Step one: what are your financial pain points? When you start making plans, chances are you’ll both come across financial pain points. In other words, the areas that need some attention and possible alterations. These might include: post-wedding or honeymoon debts different earning capacities different savings goals different spending habits disagreements you’ve had in the … Read more
Key points: The Intergenerational Report 2023 released by Treasury gave Australians insight into the national economy from 2023 until 2062 – 2063 The care and support sector and its workforce were projected to double over the next 40 years The paid workforce participation rate was expected to dip from 66.6 percent to 63.8 percent, due … Read more
One of the biggest challenges first home buyers face at present is saving for a decent deposit. While there are definitely some advantages to buying as a couple compared to on your own, pooling your savings for a deposit can put a strain on even the most solid relationship. So here are some tips to … Read more
It has been a wild ride for the Australian dollar since the Covid-19 pandemic struck and that could mean good news or bad news for your investment portfolio. In March 2020 the Aussie dipped below US58 cents for the first time in a decade. Since then, a high of just over US77 cents in 2021 … Read more
If you find a transaction in your account that you don’t recognise, it could be unauthorised or mistaken. If you think something is wrong, contact your bank as soon as possible. Signs of unauthorised and mistaken transactions An unauthorised transaction is when someone transfers money from your account without your permission. A mistaken transaction is when when you pay … Read more
Preparing to retire is emotional and practical. Making a retirement plan can help you manage your finances, and cope better as your life and priorities change. Make a retirement plan Your retirement plan can be simple or detailed. Include: Timing — when you want to retire. This could change, but it’s good to have a starting … Read more
Iron ore has been the backbone of the Australian economy and many investment portfolios for much of the 21st century. Export of the commodity saw Australia evade recession both in the wake of the Global Financial Crisis back in 2008 and the Covid epidemic. In 2021, resources accounted for 68 per cent of Australia’s export … Read more
What is the First Home Owner Grant? The FHOG was introduced by the Federal Government in 2000 to assist first home buyers with purchasing a home. Since then, the rules around it have repeatedly changed. While the FHOG is a national scheme, it’s funded by the states and territories—and administered by each of them individually. … Read more
If you are saving for a long-term goal, it can feel like you have to miss out on things such as travel to keep your savings on track. That’s not necessarily the case, it is possible to have a fantastic holiday without breaking the bank or derailing your savings plans. Let’s face it, cost of … Read more
As a home owner with a mortgage, chances are you’ve heard of the term ‘refinancing’. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your current needs, wants and circumstances. Refinancing can also allow you to consolidate your debts or pay down your mortgage more quickly. … Read more
When you run your own business a good retirement plan can bring real peace of mind. Read more about your options – and why it’s never too early to start. Planning your retirement When you’re busy running your own business retiring could be the last thing on your mind. But planning your retirement well in … Read more
What’s a debt consolidation loan? A debt consolidation loan is a way to combine all your debts – credit card, personal loans, store card etc. – into one loan so you’ll be making repayments in one place. It means that you can take a breath and take back some control. It also means no multiple annual fees, … Read more