financial freedom Archives | OurMoneyMarket
Debt-Consolidation-1024x682 What is Debt Consolidation? It Can Help Save Thousands! Low Rate Debt Consolidation Loans

What is Debt Consolidation?

Debt consolidation is when you refinance all your existing credit card debts and/or personal loan debts into one single repayment. In other words, it means a lender will pay off all your existing debts so instead of having to make lots of small repayments to lots of different lenders you simply make one repayment to one lender. Simple.

So what are the benefits of debt consolidation?

#1 One Simple Repayment

Staying on top of your personal finances can be a challenge at the best of times, let alone when life gets busy. For those of us with multiple credit cards and the odd car loan or personal loan, it doesn’t get any easier – especially when all these repayments are due on different days. Debt consolidation can help simplify “life admin” by consolidating all these debts into one easy to manage repayment. This can help reduce the stress of managing your personal finances, plus in the long-run help improve your credit record by making sure you don’t miss a repayment.

#2 Pay Less Interest and Lower the Amount of Your Repayment

Debt consolidation can also help reduce the amount of interest you pay on your debt and possibly lower the amount of your regular repayment. For example, by refinancing the outstanding balance on a high interest rate credit card to a lower rate personal loan, you can save thousands! Check out our example below Debt-Consolidation-1024x682 What is Debt Consolidation? It Can Help Save Thousands! What’s more a lower interest rate can mean a lower regular repayment amount (depending on the period of time in which you would like to pay off your debt). This means not only could you save enough money for your next big trip, but you could also have far less stress when it comes to managing your monthly budget.

#3 Set Yourself a Debt-Free Date

Consolidating your debts into one fixed rate personal loan means you’re setting yourself a clear date in which all your debts will be paid off! That’s because unlike your credit cards in which you’re only required to make a minimum repayment, a personal loan has a fixed repayment that includes both an interest component and principal component that goes towards paying off the balance of your loans.

If you interested in obtaining a debt consolidation loan, you can either apply for personal loans here or contact us via email on info@ourmoneymarket.com or phone us on 1300 990 115.

Follow Us on Facebook

Please message us on Facebook (https://www.facebook.com/ourmoneymarket/) if you have any questions about this article. If you found our article helpful in any way, please don’t forget to share us with your friends by liking our Facebook page.

Source: OurMoneyMarket Lending Pty Ltd ABN 64 605 231 669 Australian Credit Licence 488228.

Our-goals-e1506053844998 Top 5 Ways to Make Easy Cash

Top 5 Ways to Make Easy Cash – Source: OurMoneyMarket Lending Pty Ltd ABN 64 605 231 669 Australian Credit Licence 488228.

So, you’re looking for ways to make a few extra dollars. I’ve been there! When I quit my job to start OurMoneyMarket I was in need of some extra cash to get by. The tasks/jobs I was looking for didn’t have to pay much, but they had to meet at least one of the following: (i) the job had to be easy; (ii) the job need to be quick; or (iii) I could do the job at a time convenient to me.

Luckily, I found enough jobs to make me, on average, an extra $200 a week. That’s an extra $10,400 a year!

So, without further delay, here are my top 5 ways to make easy cash – not become a millionaire cash, but easy extra cash:

#1 Easy Cash With Mystery Shopper

Task Difficultly Rating: Easy

Cash Reward Rating: 4/5

Oh, Mystery Shopper, how good you were to me. With Mystery Shopper, there are all kinds of jobs you can do, and you get to pick the jobs you want. Some of the jobs I did included:

  • $20 for eating a burrito at Guzman & Gomez (lunch paid for and some extra cash – tick!);
  • $35 for trying on some Lacrosse shoes and reporting on the customer service;
  • $20 for getting a Boost Juice (again drink complimentary);
  • $20 for leaving a fake reservation call with a hotel.
  • It took me, on average, around 30 minutes to complete any given task and complete the service report you must submit.

    #2 Airtasker

    Task Difficultly Rating: Easy to Hard

    Cash Reward Rating: 5/5

    Airtasker is an online peer-to-peer website that allows people to post any kind of task or job they need completed, and whether they need it done online or in person.

    With Airtasker, you can make money doing all kinds of things (e.g. writing blogs, helping someone with their resume, wait in line for the next iPhone, caring for puppies, you name it!). Generally, you stand to make between $20-$400 for tasks advertised on Airtasker.

    #3 Online Surveys

    Task Difficultly Rating: Easy

    Cash Reward Rating: 1/5

    OK, so I never really did these surveys properly, but I think that’s justified given they seem to falsely advertise the time each survey takes.

    Basically, with sites like, Valued Opinions, you can complete surveys that take anywhere between 5 to 60 minutes, and earn between $1 to $20 for your time.

    It’s not exciting money, but it’s really easy and you can do it just before bed, or during T.V ad breaks.

    #4 Sell Clothes & Furniture Online

    Task Difficultly Rating: Easy

    Cash Reward Rating: 5/5

    Selling your old clothes, furniture etc. online is a great way to make extra cash. It also removes clutter…and will make those you’re living with super happy.

    To be honest I didn’t make regular money from this (sold a couch once for ~$1,000). However, friends of mine have regularly sold their old clothes on eBay and Gumtree and claimed to make good cash doing this.

    #5 Search the Web

    Task Difficultly Rating: Easy

    Cash Reward Rating: 3/5

    Sometimes saving cash on everyday expenses is as good as earning cash. Simply add PricePal to your web browser and get notified of discounts when shopping at some of your favourite retailers!

    Due to this little beauty, I regularly received around $20 a week in cash back when I shopped at Woolworths. Friends of mine would save up to 6% when shopping at UNIQLO, Cotton On, Asos.com, etc.

    Honourable Mentions

  • UBER: If you own a car consider becoming an UBER driver. After all fees and expenses (assuming average car loan repayments), you can earn approximately $150 per week for 10 hours of driving. If you don’t own a car, but would like to become an UBER driver, get a quick rate quote today with OurMoneyMarket. We offer low rate personal loans, with flexible repayment options.
  • Airbnb: If you own property, or have a spare room at your place, consider registering for Airbnb and renting it out. Consistent users of Airbnb can earn between $1,000 and $2,000 per month. You have an asset that can make you cash, consider making cash from it!
  • Deliveroo/Foodora: If you own a bike, motorbike or car, consider signing up to Deliveroo or Foodora, you can earn approximately $20 per hour doing this and you have flexibility around when you want to work. If you’re in the market for a bike or motor bike, OurMoneyMarket offers fast cash loans, so you can start delivering.
  • Follow Us on Facebook

    Please message us on Facebook (https://www.facebook.com/ourmoneymarket/) if you have any questions about this article. If you found our article helpful in any way, please don’t forget to share us with your friends by liking our Facebook page.

    This information has been prepared as general information only without taking account the objectives, financial situation or needs of individuals. All investors should seek their own financial, legal and taxation advice relative to their own circumstances before making an investment.

    Contact Us

    Don't hesitate to contact us if you have any concerns or questions

    Get in touch