Moneysmart tips: Rate rises, share market volatility and keeping super safe
With a cash rate increase and share market volatility, February has started fast out of the gates. So, below we have tips on managing your mortgage, your super, and your credit profile.
We also have guidance on keeping your super safe.
Switching home loans
The Reserve Bank lifted the cash rate by 25 basis points this month, which could add almost $100 per month to the repayments on a $600,000 loan. Now could be a great time to compare your home loan options.
Check your score
Did you know you can access your credit score and credit report for free? A good credit score gives you negotiating power when it comes to getting a loan. So, it's worth checking how you're rated.
Are you underinsured?
We’re still in natural disaster season and when something happens the last thing you want to find out is that you’re underinsured. Find out how it happens and what it means.
Keep your super safe
Share market volatility can make you feel worried about your savings. Don’t turn that worry into a rushed decision.
"I’m happy this was the right decision for me"
How support and superannuation options helped Lillian balance health and financial security.