Using Your Offset Wrong? This Could Be Costing You $1,200/Year | Tip 2 of 6

Are You Using Your Offset Account Right? *It might be doing the exact opposite.* A lot of people have cash sitting in the wrong place — and without realising it, they’re paying more interest on their mortgage every single day. In Tip 2 of our series, How to Get Hundreds Back From Your Mortgage This Week, Ben breaks down one simple shift that could potentially save you hundreds (even over $1,000 a year)… just by using your offset account properly — no need for refinancing. If you’d like help reviewing your loan structure or setting up your accounts the right way, you can book a free, no-obligation chat with the team at* @EmpowerwealthAu here: https://empowerwealth.com.au/services/mortgage-broking/ Got a question or want help unpacking your situation? Drop it here: https://thepropertycouch.com.au/topics/ 00:00 – Why your money might be in the wrong place 00:20 – How offset accounts actually work 00:50 – Real example: $20K = $1,200/year 01:50 – How to set it up properly If you haven’t seen Tip 1 yet, start there first — it covers the “loyalty tax” and one simple call that could save you money straight away. https://youtu.be/7rPRaSgRZ4Q *Up next:* Tip 3 — a powerful way to improve cash flow (but only if used carefully). p.s. In this video series, Ben shares six practical ways to potentially get hundreds of dollars back from your mortgage. The first three are quick wins you can implement immediately with your current loan, before we explore additional strategies that may involve refinancing. #thepropertycouch #mortgagetips #moneymanagement #propertyaustralia #cashflow