How important is money to your wellbeing?

How important is money to your wellbeing? Having more money should make us happier right? According to a number of different research reports, feeling good about life comes from a feeling of control over your finances, rather than how much money you have. Get tips on how to change your ways to boost financial wellbeing. The wellbeing formula for Australians After spending 15 years exploring what contributes most to the happiness of our population, Australian …

I’m young – do I need life insurance now?

I’m young – do I need life insurance now? Life insurance is usually not something people think about until they begin to accumulate assets, debts and dependants. And there can be a fair amount of information to sift through, including some little known and commonly misunderstood facts. But you shouldn’t leave it too late in life to think about your cover. By ensuring you have appropriate cover when young and fit, you could save yourself …

5 financial hacks to set you up for life

5 financial hacks to set you up for life With life’s big financial milestones just around the corner getting off to a good start in your 20s and 30s will help set you up for financial freedom later in life. We asked senior financial adviser, Nga Vu, from Kearney Group, for some simple ways to manage your finances each step of the way. Getting married Q: Transitioning from ‘my’ money to ‘our’ money can be tricky. …

So you’re… starting a family

So you’re… starting a family Starting a family will bring you plenty of joy, but it will also create many challenges. In addition to possible sleepless nights and changes in your lifestyle, it could also affect you financially. First, there are the costs of raising a child. Research published by the Australian Institute of Family studies in April found the minimum weekly cost of one child in unemployed and low-income families ranges from $140 to $170 a …

Your guide to getting the right personal insurance

Your guide to getting the right personal insurance Knowing you’re covered for what life has in store can really take a load off your mind. Our no-nonsense guide to personal insurance can get you on the right track to choosing cover that gives you peace of mind.   Online source: Produced by The Financial Financial Planning Association of Australia and published on 20 November 2017.  Original article.  

Life cover – do you even have it?

Life cover – do you even have it? If you have family, dependents or debt, life insurance might be important, but one in four Aussies don’t know whether they have it. If you die and your life is insured, your beneficiaries receive a lump sum pay-out. This money can be the difference between the people who matter most to you enjoying a decent lifestyle or facing a financial struggle, yet one in four Australians aren’t …

Planning to avoid financial mistakes

Planning to avoid financial mistakes Selling shares when prices have tumbled or buying a house at the height of a property boom only to dispose of it when the market falls are among the financial set-backs that can happen to anyone on the road to retirement. Everyone makes mistakes during their investment lifetime; the trick is to avoid them when you can and learn from the ones you can’t. Have a plan Failing to plan …

Watch out for tax scams

Watch out for tax scams Tax time is approaching and that means a juicy refund may be just around the corner. It’s a busy time for scammers too, and last year alone 48,000 Australians fell prey to tax scams between July and October. Already this year, the Tax Office has registered over 17,067 scam reports with victims collectively losing $1.5 million to fraudsters. That makes it worth knowing what to watch out for to keep …

How to take the tension out of your building project

How to take the tension out of your building project Building projects generally are not easy to get right, so it’s important to set the right framework from the start. Proper planning is the key to getting a project done on time and close to budget, and that hinges on laying some basic foundations. You can take some of the stress out of your project, whether you are renovating or creating something from scratch, by …

Protecting your wealth

Protecting your wealth What is insurance? Insurance is a form of protection – a way to protect yourself, your family and the things you own if something goes wrong. It enables you to replace or repair your assets, whether those assets are your belongings or your capacity to earn income. Everybody’s circumstances are different, but insurance is important for everybody. Your need for insurance will change as you move through the different stages of your …