Garland Finance

💸HOW MUCH DO YOU SPEND EACH MONTH?💸
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Do you know what your cost of living is per month? Do you want to know?! 😬
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A key part of a home loan application is considering and declaring your living expenses to the bank. Living expenses means every penny that you spend each month and includes costs such as groceries, clothing, entertainment (going out, movies etc), insurances, vehicle costs, school fees, medical and telecommunications.
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Declaring your living expenses accurately is important because it partly determines how much you can borrow, as the bank will ensure that you have sufficient income to cover your expenses and your new proposed loan repayments. They will also generally review your bank statements to confirm that you have accurately declared your living expenses.
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I find that clients generally do not know what their monthly spending is and their estimates can be way off! This is a discussion that we will have at our initial meeting. It is therefore a good idea to review your bank statements and get an idea of your expenses and maybe consider whether you need to make any changes to your discretionary spending!
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If you would like a basic budget template to assist with your living expenses review, please get in touch! 🧾🤓📊

💕 Women Supporting Women 💕

now and always 👯‍♀️. Thank you for the nomination 😘

What are your options if you have been financially impacted by COVID-19?

Read my latest newsletter update and get in touch to discuss.

https://mailchi.mp/cab3dc3f1585/august-newsletter-12272658

What are your options if you have been financially impacted by COVID-19?

TIP TUESDAY⠀⠀⠀⠀⠀⠀⠀⠀⠀
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These wall shelves are a great way to style a room and the best part is you can change up the styling and the “look” as often as you like! Here are some styling tips from my talented sister-in-law Ella ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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1. Pick a colour theme for your shelfie. I love the pictures nudie/pink theme⠀⠀⠀⠀⠀⠀⠀⠀⠀
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2. Start by placing the larger items on the shelves and make sure they are evenly balanced⠀⠀⠀⠀⠀⠀⠀⠀⠀
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3. Fill the gaps with the smaller items, making sure the space is also balanced in terms of the colour of the items⠀⠀⠀⠀⠀⠀⠀⠀⠀
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4. Add some greenery such as plants or flowers to finish off the look!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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What is your number one styling tip?⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Follow for more home decor and entertaining inspo 🌿📷

FIXED RATE HOME LOAN

If you have a fixed rate home loan it means that your interest rate does not change for the nominated fixed period. That also means that your repayments stay the same each month, which can make budgeting much easier 👌🏻

Swipe to read the top pros and cons of a fixed rate.

VARIABLE RATE HOME LOAN

A variable rate can go up or down as the cash rate changes. If the Reserve Bank of Australia decides to lower the cash rate then your interest rate (should) also decrease. Vice versa, your rate could increase.

So why would you want a variable rate home loan? Swipe to find out! 👉 @ Fremantle, Western Australia