What to look for on your super statement

What to look for on your super statement Super statements come but once a year (or twice with some funds). When yours arrives, it’s important to take a proper look because it could become one of the biggest assets you’ll ever have. Here’s our quick guide to what you should watch out for and why. 1. Personal details Check your name and address are present and correct. Not having the right details could lead to …

The wallet challenge – savings and budget checklist

The wallet challenge – savings and budget checklist Budgeting and savings might sound very basic, but many people find it difficult to get these fundamentals right, or don’t have these in place at all. Here are some tips to help you get started, and on the right track to building your personal wealth. Have a plan If you are planning to go anywhere, you will need to know your starting point and destination, otherwise you’ll just …

Investment checklist: Developing an investment strategy

Investment checklist: Developing an investment strategy No matter what stage of investing you are at, it’s important to have a strategy that matches your goals and personal needs and to keep checking that it’s working for you. Here’s a checklist of issues and questions to help you along your investment journey: Your destination: Are you clear on why you want to invest and what you want to achieve? For example, do you want to accumulate money …

Seven rules for success

Seven rules for success If you’re ready to start living your dreams, it might be time to change the rules you live by. Actor Charmaine Bingwa and CEO Kylie Travers tell us about the rules that have kept them moving on the path to success. 1. Know what your values are When you set goals that connect with your values, it’s easier to make decisions and take action that moves you towards them. “Working out your core values –  …

Investing for a rainy day: Key investment concepts you should understand

Investing for a rainy day: Key investment concepts you should understand Rather than saving for a rainy day, as the old saying goes, why not save and invest now to achieve your future financial goals? Here we look at some advice from leading financial planners on the key concepts that should inform your investment strategy. Chris Giaouris, CERTIFIED FINANCIAL PLANNER® professional, partner and principal advisor at Chronos Private in Melbourne likens having an investment strategy to going on …

Top 5 financial regrets

Top 5 financial regrets We all make bad decisions about money from time to time. But what if you could avoid future financial errors by learning what others have done and wish they hadn’t? In our Live the Dream survey we asked Aussies for their top financial regrets so you can learn from their mistakes. 1. Not saving enough More than one in three people surveyed wish they’d saved more. A strong saving habit is …

Wealth creation – what works for financial planning clients

Wealth creation – what works for financial planning clients Want to know how to set yourself up for a better financial future? Get tips from 6 top financial planners on behaviours that lead to success in wealth creation. 1. Set goals and make a plan – Michelle Tate-Lovery CFP®, Principal Adviser and Director, Unified Financial Services Knowing what your goals are and how you’re going to get there is a very important first step on the …

Where does all my money go? Save money on your three biggest expenses

Where does all my money go? Save money on your three biggest expenses The three biggest drains on our money are paying for housing, food and transport. And there’s no getting away from the fact that it is unlikely we can live without any of the “big three”. Here we look at some ways of how to save on these items. Saving on rent in the Big Smoke It can be hard to save money …

Sharing financial wisdom between the generations

Sharing financial wisdom between the generations Money know-how can come from anyone, young or old. When it comes to financial wisdom, author and speaker Kylie Travers and actor and singer Charmaine Bingwa have taken their lead from the previous generation. Save and save some more There’s no getting around it, getting on top of your finances means saving and saving means having discipline. Both Kylie and Charmaine learnt from their parents – and grandparents in …

To save or invest?

To save or invest? In today’s low interest rate environment, it’s hard to get ahead with your savings to buy a home or other personal goals. But if you don’t have much to lose is it too big a gamble to be investing your money instead? This article draws on expert advice from a planner about whether investing is a good option for making more from the money you have. We’ll talk about different strategies …