In the past year, 60% of Australian homeowners have been affected by rising interest rates and mortgage repayments, whereas the other 40% have experienced no such increases.
Why have homeowners been impacted differently? Check out the February Financial Wellbeing Program topic to find out how the effects, benefits and risks differ between two types of home loans rates: variable and fixed.
To support your learning and understanding, there are complementary online modules to introduce you to concepts about interest rates, home loan basics and financing your home.
Understanding money can be a daunting subject at any stage in life. All our employees have free access to the Financial Wellbeing Program to support your wellbeing and learning.
The program offers bite-sized education modules covering everything from budgeting on payday to securing your future for retirement. Learn at your own pace and optimise your learning by undertaking the modules that best meet your needs.
Since introducing the Financial Wellbeing Program as part of the Be Well Be Safe program, employees can continue accessing the resource for free as part of our ongoing employee wellbeing programs.
To discover more topics and modules, visit the direct access link to the Financial Wellbeing program hosted by Money101 here.
Disclaimer
This article and the Financial Wellbeing Program by Money101 do not aim to provide personal financial advice. The Program is designed to provide you with financial education to enable you to make better financial decisions.
Approved by Michael Holman, Acting Executive Director of People and Culture