Money Questions You're Too Scared To Ask

Have you ever heard a finance term, nodded along… and then quietly Googled it later because you felt like you should already know what it meant?

You’re not alone.

In this episode of Your Finance Lounge, Teressa answers some of those money questions we often feel like we shouldknow — but nobody has ever really explained.

From interest rates, mortgages and equity to credit card limits, pre-approvals, offset accounts, redraw and compound interest, we’re breaking down common finance terms in simple, everyday language.

Because understanding money shouldn’t require a finance degree — and there really are no silly money questions.

If you’ve ever had a money question you were too embarrassed to ask, this episode is for you.

In this episode:
• What actually is interest?
• Interest rate vs comparison rate
• What is a mortgage?
• What does equity really mean?
• Why does an unused credit card affect borrowing capacity?
• Why can you afford the rent but not qualify for the same mortgage repayment?
• Does pre-approval mean you’re approved?
• Offset vs redraw
• Is all debt bad?
• What is compound interest?

Have a money question you’ve been too scared to ask? Send it through — it might be included in a future episode of Your Finance Lounge.

General information only. This content does not take into account your personal objectives, financial situation or needs.

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