The best money blogs and financial advice for 20-somethings Are you a 20-something, a Millennial, a Gen Y or a Gen Next? Actually, it’s a trick question, as they’re all the same thing. Whether you believe such a label applies to you or not, you may think managing your money better isn’t something you should be doing until you’re 30-something and living in your own home with kids. Here we feature some money blogs to …
Five important issues to consider before tying the knot Before your big day, much of the financial talk may have been around budgeting for your wedding and planning your honeymoon. But while not nearly as exciting, there’s another vital part of your new partnership that should be considered: your future finances. Finances can be one of the biggest sources of stress and tension in a marriage. However, open communication and careful planning now can help you avoid …
Old and new money lessons for kids One of the most important things you can teach your kids is how to manage their money as this will help them better face the challenges of adulthood. In our world of ever advancing technology, children often don’t see physical money being exchanged. In fact, some Scandinavian countries are even doing away with physical cash altogether. These days, money can be moved with the swipe of plastic card …
How Australians save money Of those who make a savings resolution, 85% have a specific target in mind.(1) Average savings target is $11,234(1). Top 3 savings goals(1) 53% holiday 46% rainy day fund 40% buy or renovate a home. Other top money goals(2) Build wealth for retirement Pay off debts Set up a budget Get debts under control Invest in shares, bonds or commodities Buy an investment property. Top reasons people break financial resolutions(1) …
What’s debt consolidation and do I need it? Stuck with a post-Christmas spending hangover? Debt consolidation could be a solution, but tread carefully: there are no easy fixes. Debt consolidation involves taking all your monthly debts – for example, from your credit cards, store cards, mortgage, car and other loans and so on – and rolling them into a single low interest rate loan. If you are rolling all your debt, including high interest rate …
Handy hints to create a better budget for you Nearly two out of five Aussies believe budgeting is too much effort, but these quick tips could make it a simpler task. Around 75% of Aussies will be going into 2018 with no specified budget, according to a survey by AMP, which—reality check—is probably going to make achieving financial goals, whether it’s getting out of debt, going on that long-overdue holiday, or saving for something big, a little …
What you need to know about buy now, pay later services Take your product home, pay for it within the specified timeframe, get charged 0% interest. What could go wrong? Branded the modern-day layby, ‘buy now, pay later’ services essentially offer the same thing, except you get the product up front—the outfit, the watch, even certain domestic flights within Australia. If you haven’t heard of buy now, pay later services, or are keen to know …
Love and money? It’s not about control With Valentine’s Day around the corner, it’s a good time to explore shared ideas, and how you manage money as a twosome. Our approach to managing household finances can make a big difference to the health of a relationship. Thankfully, the old line about “I earn the money. She spends it” no longer has relevance in modern relationships. Today’s lifestyles, housing commitments and our career ambitions mean that …
7 healthy habits that could improve your bank balance this year See how you could benefit your body, while upping the change in your back pocket at the same time. For many of us, the new year often begins with good intentions and a handful of new year resolutions, which may or may not begin right on 1 January. You might be working toward the day you return to work, or sometime over the next few …
01 February 2018 Higher global inflation and higher bond yields – what’s the risk and implications for other assets? Key points Rising global growth and rising commodity prices indicate the risks to inflation are gradually moving to the upside. This is most acute in the US with the Fed likely to raise rates more than the market expects this year. This supports the view that the 35-year super cycle decline in bond yields is over. …
