.  Australian Credit Licence 391237. ABN 85 168 278 975.

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