Why saving is behaving Did you know there are 293 ways to make change for a US dollar, but only 50 for an Australian dollar? Cashiers in America must have jumped for joy when debit cards became the rage. Is your bank taking you for a ride? We all have our own methods of saving money. Some are strict―people who set a budget for the week and won’t buy a fourth glass of shiraz if …
When can I access my Super? Superannuation is generally intended to help fund your retirement, but there are instances where you may also be able to withdraw your super savings early, depending on your situation. Here is a high-level summary as to when super may be accessible to you. When you retire (and have reached your preservation age) Typically, you can access your super when you’ve reached your preservation age and you retire. Find your …
9 money mistakes to avoid in retirement How to keep your finances on track once you leave the workforce When you’ve worked hard all your life to build up your nest egg, the last thing you want to do is fritter it away too quickly. In this article, we look at the common money mistakes people in retirement make, and how you can do your best to avoid them. 1. Not taking control of your …
Take control of your finances now for the new financial year. If you set yourself money goals at the start of 2019, the upcoming new financial year is a great time to check if you’re on track. And if you didn’t set any goals – or if you have strayed off track – this is the perfect time to get organised, write a checklist and stick with it! Don’t wait until 1 July to start. …
How to save money Saving money doesn’t just happen, but these steps could help you to reach your saving goals sooner. How Australians save Research has found that almost three quarters of Australians surveyed save by putting spare money into a savings account, whether they do this themselves or via an automatic transfer. Other popular savings methods include keeping savings money in an account they can’t touch, building up extra savings in their transaction account …
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 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 …
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 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? 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 …
