Inflation is forecast to hit 8 per cent this year, bumping the price of everything from petrol to health insurance. 

It’s particularly bad news for anyone with student debt, which is indexed with inflation each year on June 1. This could mean an increase of nearly $2000 for someone with an average HECS debt of $23,685.

On this week’s episode of It All Adds Up, we ask if it’s worth repaying some of your HECS debt ahead of time, or if it’s best to just let it ride and slowly pay it off over time.

It All Adds Up is the podcast where we make money easy to understand so that listeners can begin building their financial wealth. You can submit questions via email or voice memo to italladdsup@nine.com.au for us to answer each week.

Inflation is forecast to hit 8 per cent this year, bumping the price of everything from petrol to health insurance. 
It’s particularly bad news for anyone with student debt, which is indexed with inflation each year on June 1. This could mean an increase of nearly $2000 for someone with an average HECS debt of $23,685.
On this week’s episode of It All Adds Up, we ask if it’s worth repaying some of your HECS debt ahead of time, or if it’s best to just let it ride and slowly pay it off over time.
It All Adds Up is the podcast where we make money easy to understand so that listeners can begin building their financial wealth. You can submit questions via email or voice memo to <a href="mailto:italladdsup@nine.com.au">italladdsup@nine.com.au</a> for us to answer each week.

Welcome to It All Adds Up the podcast where we make money easy to understand so that listeners can begin building their financial wealth.

We’re going to cover topics like: investing for the first time, crypto, how do interest rates work, how to crack into the property market, saving for retirement.

Join The Sydney Morning Herald and The Age's senior economics writer Jessica Irvine and money editor Dominic Powell from August 25 as they try to help you make it all add up.

Welcome to It All Adds Up the podcast where we make money easy to understand so that listeners can begin building their financial wealth.
We’re going to cover topics like: investing for the first time, crypto, how do interest rates work, how to crack into the property market, saving for retirement.
Join The Sydney Morning Herald and The Age's senior economics writer Jessica Irvine and money editor Dominic Powell from August 25 as they try to help you make it all add up.

Advertisement