What is shrinkflation?
Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
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Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
Official interest rates, also known as the cash rate, have been the source of countless news stories in recent years, with each movement generating plenty of chatter about the state of the economy, monetary policy, and the general direction it’s all heading.
When shopping for a home loan, you’ve probably noticed something called a comparison rate sitting beside the interest rate. But what is the difference between the two? Why is the comparison rate important?
The Reserve Bank of Australia has held interest rates steady for two months in a row. Inflation has slowed meaningfully enough for the central bank to wait and see for now, which is great news for those struggling under the weight of rate hikes.
Rainy day funds are essential, and earning interest is a fantastic and easy way to give them a boost. But how do the banks calculate your interest payments?
When you take out a loan, whether it’s a car loan, home loan or amount on a credit card, you’ll have to pay back both the amount you borrowed and interest on top of it. But what do we mean by that?
There are a lot of things you need to research and consider before making any kind of financial decision. One of those is your interest rate.
Good question. An interest rate is a fee you're charged for borrowing money, expressed as a percentage of the total amount of the loan.
The flip side of variable interest rates, fixed interest rates are one of the two main types of interest you’ll come across when choosing a loan or bank account.
Mozo has compiled this handy guide to give you the rundown on the facts, features, pros and cons of variable interest rates.
Welcome back to Mozo Money Moves, where each week we bring you the latest insights in personal finance. This week we’re diving into how 49 lenders have now passed on the recent Reserve Bank of Australia (RBA) rate cut, and the competitive home loan rates on offer.
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As interest rates continue to dominate the headlines after the Reserve Bank of Australia (RBA) cut the cash rate last week, Mozo’s database has been flooded with a downpour of thousands of rate changes across savings and home loan products.
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This week, the Reserve Bank of Australia (RBA) excited borrowers with a 25 basis point rate cut – a welcome gift for many as households continue to battle the much higher cost of living.
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From shifting home loan rates to key financial reports, we’re back to cover the money moves that shaped the week at Mozo—and what they mean for your wallet.
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