As the festive season approaches, many Australians who are looking to buy a home in the new year and saving hard can find their budgets getting overlooked.
When lenders look at your loan application, they will closely monitor your spending habits. They will not want to see extra debt and
things like maxed-out credit cards. Typically, they like to see that you’ve got a good level of savings and that you can budget and
manage your money well.
With that in mind, here are five things you can do to make sure you don’t dig yourself a Christmas debt.
Balancing gift-giving and family time is crucial, but maintaining financial stability is paramount.