What kind of money parent are you?

What kind of money parent are you? Many parents approach the topic of money differently, but could your way of doing things influence your kids’ success? The majority of Aussie mums and dads recognise that they’re accountable when it comes to shaping their children’s perspective around money matters. A recent report published by the Financial Planning Association of Australia (FPA), revealed parents listed themselves (95%), followed by grandparents (63%) and teachers or coaches (59%) as …

Ways to invest your money

Ways to invest your money If you’re interested in seeing what your options are outside of investment property and super this article explores some of the different investment options available. Cash investments If you put your money into cash investments (including savings accounts and term deposits), the returns will often be lower in comparison to other investment products. However, these types of investment options typically provide stable, low-risk income in the form of a regular …

Women and Money:

Women and Money: Challenges and financial strategies Many women are still lagging behind in their longer term super savings.i There are several reasons for this that are often out of a woman’s control. However, women can try certain strategies to improve their financial situation. What’s holding women back financially? Women face some very real and specific challenges when planning to put money aside for the future, including: Juggling day-to-day demands – Caring for others and managing household …

Things to avoid as a newbie investor

Things to avoid as a newbie investor Whatever your age, if you’re thinking of dabbling in investments like shares, managed funds or cryptocurrencies, here’s a list of common mistakes which are generally worth steering clear of. 1. Failing to plan When looking to invest, it’s generally wise to think about: your current position and how much you can realistically afford to invest (consider what other financial priorities you have or existing debts you may be …

10 money conversations to have when your relationship heats up

10 money conversations to have when your relationship heats up It’s probably not the sexiest thing the two of you have on the to-do list but putting off talking about your financial expectations could see you butting heads. If you have been together for a while or are edging on making a big financial decision together, having the money talk could make a big difference to whether you go the distance. Here is a list …

Are you a money pushover?

Are you a money pushover? Being loyal, generous and spontaneous are all positive human traits. But if you’re spending more than you need to because you can’t say no, then it could be time to own up to being a money pushover. Get tips on how to stop compromising on your finances and start standing up for yourself. If you’re shy about coming forward to collect money you’re owed and always the one picking up …

Your no. 1 financial focus – decade by decade

Your no. 1 financial focus – decade by decade Everyone has a different life journey they’re on. But getting on top of key financial goals as you follow your own path could see you enjoying a more comfortable lifestyle and being ready for the next chapter to begin. Read our guide to getting all your money matters sorted out, one decade at a time. In your 20s Goodbye debt – the real danger in your 20s …

8 family finance tips to have more money

8 family finance tips to have more money How can you make a difference to your family finances in the year to come? By acting on even one of these eight tips you could be finding yourself a lot better off in 12 months’ time. And if you do all eight, the sky’s the limit. Cameron McLean is a Financial Planner AFP® with Acumen Wealth Management in Perth. His special area of interest is helping families to be …

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 …

How to talk to your kids about money

How to talk to your kids about money Children first learn about money and how to manage it – earn, spend, save, invest, give it away – from watching and listening to adults. When we share positive behaviour and are frank about money, we create realistic expectations for children and we empower them to become financially capable adults. So, why not weave smart money lessons into your everyday moments? Download our free eBook now for ideas and …