FP – Community and Lifestyle

What the manufacturing downturn means for investors and the economy

What the manufacturing downturn means for investors and the economy After a post-Covid boom, manufacturing around the world is slowing down, which is affecting the global economy. Manufacturing took a hit during the initial stages of the pandemic in 2020 but rebounded quickly in 2021 thanks to massive monetary and fiscal stimulus. However, as monetary policy tightened over 2022-23, conditions weakened, and activity is now contracting. Until now, demand for services has helped to balance …

FinancialPartners 13/09/2023 20/09/2023 Blog / E - Economics / FP - Community and Lifestyle / FP - Financial Planning

Fact sheets: Financial planning strategies

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…. Maintaining your income What is transition to retirement? Transition to retirement is a strategy that can help you reduce your working hours while maintaining the …

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How are Australians views around home ownership changing?

Demographer Bernard Salt shares his insights. To find out more visit: www.amp.com.au/whateverwealthyyouwant Original Author: Produced by AMP and published on 18/08/2023 Source

FinancialPartners 21/08/2023 18/08/2023 AMP YouTube / Blog / FP - Community and Lifestyle Are / around / Australians / Author Produced / Bernard / changing / Demographer / find / Home / How / insights To / more / Ownership / Salt / Shares / views / visit / wwwampcomau/whateverwealthyyouwant Original

How to prepare financially for starting a family

How to prepare financially for starting a family Starting a family is exciting, but it can also mean big changes to your lifestyle and your finances. As expecting parents, it’s natural to have questions around family finance planning. One of the main questions you may have when starting a family is “how much do babies cost?” According to research, it costs an average of $140-170i. It could help to plan and have a family budget …

FinancialPartners 26/07/2023 20/07/2023 Blog / FP - Community and Lifestyle / FP - Financial Planning Family / financially / for / How / prepare / starting / To

Should you give your teenager a credit card

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. One of these key skills is learning how to deal with debt responsibly. Researchers from Cambridgei University found that children …

FinancialPartners 13/07/2023 20/06/2023 Blog / FP - Community and Lifestyle / FP - Credit & Finance / FP - Financial Planning Card / Give / Should / teenager credit / You / Your

Can you teach your kids to defer gratification?

Can you teach your kids to defer gratification? When it comes to teaching kids about healthy money habits, there are few lessons more important than being able to defer gratification. By helping kids learn to put off what they want right now and save instead, they’ll be better equipped with the skills to be financially secure adults. While it is possible to help kids have a money-saving mindset by teaching them to delay gratification, it’s …

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Understanding Lender’s Mortgage Insurance (LMI)

Understanding Lender’s Mortgage Insurance (LMI) If you’re looking to buy a home or investment property, or considering refinancing, it helps to understand the role of lender’s mortgage insurance. What is lender’s mortgage insurance? Lender’s mortgage insurance (LMI) protects your lender when you take out a home loan where there’s an increased risk associated with your loan. If you have a deposit of at least 20% of a property’s purchase price, generally you won’t be asked …

FinancialPartners 27/06/2023 19/06/2023 Blog / FP - Community and Lifestyle / FP - Credit & Finance / FP - Financial Planning (LMI) / Insurance / lender’s / mortgage / Understanding

The benefits of reaching your 60s in Australia

The benefits of reaching your 60s in Australia The upside to getting older is becoming eligible for government benefits that could help lower the cost of living. So, it’s the big one. Sixty years old. It’s hard to believe… In a youth-obsessed culture it seems we’re constantly being reminded about the downside of getting older. And it’s true there are some aspects of ageing that are less than optimal. The body can get a bit …

FinancialPartners 26/06/2023 19/06/2023 Blog / FP - Community and Lifestyle / FP - Financial Planning / FP - Pre - Retirement Planning / FP - Wealth 60s / Australia / benefits / reaching / Your

Financial Wellness – The rise of financial stress costing $67 billion in lost productivity annually.

Financial Wellness – The rise of financial stress costing $67 billion in lost productivity annually. AMP’s 2022 Financial Wellness research shows the number of workers severely stressed about their finances is at record highs, with an estimated one million Australian employees severely financial stressed, more than doubling since 2020. Original Author: Produced by AMP and published on 07/09/2022 Source

FinancialPartners 07/09/2022 07/09/2022 AMP YouTube / Blog / FP - Community and Lifestyle $67. billion / 2022 / AMP's / annually. / costing / Financial / financial stress / lost / number / Productivity / Research / rise / severely / shows / stressed / wellness / Workers

10 money conversations to have when your relationship’s heating up

10 money conversations to have when your relationship’s heating up It’s probably not the sexiest thing the two of you have on the to-do list but putting it off could see you butting heads. Whether or not money issues got in the way of past relationships, you may be thinking, there’s no way you’re going to pull back on that long passionate kiss you might get after work today to drop the f bomb (I’m …

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