You’re tired of renting – all that money that’s been flushed down the drain again and again – and now you’re ready to buy your first home.   You may have heard about the government’s program promising money to first time homebuyers is being extended until 31 December 2009.  What is this grant about, who is eligible and how much will first time buyers receive?
What is the First Home Buyer’s Grant?
The grant is a one-time boost intended to motivate citizens to purchase property.  The amount given in the grant ranges from …

It’s been said that the key to financial success is based on two key principles. First, work hard for your money. Then, let your money work hard for you.
The existence of compound interest speaks to the latter. And it’s exactly why compound interest is one of the safest, most effective mechanisms for growing wealth in existence.
Albert Einstein called compound interest the “greatest mathematical discovery of all time.”
But fortunately, understanding and capitalizing on compound interest doesn’t require the mental capacity of a genius like Einstein.
What is Compound Interest?
Compound interest occurs when …

Home equity loans can be appealing loan options for a number of reasons. Still, before you seek out this type of loan, make sure you know what you are getting into. There are lots of things that you should know before you apply for that loan.
The Basics
Essentially, a home equity loan involves using your home as collateral in order to obtain a revolving line of credit. Home equity loans can be used for many different things, though they should not be used for everyday items.
Some reasons why homeowners apply for …

I’m very proud to inform you that Debt Loans has been featured in two more carnivals: The Carnival of Everything Personal Finance over at nil2million, and the Carnival of twenty something finances over at Money under 30.
Nice!
Photo by Robert C

Australian health insurance is divided into two broad categories, Medicare and private health insurance. To help clear up any confusion about health insurance cover, I’ve devised a little primer to break it down for you.
Medicare
Medicare is the primary source of health cover in Australia. Funded and managed by the government through Medicare Australia, it covers citizens and most permanent residents (except the poor residents of Norfolk Island).
Medicare covers 100% of the costs incurred if you enter a public hospital as a public patient. However, you generally cannot choose your doctor …