An offset account is generally a transaction account whose balance reduces the loan balance. For example, if a home loan balance is currently at a balance of $300,000 and you have an offset bank account which contains a balance of $20,000 then the bank when calculating the interest charge will do so based on a… Continue reading Does An Offset Account Reduce Monthly Repayments?
If you are an eager budget beaver like me then you’ll come at a point in your budgeting life where you will soon discover that the free or paid versions of organising your money just doesn’t quite cut the mustard. I have used many free and paid version apps that try to help me keep… Continue reading 11 Ways Quickbooks Online Enhances Your Personal Finances
What is a reverse budget and will it help me with forecasting and getting on top of my cashflow easier?