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 …

Top tips on how to save money

Top tips on how to save money You may be keen to put more money aside to achieve your goals. But it can be hard to know where to start making savings.  If you can get in the habit of tracking your spending, you’ll be on your way to creating a budget and savings plan that may help you reach your goals faster and with more confidence. Read our money saving tips below to get …

7 Ways to improve your financial health

7 tips to improve your financial wellness What is financial wellness? How you feel, is your wellness. How you feel about your money is your financial wellness. This can be measured by the financial wellness index, which measures a person’s satisfaction with their current and future financial situation. The impact of financial stress Some days you might feel confident you can meet your needs within the boundaries of your current income, whereas other days you …

From spender to saver

From spender to saver After a bit of a wake-up call we managed to change our money habits….here’s how we did it Before I start I’d better explain our attitude towards money. We were having dinner with friends the other day and they were regaling us with tales of getting stuck into their spreadsheets on Saturday nights. It’s what they do for kicks, apparently. When they left, we were all ‘Gee, what are they like? …

How to reassess your spending and budgeting habits

  How to reassess your spending and budgeting habits From our spending habits to our saving trends, the pandemic has changed the way many Australians think about money. Learn how to reassess your financial situation and create a fresh budget for 2021. 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 …

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

Relationship break-up entitlements when you’re in a de facto If you’re wondering who’ll get the home you’re currently living in, the car, or boat if you have one, we answer some of the commonly asked questions, so you’re across your rights and responsibilities. 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, …

14 money mistakes to avoid in your younger years

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. In your 20s and 30s, you might be saving for a car, your own pad, or an overseas trip (COVID-19 can’t last forever, right?). On the other hand, most of your cash might just be covering the latest additions …

The benefits of contactless payments

The growth of contactless payments COVID-19 has accelerated our move towards a cashless society. If you can’t tell your Apple Pay from your AirPlay, now’s a good time to consider the benefits 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 …

5 ways to shop smarter this christmas

5 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 common face-to-face interactions will be limited to a phone or video …

How financial advice can help

How financial advice can help Even if a person has a small asset base and no funds to invest, the help and guidance of a financial adviser can be valuable. Accumulating wealth is a long-term process. It usually occurs parallel to a person’s professional, private and family life. A good approach can be to have a few key strategies in place so that wealth can grow through life’s journey. It’s perhaps more common to seek financial …