Archive

The future of international travel

In 2020, the ease in which we travelled overseas changed abruptly. And in the years to come, vaccinations, travel bubbles and testing are likely to become as routine as packing your passport and booking a hotel. Here’s what international travel may look like in the next few years – and how to stay safe on […]

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Supporting your kids, without sacrificing your own retirement

In the past, wealth was often passed on through an inheritance. But with our longer lifespans, and the higher cost of living (especially housing), the desire to help our kids while we’re alive and well is increasing. If your children are young, you may have twenty or thirty years to save and invest on their […]

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Smart strategies for paying down debt

Being in debt can really wear you down, both financially and emotionally. Whether it’s a single large credit card balance or multiple loans, store and credit cards owing, getting clear of your debts is going to make a big difference to your financial future. To get started on an effective strategy for saying goodbye to […]

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Salary sacrificing into super – how it works

Salary sacrificing into super is where you choose to have some of your before-tax income paid into your super account by your employer. This is on top of what your employer might pay you under the super guarantee, which is no less than 10% of your earnings, if you’re eligible. Making salary sacrifice contributions does […]

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Managing the financial impacts of a mid-life crisis

For some, the thought of a mid-life crisis may bring to mind quirky Steve Carell comedies like Crazy Stupid Love or The 40-Year-Old Virgin. But if you or a loved one are actually going through something that resembles one, you probably have fewer reasons to chuckle. A mid-life crisis is a transition where you might start to question […]

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Five things you and your partner should know about super

Money issues are often cited as the biggest causes of stress in a relationship. Yet despite their importance, a recent survey of Australian couples found that 43% hadn’t discussed how they’d share their incomes before they committed. And close to a third hadn’t talked about their financial situation with their potential partner at all. Even […]

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What is capital gains tax and when might I have to pay it?

Capital gains tax is charged on the profit you make from the sale of certain assets. These could be assets that you’ve purchased or inherited. To give you a few examples, capital gains tax might apply to things such as shares, investments, land and property (unless it’s your primary residence), and it may even apply […]

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How to invest for your children’s future

Every parent wants to give their child the best start in life, even if that sometimes means footing the bill well into adulthood. Fortunately, with good financial planning, you can set your kids up for a bright (and independent) financial future, in just a few simple steps. No two ways about it, raising a family […]

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How to help your children with buying property

With property prices rising at a record rate in many cities across Australia, the ‘bank of mum and dad’ is playing a bigger role than ever as many parents feel pressure to assist their children in buying a home. For many Australians, home ownership is not just seen as the great Australian dream, but it […]

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How much can you confidently spend in retirement?

So much happiness in retirement comes from peace of mind, not money. Of course, the two are intertwined. Understanding your monthly budget, whatever it is, and not worrying about running out of cash in retirement, enables peace of mind. But the academic research throws in plenty of other factors – good health, social connections, having […]

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Housing Market: Bubble or Balloon?

As one of Australia’s favourite assets, residential property is no stranger to news of a market bubble. Property works a little differently – making the cycle of house price rises less of a bubble and more of a balloon. Quick take: what’s a bubble? In short, a market bubble is an event where the price […]

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6 steps to help you feel more positive about your finances

With one in four Australians reporting more financial stress after COVID, it’s no surprise many of us are concerned about the future. Between mounting bills, unexpected expenses and a lack of understanding around our needs in retirement, getting our savings on track and seeing the big picture can seem overwhelming. It doesn’t need to be. […]

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Four ways to save for a rainy day

Having access to savings can be vital when an emergency strikes. But making the most of your savings by earning interest can also help you get ahead financially. If you’re trying to get a good return and have instant access to your money, the historically low interest rates on savings accounts leaves you with limited […]

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What does it really cost to raise kids?

A 2018 study by the Australian Institute of Family Studies looked at the weekly cost of raising a six-year-old and a 10-year old. They found that it cost unemployed families $140 per-week, per-child, and $170 a week for low-paid families. That figure included the minimum necessary for healthy living, like food, clothing, school and household expenses (e.g. […]

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How to identify (and beat) your spending triggers

Are you buying more to perk yourself up? You aren’t alone. Since the start of COVID, there’s been an increase in online shopping. But, if you want to get a handle on your add-to-cart habit, understanding why you spend money, can help bring your purchasing patterns in line with your financial goals. We often talk […]

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How to bounce back from the pink recession

While all Australians have been affected in some way by the global pandemic, women have borne the brunt of its impacts. Here’s why – and some tips of what women can do to recover financially. For the past year, all Australians have felt the health and economic impacts of Coronavirus. However, when it comes to […]

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Australians move towards ethical and sustainable investing

In 2019, a nationwide survey found that an overwhelming number of Australians (78%) were worried about climate change  – a concern which escalated in 2020 as Australia faced one of its worst bushfire seasons ever. This was followed by the outbreak of Coronavirus, which laid bare the effect of insecure work and poor-quality housing on […]

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7 tips to reduce your debts before you retire

As your working life draws to a close, your social life and recreational activities don’t have to. If you’re a little anxious about money still owing, here are a few pointers. Ahh retirement! You may have been dreaming about it for decades. You visualise yourself putting away your uniform, high-vis or corporate gear, farewelling that […]

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Learning the lessons of 2020: An extraordinary year

When the COVID-19 pandemic hit Australia in March 2020 it brought immediate and severe financial gloom. Shares plunged 37% and the economy slumped to its first recession in nearly 30 years. However against that backdrop, 2020 turned out far better for diversified investors than initially feared. The development of vaccines became the good news of […]

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Economic Update and Market Commentary

Risk assets including equities and credit continued to power ahead in April. Locally, the share market and the Australian dollar were supported by rising commodity prices. Investors continued to monitor Covid cases and the pace of vaccine rollouts worldwide. Thankfully there remain very few infections in Australia, although rising numbers elsewhere has provided a reminder […]

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Good news – Super contribution caps to rise

On 1 July 2021, both the concessional and non-concessional superannuation contribution limits, also known as ‘super contribution caps’, will rise. This is good news because this is the first time these limits have changed since 1 July 2017, when the concessional contributions cap was reduced to $25,000 pa for the 2017/2018 financial year and onwards. […]

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Saving for your child’s future

As every parent knows (even before they become one), raising a child isn’t cheap. And those expenses don’t necessarily stop once they reach 18. Parents often hope to help their adult children with significant financial milestones in life too. In this article we look at some of the main expenses for parents, how you can […]

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Transfer balance cap set to increase to $1.7 million

The amount of super savings that can be transferred into a retirement pension (whether you have one or more than one) will increase from $1.6 million to $1.7 million on 1 July this year, but not for everyone. Currently you can transfer a maximum of $1.6 million from your super savings into a retirement pension […]

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Why insurance is important: real benefits for you and your family

Insurance plays a central role in providing financial security for you and your family when it’s needed most. You insure your car and your home. But nothing is more important than your life and your ability to make a living. So it makes good sense to insure your greatest asset – you! As we move […]

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Your investment options and strategy

Building your wealth for the long term starts with a sound investment strategy. But with so many options outside your superannuation fund – from bonds to managed funds – where might you begin? Almost every type of investment come with risk Investments can help grow your money. However, there’s not only a risk associated with […]

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A family affair: Children, super contributions and SMSFs

The potential increase in members from four to six a in self-managed fund has led to many to consider about whether it is worthwhile to have children as members of the parents’ or ‘family’ SMSF. The options are: should the kids join the fund, have their own, or go elsewhere to an industry or retail […]

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2021-22 Federal Budget: What it means for You

As the COVID economic landscape continues to take shape, Australian Federal Treasurer Josh Frydenberg has handed down the 2021-22 Federal Budget. Among the proposed changes, he announced continuing tax relief for lower earners, help for older Australians to save for retirement and more assistance for first home buyers. Read on for a round-up of the […]

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What you can claim when working from home

Setting up a home office? Here’s how to create a comfortable workspace, while offsetting the extra costs of working remotely. If you’re among those who’s decided to say ‘so-long’ to the office, you’ve probably also realised that having the right home-office set up is essential for your productivity – and sanity. As many of us […]

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How to save for retirement in your 60s

Your 60s are the time in which you’re most likely to retire – according to the Australian Bureau of Statistics, of the Aussies who are planning their retirement, the average age they intend to retire is 65.5 years. But just because you’re getting close to retirement age, doesn’t mean you can afford to stop being […]

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How to recover from a financial setback

Financial setbacks can appear in our lives when we least expect it. Paying back a loan like a mortgage or settling debt can be overwhelming to deal with. As individuals, we must take control and choose how to react in tough times. Here are seven strategies that may help restore your financial wellbeing in 2021. […]

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How to reassess your spending and budgeting habits

There’s no denying the pandemic has significantly affected the finances of many Australians. Some of us are spending more, some are cutting back on non-essential spending and for others, the uncertainty has challenged us to save money for a rainy day, like never before. According to AMP research, around one in 10 Australian employees feel that […]

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How the gender pay gap is causing problems for Aussie women: Now and in the future

Women are entering retirement with significantly less superannuation and personal savings than men – leading to a growing class of women living out their golden years in poverty. We explore how the gender pay gap is adding to this growing epidemic. While most people have heard of the ‘gender pay gap’ (GPG), many of us […]

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Find your perfect savings account

Looking for a good savings account can sometimes be a little like looking for a good partner – the honeymoon period might be important, but so is achieving your happily ever after. While different features will suit different people, here’s a bit of a checklist of things you may want to look out for when choosing […]

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Relationship break-up entitlements when you’re a de facto

If you’ve recently split from your partner or are simply wondering what might happen if you do, you’ll need to keep your financial wits about you. A division of assets and debts, whether they’re held separately or together, may be on the cards. Here are some of the things to be aware of when it […]

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How to save for retirement in your 50s

For many people, your 50s are your golden years, a time when you may be at the pinnacle of your career and some of the big expenses you needed in your 20s, 30s and 40s have levelled out. But, while it may be easy to slip into a comfortable pattern of splurging on yourself and […]

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Five Financial habits to start in 2021

Like any habit, our financial behaviours are formed by doing the same actions repeatedly until they’re second nature. That’s great if you’ve got into the routine of saving regularly – but not so good if you’re one to whip out the credit card on impulse. With the right approach, you can turn those less-than-helpful financial […]

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Redefine your work life

Most of us want to put 2020 firmly behind us. But there were some silver linings from this tumultuous year. One positive was the chance to work from home. Australians whose jobs allowed them to do so discovered there were many personal benefits to working from your own home. You can save time and money […]

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Show your finances some self-love

Are you guilty of changing your spending habits when you’re in a relationship? Do you have a financial plan, or are you relying on a partner to take care of you in retirement? Whatever your situation, there’s never been a better time to step up and take charge of your finances. Your relationship status can […]

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Budgeting tips for students

Surviving on a student budget isn’t easy, but don’t worry, it can be done. Whether you’re studying remotely this year, or returning to campus, we have some great tips to help you manage your finances. Create a budget (and stick to it) No matter what your income, having a budget is the first step towards […]

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Budgeting for baby: What you need to know

Having a baby is an exciting and life changing experience. But what about the cost? There are many hidden and unexpected expenses that go along with your new bundle of joy. Follow our handy guide to planning your finances, so you can avoid any money worries once baby arrives. No two ways about it, having […]

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How to save for retirement in your 40s

How to save for retirement in your 40s Let’s start with the good news: studies show that your income peaks between the ages of 45 and 54. You’ll potentially have more money than ever – but you may also have unexpected or unwelcome expenses, like divorce. At this age you might also put retirement planning […]

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Australian housing finance is booming – but can it continue?

According to figures from the Australian Bureau of Statistics (ABS), the total value of new loan commitments for housing and within that, the value of owner occupier home loan commitments has reached record highs. Some key figures include: The total value of new loan commitments for housing rose 8.6 per cent to $26 billion (seasonally […]

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How much do I need to start investing?

While investing into traditional property might require a significant deposit, and a commitment to a long investment horizon, investing in shares, ETFs, managed accounts or managed funds can be accessed with a much smaller outlay along with the benefit of shorter term access to the value of your investment should the need arise. It’s all […]

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How to protect your finances from cybercrime

Cybercrime rose sharply in 2020, as more people worked, shopped and socialised online due to the COVID-19 pandemic. Anyone can be a target, so it’s essential to be proactive when it comes to protecting your finances and identity online. Our digital tools and technology were a welcome relief last year, allowing us to stay connected […]

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Change your spending habits and boost your happiness

After living through a year when our collective mental health took a beating, 2021 has brought with it a fresh sense of optimism and relief about what the future may hold. Like many people, you may be planning to do things differently this year. But before you work on a wish list of things to buy […]

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Economic Update

Introduction Volatility associated with November’s US election should finally be over, enabling investors to refocus on economic prospects and the outlook for corporate profitability and central bank policy. Joe Biden was sworn in as the 46th President of the US. The transition of power was far from smooth however, with pro-Trump demonstrators storming the Capitol […]

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What is risk appetite?

For some people, risk means excitement and opportunity. For others, it invokes feelings of fear and discomfort. We all experience a degree of risk in our everyday lives – whether it’s simply walking down the street or having investments in the share market. Everyone has a risk profile that defines their willingness to accept risk. […]

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Understanding account-based pensions

Once you decide to retire you can access your super as a lump sum or start an account-based pension (also known as an income stream) or do a combination of both. The benefit of starting an account-based pension is that it provides a regular tax-effective income during your retirement. How does an account-based pension work? […]

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The A-Z of Inheritance

Inheritance is an emotional subject on every level. The people leaving an inheritance generally do it with pride and love. The people receiving an inheritance often receive it with gratitude – and sorrow. But while emotional, it’s also a financial transfer that comes with a whole range of legal, financial planning and admin issues attached. […]

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Property investment vs shares

An age-old question is whether it’s better to invest in property or shares. There is actually no right or wrong answer. It all comes down to your preferences and approach to risk. Growth investments Both asset classes – shares and property – are considered to be growth investments. In other words, over time, a quality […]

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Four thoughts on cryptocurrency in 2021 and beyond

Some cryptocurrencies have experienced a surge in value (and interest) since the pandemic. However, there’s a long way to go before it becomes clear how to determine their fundamental value. Even the Reserve Bank is talking about cryptocurrency, having announced late last year it is exploring the potential use and implications of a wholesale form […]

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Five simple but effective financial strategies for 2021

2020 may be remembered as the year we’d rather forget. The terrible health consequences and fatalities associated with the spread of Coronavirus both here in Australia and around the world has taken a heavy toll on many of us; particularly for those who have lost loved ones and livelihoods. While nothing can replace the loss […]

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How much super should I have at my age?

A healthy super balance is a key ingredient to living comfortably in retirement. But for many people, retirement is a long way off, and it can be hard to know if your super is on track. If you’ve ever been curious about how your super savings match up, read on to find out. How much […]

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Rethinking retirement

If you were working towards a retirement date and Coronavirus has meant a change of plans, it can be hard to move the goal posts. Could you gradually reduce your hours to make stretching out your years at work more do-able? If your work is stressful, consider whether you could reduce or change your responsibilities. […]

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Get your affairs sorted with an estate plan

It’s an uncomfortable truth, knowing that one day we will pass away. No-one likes to think about the distress it will cause their loved ones or what kind of burden they’ll be left with. That’s why death is often considered a taboo topic of conversation, along with money and politics. When you pass away, hospitals […]

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How to start saving for your future in your 30s

Some big life changes – and big expenses – can occur in your 30s. The key to maximising your retirement savings now is making savvy, forward-thinking financial decisions. This becomes even more relevant when you’re surrounded by the current economic uncertainty. Short-term needs and expenses are front-of-mind and you might prioritise saving more money for a […]

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Five ways to make yourself more employable in 2021

If you’re among those who lost their job or missed out on work opportunities last year due to COVID-19, here’s what you can do to improve your employment prospects in 2021. Evaluate your transferable skills and competencies Start by taking stock of what you can offer a new employer. Everyone has useful skills and competencies […]

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14 money mistakes to avoid in your younger years

Here’s a list of things you could stop doing if you no longer want to rely on the bank of mum and dad, or that credit card. Going without a budget If you’re looking for somewhere to start when it comes to creating a budget, jot down what money is coming in, what cash is […]

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5 tips for creating your own good fortune this Lunar New Year

The Lunar New Year begins on 12 February, as we usher in the year of the Ox. Ancient Lunar New Year traditions are believed to encourage health, wealth and prosperity, so why not create your own good fortune with our guide to help you get your finances in order? Have a financial spring-clean Part of […]

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2021 – A list of lists regarding the macro investment outlook

Key Points: 2020 turned out far better for investors than was feared. 2021 is expected to provide solid returns and see a further rotation from pandemic winners to cyclical investments. Watch: coronavirus and vaccines; US politics; and the hit to immigration in Australia. Introduction 2020 turned out far better for diversified investors than had been […]

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Review of 2020, outlook for 2021 – from Pandemic to Recovery

Key points 2020 was dominated by the Coronavirus pandemic but shares saw okay returns on the back of policy stimulus and vaccine optimism, resulting in constrained but positive returns for balanced growth super funds. For 2021, the combination of massive policy stimulus and the prospect of vaccines allowing a return to something more normal by […]

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The right times for financial advice

COVID-19 has created uncertainty everywhere and impacted not just our health but our wealth too. From millennials to retirees, we’ve had to review our finances and adapt to the changing environment. We’ve seen volatile share markets, slashed dividends on bank stocks, record-low interest rates and sectors like airlines, tourism and traditional retail struggling to survive. […]

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The growth of contactless payments

It’s a very 2020 story. Your new homemade breadmaking skills are as uneven as the lump you lifted from your oven, so you pop down to the bakers for their tasty sourdough rolls. But as you make it to the front of the socially distanced queue and pull out your $10 note, the assistant points […]

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Majority of working Aussies to benefit from personal income tax cuts

Majority of working Aussies to benefit from personal income tax cuts Tax cuts proposed in the recent Federal Budget were passed in parliament on Friday 9 October, and you might see some of the benefits before Christmas. The government has brought forward tax cuts originally planned for 1 July 2022 and backdated them to 1 […]

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How to start saving for your future in your 20s

If you’re in your 20s, chances are that life could feel like a bit of a rollercoaster right now. The economic fallout of the coronavirus (COVID-19) may have knocked your personal finances for six and at the same time, you could be juggling new expenses and experiences for the first time, such as moving out […]

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Five ways to shop a little smarter this Christmas

If cash flow is looking a tad grim this year, here are some ideas to up the presents under the tree, noting it’s the presence around it that really counts. We don’t need to list the events of 2020 to say it’s been a big one, particularly as we approach the festive season, where many […]

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Creative holiday ideas to inspire you

Planning a holiday gives you something to look forward to. Even if you’ve been able to maintain a kind of normal during Coronavirus, most people have experienced additional stress from the uncertainty and isolation. This is especially true for Victorians who have had to endure a long and difficult lockdown period. No matter where you […]

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Why it’s important to think about insurance ahead of retirement

If retirement’s coming up on your horizon, you’ll be keen to make sure your plans stay on track. It makes sense to concentrate on things you can control, such as insurance. Too-high premiums can chew away at the foundations of your savings, at a time when they’re more important than ever. Under-insure and one day […]

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Economic Update

Australia: The Reserve Bank of Australia cut the official cash rate to a new historic low of 0.1%. The Treasurer released Australia’s latest Federal Budget. This was essentially a ‘no-surprises’ package of measures designed for Covid-19 challenged times. Given the scope of the challenge, the budget deficit for 2020/21 was unsurprisingly large, at $213.7 billion, […]

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How to get Aged Care at Home

Older people who are struggling to live at home and take care of themselves often face a dilemma. Many don’t want to move into aged care accommodation, but they recognise the gardening, cleaning, cooking or showering is impossible or becoming more difficult. Some worry about placing a burden on their loved ones, others can’t afford […]

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Many Aussies in the dark about retirement

There’s always been a lot of unknowns when it comes to retirement but throw a global pandemic into the mix, and we’re feeling more uncertainty than ever before. Things we once thought of as quite certain– like being employed, getting decent returns on investments and savings, and a continual rise in house prices – seemingly […]

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Nine keys to successful investing

Introduction As an investor it’s very easy to get thrown off by the ever-present worry list surrounding investment markets that relates to economic activity, profits, interest rates, politics, and so on. This has been magnified by a digital media where everyone is vying for attention and the best way to get this attention is via […]

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Preparing for retirement during Covid-19

Timing is everything. It’s true in comedy, and it’s also the case when it comes to retirement. After decades of work, moving to the next stage of your life is a time of great anticipation. Your super is at its highest, you’ve planned for a lifetime of retirement income… and then…. 2020 happens. In the […]

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Responsible and ethical investing

If you’d like your money to make a difference to the world as well as to your future, ethical investing may be for you. Almost nine in 10 (89 per cent) Australians would prefer to invest in a responsible investment option that considers ethical, social and governance (ESG) issues as well as financial returns. With […]

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What you need to know if you deferred your loan repayments due to COVID-19

With the initial six-month deferral period coming to an end, lenders have started contacting customers who deferred their home and business loans due to COVID-19. Over the next month, Aussie lenders will contact more than 450,000 borrowers to assess whether they can start repaying their loans. This includes at least 260,000 mortgage deferrals and 105,000 […]

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Five reasons why this downturn and subsequent recovery are different

Key Points This economic downturn and recovery differs from those of the past in that: the downturn was driven by a government shutdown; fiscal and monetary support has been faster and bigger; forced asset sales have been headed off; it’s dependent on containing coronavirus; and it’s seeing more rapid structural change. As a result, we […]

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A Joe Biden Presidency

Implications for Investors and Australia Key points: The US election has been close and final counting as well as legal challenges could still upset the result, but the now highly likely outcome is a Biden Presidency. While there is a possibility that the Democrats could win control of the Senate via runoff elections in Georgia, […]

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Where do we stand with our finances since COVID hit?

Everyone in Australia has been affected by the COVID pandemic to some degree. With disruption to our work and social lives, it’s one of the biggest changes many of us have ever faced. But what has it meant for our money and financial wellbeing? Nearly half of Australians are struggling A recent survey found that […]

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How to make a financial plan

A financial plan can help you build wealth over time, aiding the protection of your financial future. If that sounds like a good idea, it could be good to find a trusted financial adviser who can help you on this journey. Australians are increasingly recognising the value of financial advice with 27 per cent having […]

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Aussies saving for a rainy day instead of a holiday

Not many people can say they’ve been unaffected by COVID-19. Whether you’ve lost work, had hours reduced or been fortunate to maintain employment, COVID has been a wake-up call for how we manage our money and set financial goals. How are we managing? Many of us are doing smart things such as: 29% are cancelling […]

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Six steps to building good financial habits

How financially secure do you feel? Recent research1 into Australians’ financial wellness – which is a person’s satisfaction with their current and future financial situation – revealed that people with good financial habits feel more financially secure. It sounds like a no-brainer. But adopting good financial habits isn’t always as easy as it sounds, start […]

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Five tips for a better retirement

Retirement is an exciting time. It’s the long-awaited reward for a lifetime of work and, if you’ve planned it correctly, it heralds a life stage synonymous with relaxation and enjoyment. However, to make sure your retirement is everything you’d hoped for, it’s crucial to make smart decisions to help you stick to your financial plan, […]

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Five things to consider when saving for a house deposit

Before you can step onto the property ladder and buy your first home, you’ll likely have to do some serious saving to build up a deposit. Here are some things to consider that can help get you started, and on the road to home ownership sooner. Work out your current situation  It might sound obvious, […]

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Federal Budget 2020 | What it means for you

Overview The COVID-19 pandemic has had a profound impact on Australia’s health system, community and economy. The Government has provided $257 billion in support to cushion the economic impact of COVID-19. In doing so, the Treasurer had the unenviable task of revealing the Budget deficit will increase to $213.7 billion this year. The focus of […]

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A guide to active and passive investing

Investment funds can be broadly split into two categories – active and passive. And while both options play a part in an investment portfolio, it’s important to understand how each works before allocating money to them. Basics of passive investing Passive investing has gained momentum in Australia, and beyond, over the last decade. It could […]

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Why financial wellbeing is a pillar of good health

When we talk about financial wellbeing, what do we mean? More than just earning an income, financial wellbeing is about having financial security and the freedom to make choices. There are three interrelated aspects to good financial wellbeing: The ability to meet your expenses and have money left over. Feeling and acting in control of your finances. […]

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Term deposit vs savings account

Putting your money into a savings account, or in the alternative, a term deposit, are two common methods of saving. Working out whether either of these options are right for you depends on your personal and financial circumstances, as well as your saving goals. Here are some of the common features and benefits of each. […]

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Give yourself a new financial year check-up

Financial year 2019-20 is now behind us and there’s nothing like closing a chapter to inspire thoughts of a fresh start. But global challenges persist: Australia is officially in a recession while also bracing for a post-Job Keeper economy in September. While it’s impossible to anticipate future changes to the global economy, there’s plenty you […]

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5 common financial mistakes to avoid during a crisis

The economic impact of the COVID-19 pandemic is playing havoc with finances for many households. In an ideal world, the financial boost should be enough and assumes that everyone was financially prepared for tough times. But in times of crisis, it can all be a little overwhelming. Here are 5 common financial mistakes to avoid […]

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Financial counsellor or financial planner: What’s the difference?

Ok we get it, knowing where to turn to for financial advice can be confusing sometimes! Financial planners and financial counsellors are both types of financial experts, so which one is right for you? To answer this question, start by considering why you’re seeking financial advice. Is it to improve your financial wellbeing? Plan for retirement? Manage […]

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Five ways to help prepare your finances for a recession

If you think storms may lie ahead, it makes sense to prepare your craft for choppy waters. With Australia facing continued economic uncertainty, it may be time to take stock of your finances and get in the right shape. However, if you’re worried about the threat of redundancy, your investments or your retirement plans being disrupted, […]

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What tax deductions can I claim working from home?

According to the Australian Taxation Office, there are three ways to claim your home office running expenses. The actual cost method Under this method, your tax deductions include the actual costs of work-related expenses. This applies to things such as the costs of your home office furniture and fittings, as well as equipment such as […]

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Should you give your teenager a credit card?

We live in a culture of smartphones, WIFI, home delivery, online shopping and online gaming, where most needs and wants can be met almost instantly. With so much temptation to spend, it’s vital to teach your kids the money skills to help them enjoy financial wellbeing as adults. But should you give your teenager a […]

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How seniors can come out of isolation on top

There’s no denying that staying home has been the best defence against Coronavirus. The less contact you have with other people, the easier it is to stay healthy. But staying at home day after day has been a tough ask – especially for people who live alone. Being unable to hug your grandchildren, catch up […]

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Get on top of your finances post COVID-19

As lockdown restrictions begin to ease Australia-wide, a new normal is emerging for businesses and employees. While it’s too soon to say what the post-lockdown economy will bring, for many Australians life won’t be quite the same as it was before COVID-19. Record job losses, reduced hours of work and the deferral of dividend payments […]

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Essential apps for budgeting and saving money

Determined to master your money and stick to a budget in 2020? It doesn’t have to be boring or difficult if you keep it simple, and easier still if you let technology do the heavy lifting for you. 1. Pocketbook Pocketbook automatically organises your spending into categories like clothes, groceries and fuel, showing you where money is […]

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Early access not so super for women

The COVID-19 crisis has seen many Australians taking steps to stay afloat with their finances. With women more likely than men to withdraw super to make up the shortfall in their income, what does this mean for their long-term financial wellbeing? Here are 5 reasons as to why a super withdrawal during this time could […]

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Essential checklist for the end of financial year

The end of financial year on 30 June is a good time to take stock and get your finances in order. Being prepared, reviewing your super contributions and submitting your return on time are good policies every year, but the shadow of COVID-19 (coronavirus) means many of us face unexpected pressures in a changing economic […]

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Staying afloat through the COVID-19 crisis

We’re dealing with a health crisis that no one in our lifetime has experienced, which is having an impact on global and domestic economies that no one could have forecast. Entire industries – tourism, entertainment and hospitality – have ground to a halt, and with them jobs. For Australians in these industries, not only are […]

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Why it’s important to think about insurance ahead of retirement

Finding the right level of insurance cover is important when you’re thinking about retirement. If retirement’s coming up on your horizon, the impact of COVID-19 (Coronavirus) may have thrown a warehouse-sized rack of spanners in your planning. It makes sense to concentrate on things you can control, such as insurance. Too-high premiums can chew away […]

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