Difference

Term deposit vs savings account: what’s the difference?

Term deposit vs savings account: what’s the difference? Term deposits offer certainty and savings accounts offer flexibility. Here are some other common features and benefits of each. Putting your money into a savings account, or a term deposit, are two common methods of saving. Working out whether either of these options are right for you depends on your personal and financial circumstances, as well as your savings goals. To look at this simply, a separate …

FinancialPartners 28/06/2023 19/06/2023 Blog / FP - Financial Planning / FP - Saving Account / deposit / Difference / Investment & Market update videos from AMP Capital / Savings / Term / The / vs / What’s

Retirement planning: new insights on what clients need most | Money & Life

Retirement planning: new insights on what clients need most What can make the biggest difference to wellbeing in retirement? According to the new Best Possible Retirement Index (BPR Index©) from CoreData, having more in super savings isn’t always the answer to living a better life in retirement. Typically, Australians worry about money more than they worry about anything else and this can have many negative impacts on our lives. The good news is that financial …

FinancialPartners 15/04/2020 21/04/2020 Blog / FP - Financial Planning / Money & Life - Professional / Money & Life - Work & Retirement / Money & Life by FPA According / Best / biggest / Difference / Make / possible / Retirement / wellbeing / What

Budget smarter with the 50/20/30 rule

Looking at your spending in a new light could make a substantial difference to your financial future. The 50/20/30 budget rule works for one main reason – it’s easy. You’re new to budgeting. You know how much money you make and have a rough idea of how much you spend. But you’re not really sure about what, exactly, you’re spending it on, or if your spending patterns will benefit you in the long run. The …

FinancialPartners 11/03/2020 11/03/2020 Blog / E - Economics / E - Insights Papers / E - Market Update / E - Oliver's Insights / FP - Financial Planning Could / Difference / Financial / Light / Looking / Make / spending / substantial / Your

Boost savings with compound interest

Boost savings with compound interest If your goal is to save for the future, or perhaps start putting away for your children’s education – then unless you plan on putting your savings under your mattress, the sooner you start the better. That’s because you could be missing out on earning compound interest along the way that could make a stark difference to the overall amount you save. The difference between simple interest and compound interest …

FinancialPartners 13/11/2019 24/10/2019 Blog / FP - Financial Planning / FP - Investment / FP - Managing Money / FP - Money Management / FP - Saving between simple interest / Boost / Boost savings / Boost savings with compound interest / compound / Compound interest / Difference / difference between simple interest and compound interest / Interest / Saving for the future / Savings / Simple interest / Tax on compound interest

Do You Know the Difference between Needs and Wants?

Do You Know the Difference between Needs and Wants? What’s one reason why people aren’t able to save money? They don’t know the difference between their needs and wants, resulting in too many unwanted things spilling out of your cupboards, closets, and drawers. In order to prevent their desires from controlling their thoughts, they need to differentiate between what they need and what they can do without. Here’s how to start: 1. Make a List …