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Saving money on rent as a student

Rise of rent cost

It is cheaper to commute in Sydney rather than to have a rented flat near your office or college. Travel cost is lesser than rent cost and when it comes to financial savings, you should think about living at your home with your family, to be better off financially. Cost of living in rented apartments and hostels is quiet high and when you are staying there, you have to spend extra money on commodities which are useless.

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How to Look After Your Personal Finances?

Managing your personal finances is something vital for your financial security. You do not have to take economics classes to be able to do that; you just need to be wise and focused. All you have to do is cover a series of basic rules, such as answering some questions. Keep your life organized by getting your finances in order and look after them! Just take these simple, smart tips into consideration.

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Know these tips before choosing a life insurance

Life insurance is a way to ensure the financial stability of your loved ones, after your death. They would need money for everything from medical care to education. More than 146 million life insurance policies are active, as per the reports, in 2012. However, in the last two years, the number of people opting for life insurance has decreased. People do not want to buy something which would not give them a better coverage and this is the main reason for the decrease in the number of life insurance policies. Here are a few things to note before choosing a life insurance.

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How to avoid outliving your retirement fund?

The first concern for every retiree is what would happen if they outlive their money. If they happen to live an extra decade or half than they have calculated, what would happen to them when the retirement fund gets drained? Here are a few ways to avoid outliving the retirement fund.

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How to ease the students loan payment?

There are a lot of different ways to repay the student’s loan. Each process has its own set of advantages and disadvantages. 60% of the students are burdened by this loan and have borrowed more than $26,000 on average. There are a lot of ways to reduce the interest rate and other aspects of the payment.

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How to increase the credit score without any credit?

It is well known that the only way to increase the credit score is to increase the credit limit and decrease the utilization. Paying off bills on time would also help. However, for the people with a very small or zero credit score, how would they start their credit history, without getting any credit?

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Do you need a renters insurance?

Renters insurance is the least used coverage. Most of the people do not know about the renters insurance and the rest do not care about it. According to a survey, 96% of house owners have insured their house, but only 35% of the people who are renters have insurance.

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How to reduce your cable bill?

In 1995, the cable bill was $22 per month. Today, the basic cable bill is $100 and with other services like internet, the bill would reach $200. The cable bill has risen to become one of the elements of every household’s budget. The most common way that people use to reduce the cable bill is to discontinue the cable connection service and use the internet for watching the shows.

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Problems in DIY tax returns

Millions of people do their tax return by themselves. There was a warning from the ATO for those taxpayers about the traps that are very costly this year. As the tax return season is nearing, very few people have considered about using a financial expert’s help for filing tax returns.

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How to increase the retirement income?

No one can expect to live out of their retirement fund for the whole life after the retirement. You would obviously need some kind of stable and/or monthly income to support your retirement fund. The most common retirement income source is the stock market.

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