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$1250 rebate from Westpac

15/2/2016

 
For anyone out there who is considering refinancing their owner occupied home at the moment with Westpac, you may be entitled to a $1250 rebate.  Please call our office on 1300 361 051 to find out more.  The offer has an expiry date so you need to call today if this is something that is of interest to you.

Car and Equipment Finance

10/2/2016

 
Just letting our customers know some exciting news.  

We can now do car and equipment finance direct and some of our lenders have some exciting rates on offer at the moment.  

Instead of applying for a personal loan through your bank you can talk to us about getting a consumer lease.  We have lots of lenders on our panel.  

We can find you a personal loan, finance for a motorcycle, a car, a truck, business equipment, a caravan or even a boat.  It doesn't cost anything to talk to us and for us to give you a quote.  Pick up the phone today and call us on
1300 361 051.

Feb Fraud Month

10/2/2016

 

Money Scams - Thanks to Westpac

Scam emails

The following are some scam email examples reported to Westpac  for the following months. Westpac have highlighted some of the ways that can help you spot a scam email.

January 2016
Email subject line: Your account access is limited. Why?
Description: This email hoax attempts to scare you into believing that ‘illegal payments’ have been performed via Online Banking. The link leads to a fake website designed to harvest your credentials. Do not click on any links in such emails.

​December 2015

Email subject line: Important Message Ref XXXX regarding your Westpac Online Banking
Description: This email hoax threatens that your Online Banking access will be deactivated unless you act quickly by clicking on the provided link. The link leads to a fake website. Do not click on any links in such emails.

Email subject line: Online Banking Notification
Description: This email hoax advises that your Online Banking access has been disabled. Helpfully a link has been provided to re enable your access – of course, it is a trick and will lead to a fake website. Do not click on any links in such emails.

Email subject line: New Message update from Westpac
Description: This email hoax is crafted to create a sense of urgency that you must take action otherwise an unknown debit will occur on your account.

Do not click on any links in such emails.


Phone scams alert

Fraudsters don't only strike online. There's been an increase in phone scams where the caller claims to be from a reputable organisation offering to assist with a computer issue.

They then attempt to take control of, or access your computer. Do not allow this under any circumstances; just hang up. 
Also, be particularly vigilant if you’re asked to disclose any Online Banking sign-in details or Bank SMS Code sent to your mobile. Again, just don’t do it.

Protect your SMS code like you would a password or PIN
Disclosing your Internet Banking Protect SMS code - or any  Online Banking access codes - to others contravenes the banks Terms and Conditions. Doing so may find you liable for any losses due to fraud on your account. 

Other recent phone scams involve hoax callers claiming to be bank employees, who then request customer account or personal details. For better protection from phone scams:
  • Keep all access codes (e.g. ATM password, card PIN, Online Banking password, Bank SMS Code we send to your mobile) secret and secure. Banks will never ask for this information over the phone or on email.
  • If you're unsure, ask for a reference number and call back on a trusted number (i.e. phone book) to confirm if the call was genuine
  • Never give a stranger remote access to your computer
  • Do not give out your personal, account or online details unless the phone number comes from a trusted source
  • Keep your computer protected by running and updating security software purchased from trusted sources
  • If you think you've fallen for the scam, contact your bank immediately


SMS scams

September 2015
Description: SMS phone scam "Restricted Access"

May 2015
Description: SMS phone scam "Review and update details"

Malicious software alerts.  The following are recent example of some signs that your machine may be infected with malicious software such as a Trojan or virus. 

October 2015
Description: We’ve recently detected a new malware variant. Here is what happens after you log into Corporate Online on a computer that has been infected. This malware compromises your computer and tries to captures your token password and number.

Please Note: Only accounts which require a second users approval will be prompted for the "Second user authorisation".


When signing in you will receive the "Please wait" screen. This screen is quite slow when loading.

Next you will unexpectedly be asked to confirm your token details. Do not enter your token details into this screen, in the event you have please call our Corporate Online Help Desk on 1300 134 291 Mon - Fri.

When a second authoriser is required for a transaction, you will be asked for a second users details. Do not enter your details into this screen, in the event you have please call your bank.

March 2015
Description: We’ve recently detected a new malware variant. Here is what happens after you log into Online Banking on a computer that has been infected with this malware. This malware injects a new page and asks you to enter your date of birth, drive licence and asks you to download an malicious application to your mobile phone. If you have installed the application on your mobile, then un-install it as soon as possible. 
In the event you have entered your details the screen will now prompt you to enter an SMS code. If you have entered any personal information into either screens, please contact your bank immediately.

Please note, these are just some examples of what is out there in the market place.  Be aware and if something doesn't feel or seem right then better to drop into your local branch of your bank and find out or better still, give your bank a call.


Feb Fraud Month

1/2/2016

 

Identity Theft Update - Thanks to Westpac

Identity theft is on the rise in Australia.

It appears in many forms, from fraudulent credit card use, to your entire identity being used to open accounts, obtain loans, and conduct other illegal activities.


Here are 8 simple strategies to help protect your financial identity:

  • Ensure your mailbox is locked or get a postbox and check it for tampering. 
    If you'll be away from home for an extended period, arrange for mail to be held at your local post office or have a friend collect it.
  • Safely dispose of personal and financial information such as account statements, bills and receipts.  These need to be torn up or shredded before throwing them away.  
  • Sign up to electronic bank statements, which can be viewed and downloaded when banking online: eStatements are also good for the environment
  • Check you've received all expected bills, statements and tax assessment notices as a missing statement could mean someone has removed it from your mailbox.
  • Register for internet banking SMS code and receive SMS alerts to your mobile to authorise certain Online Banking transactions.
  • If you are moving house update your details straight away, often this can be done online these days.
  • Does your bank have your mobile or telephone number? Knowing your current contact details will enable them to contact you quickly if suspicious activity is detected.
  • Set up a special keyword - it’s like an extra layer of security used during Telephone Banking that makes it harder for a fraudster to assume your identity. Call you bank to initiate this service.

It's all about setting the goals

5/1/2016

 
It's time to consider setting some goals for the year ahead.  Not NEW YEARS RESOLUTIONS, but actually things you would like to achieve throughout the coming year.  Before you begin looking at how to set SMART Goals there are a few things you need to consider.

The Triangle of Happiness
 

The nation’s longest-running and most comprehensive survey on happiness, the Australian Unity Wellbeing Index, has just been released. And after fifteen years of detailed research, the author of the survey, Deakin University Emeritus Professor Robert Cummins, says he’d finally cracked the code to wellbeing, which he dubbed the ‘golden triangle of happiness’:
 
1. A sense of purpose.
 
2. Strong personal relationship/s.
 
3. Financial control.

 
A Sense Of Purpose
 
This often explains why we strive for outward symbols of success.  Large home, nice car, private school.  Years of research has proved that once you earn over $100,000 a year, money wont actually make you much happier.  It will buy you a lot of things but that's just a quick rush until you find the next thing that takes your fancy.  And believe me, that wont take long as compulsive buying of things is akin to an addiction. 

Is it time to rethink your sense of purpose?


Strong personal relationships
 
One of the building blocks for happiness is strong personal relationships…yet the number one cause of relationship break-ups is fights about money. It’s important to understand that Relationships Australia says this is universal, and not just confined to low income earning couples who encounter this problem.
 
Financial control
 
Money may not make you happy, but the research shows that not being in control of your finances will make you very unhappy: in fact Professor Cummins and his research team found that financial insecurity produces similar feelings to that of physical torture.

 
Achieving a sense of financial control is about your self worth.
 
You don’t have to wait until you’ve paid off all your credit cards.
 
You don’t need to wait until you have bought a home.
 
You don’t have to wait until you have paid your home off.
 
You don’t have to wait until you have saved enough for retirement.
 
You can achieve it the moment you make a decision to commit to putting in place a realistic plan. One that’s realistic and based on hard work, savings, paying down debt, and investing conservatively.  Create a plan and commit to sticking to it.

So what are SMART Goals?


Paul J. Meyer describes the characteristics of S.M.A.R.T. goals in Attitude is Everything.

SMART GOALS are Specific
This means the goal is clear and unambiguous. To make goals specific, they must tell you exactly what's expected, why it's important, who’s involved, where it's going to happen and which attributes are important.


A specific goal will usually answer the five 'W' questions:
  • What: What do I want to accomplish?
  • Why: Specific reasons, purpose or benefits of accomplishing the goal.
  • Who: Who is involved?
  • Where: Identify a location.
  • Which: Identify requirements and constraints.
SMART GOALS are MeasurableThe thought behind this is that if a goal is not measurable it is not possible to know whether you are making progress toward successful completion. Measuring progress is supposed to help you stay on track, reach your target dates and experience the exhilaration of achievement that spurs it on to continued effort required to reach the ultimate goal. 


A measurable goal will usually answer questions such as:
  • How much?
  • How many?
  • How will I know when it is accomplished?
  • Indicators should be quantifiable
SMART GOALS are AchievableThat is, the goals are neither out of reach nor below standard performance, since these may be considered meaningless. When you identify goals that are most important to you, you begin to figure out ways you can make them come true. You develop the attitudes, abilities, skills and financial capacity to reach them. 


An achievable goal will usually answer the question How?
  • How can the goal be accomplished?
  • How realistic is the goal based on other constraints?
SMART GOALS are RelevantA bank manager's goal to "Make 50 peanut butter and jelly sandwiches by 2pm" may be specific, measurable, attainable and time-bound but lacks relevance. Many times you will need support to accomplish a goal: resources, a champion voice, someone to knock down obstacles. 
Relevant goals (when met) drive you forward. A goal that supports or is in alignment with other goals would be considered a relevant goal.


A relevant goal can answer yes to these questions:
  • Does this seem worthwhile?
  • Is this the right time?
  • Does this match our other efforts/needs?
  • Are you the right person?
  • Is it applicable in the current socio-economic environment?
SMART GOALS are Time-boundThe fifth criterion stresses the importance of grounding goals within a time-frame, giving them a target date.  This part of the SMART goal criteria is intended to prevent goals from being overtaken by the day-to-day crises that invariably arise. A time-bound goal is intended to establish a sense of urgency.


A time-bound goal will usually answer the question
  • When?
  • What can I do six months from now?
  • What can I do six weeks from now?
  • What can I do today?


Wishing you all the best on your Journey to making 2016 amazing!!

And don't forget, make sure you celebrate achieving your goals.  Sometimes that may be celebrating the milestones that you achieve on your way to achieving your bigger goals.  Find a friend, a supporter and celebrate, celebrate, celebrate!!!


 

The Year Ahead

14/12/2015

 
During 2016 Village Finance will be launching their commercial and home lending in Tasmania.  It's an exciting time and you will start to see a bit more of us as we start to tackle the online learning space when it comes to finance and investments.  

We want to make it easier for people to make informed financial decisions so we will have a heap of information coming your way over the coming year.  For now though, enjoy the festive season because we anticipate 2016 to be a big year!

Some of our favourite  last minute deal sites leading up to Christmas

7/12/2015

 
So it's getting close to Christmas.

Here are some of our favourite sites for last minute gifts.

www.dealsdirect.com.au

www.graysonline.com

www.milandirect.com.au


www.ozsale.com.au

www.ebay.com.au  (of course)

www.backcountry.com  (and Australia post has set itself up as a freight forwarding company so you can buy all your favourite products from the states at greatly reduced prices)

www.etsy.com.au

Happy shopping




Managing your money in the run-up to Christmas

30/11/2015

 
It's the 1st of December tomorrow and it will be Christmas before you know it.  According to research by the Sunday Times in the UK, the cost of Christmas is set to rise by more than ten per cent above the rate of inflation this year.  How is that possible??  

Postage, all that food and gifts are all more expensive than in previous years. For many people it's still tough financially with unemployment and underemployment being major contributors.  H
ow can you keep the costs of Christmas down without having a Scrooge-like Christmas?

Top tips for keeping costs down this Christmas:

1. Work out how much you need for the essentials (food and drink,  the usual weekly expenses). Then see what you can afford to spend on top.

2. Set a spending budget for gifts per person and stick to it.  I found that Christmas was getting ridiculously expensive with partner gifts because I had no budget.  Gifts are just a gesture and therefore don't need to break the bank.  In today's day and age we more often than not buy what we want during the year so it's important not to get caught up in over doing it at Christmas.

3. Look online. Online marketplaces such as eBay can provide good discounts on many items that would make great presents and you can have the item delivered straight to family and friends avoiding long queues at the post office.  

4. Go for funny or personalised gifts. These are often cheaper but may be appreciated even more than an expensive gift.

5. It's time to get tough and do a cull of who you need to buy gifts for.  How many of us buy gifts because we feel obliged to do so.  The reality is that often buying gifts becomes a habit and we don't actually know what our sister's husband might actually want.  Why not save everyone the stress and pain of dealing with unwanted gifts, excessive costs of postage and endless time standing in queues.  Why not suggest that in lieu of gifts that you put the money towards a weekend catch up later in the year, that you only buy gifts for the kids and not the adults, that gifts need to be purchased from a charity or why not just do a Kris Kringle.  Or you can just suggest that from now on let's not do gifts at Christmas.  A phone call is enough.

6. Instead of gifts why doesn't everyone just bring a plate of food for Christmas lunch.  You save money on gifts, share the cost of catering for Christmas and everyone gets to feel involved.

7. Make things yourself… consider your skills and put them to use for a truly special present – anything from art to handmade decorations and edible gifts. Handmade decorations look traditional and can be enjoyable to make while handmade presents are filled with love and can easily be personalised.

8. Check out the charity shops. It puts a whole new spin on Christmas if the good are to be sourced from Charity and at least you know the money is going to a good cause.

So, the best way to manage your money for Christmas is to start planning now.  Don't forget, Christmas is supposed to be a time for Celebration so do what you can to take the stress out of it.

Cheap Holiday Ideas

16/11/2015

 
Cheap holiday ideas - Taken from the Governments Money Smart Website

Planning for a holiday can be exciting but it's easy to get discouraged once the costs start adding up. Here are some MoneySmart ideas to make your holiday budget go further.
​
How to get the best travel deals

Start your holiday planning by using online flight and accommodation booking sites that offer deals from a variety of airlines and hotels. They are a great way to shop around and compare prices.
These sites often release deals via their social media channels and enewsletters. Make the most of these opportunities by following them on Twitter or Facebook or signing up to be alerted about their special offers.
If you frequently visit the same travel booking sites, consider joining their rewards or membership program.

Save on flights
Flights are usually one of the biggest travel costs but if you can be flexible with your dates, or the time of day that you fly, you can save lots of money.

You will also save money on flights if you travel:
  • before 8 am or after 8 pm
  • on Wednesday (typically the least expensive day to fly in Australia)
  • on public holidays such as Christmas Day or New Year's Day
  • in shoulder or off seasons.
During the off season, not only will the flights be cheaper but there will be fewer tourists and better deals on accommodation.

When choosing a destination, make sure you look at what local events are happening at the same time you want to go. These can drive up the cost of flights as well as everything else while you're there.

Save on accommodation
When it comes to hotels, if you find one you like but the deal on a comparison site isn't within your budget, call the hotel and see if they can offer you a better deal. They may offer a discount for staying multiple nights.

You can also save money if you're happy to consider other accommodation options. Think about booking an apartment or cabin. They are often less expensive than a hotel room.  Don't forget to look up Air BnB options.

Other wallet-friendly ideas include farm stays, youth hostels and holiday parks. Often venues such as holiday parks have offers for returning visitors if you book for the same time next year before you leave.

House swap
If you live in a popular area, join a home exchange site. For an annual fee, you can list your home and gain access to a database of other members' homes worldwide to arrange a swap. You can save a lot of money this way, and you'll get a better feel for a place by living like a local.

Go with a group To take advantage of group discounts, team up with family or a few friends and go to the same destination together. For families or groups, renting an apartment or house can be a lot cheaper than paying for the same number of beds in a hotel.

Don't forget to try UBER when travelling overseas for a cheap alternative to a TAXI.

How to save $83,913 on your home loan

19/10/2015

 
With one of the four majors?  Did your home loan rates just go up?  You don't have to cop it on the chin.  It might just be time to look at your options. If you want to see what interest rates are available on the market, then give us a call 1300 361 051.  There are plenty of cheaper options than the four majors and these lenders have just as much in the way to features to offer their clients as do the big 4.  It always pays to be informed on what your options are so pick up the phone and give us a call TODAY 1300 361 051.
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    Author

    Adriana Filipowski  has a Masters in Professional Accounting, is a member of CPA and the MFAA.

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