15 common sense tips to help manage your finances Download PDF version Dr Shane Oliver – Head of Investment Strategy and Chief Economist, AMP Key points Getting your personal finances right can be a challenge at times. Here are some common-sense tips that may be of use: Shop around when it comes to financial services. Don’t take on too much debt. Allow for interest rate to go up and down. Contact your bank if struggling with mortgage …
Should you merge your finances with your partner? If you’re in a relationship, it can be tricky to work out when to start sharing income and expenses. Here are a few ways to successfully merge money as a couple. The COVID-19 pandemic has changed many aspects of our daily lives, and romance is no exception. While lengthy separations have led some relationships to end, other couples are choosing to move in together more quickly than …
Money worries and your mental health Worrying about your finances can take a real toll on your mental health. With many people experiencing financial stress this year, we look at what you can do to improve your financial (and mental) wellbeing. It’s been a trying time for many people, with our collective mental health taking a toll as the COVID-19 pandemic rolls on. The Melbourne Institute says one-in-three Australians are now reporting financial stress, while one-in-five are …
How to give your finances a health check How healthy are your finances? Isn’t it time you put your own financial wellbeing front and centre? You can take control of your financial future quickly and easily, with a simple financial health check. Just like your physical health, it’s worth giving your finances a check-up once in a while. Over time, unhealthy spending habits can creep in, threatening to derail your progress. Here’s how to give …
Smart strategies for paying down debt To get on top of your finances, clearing debts is essential but how can you find a strategy that’s going to work for you and your money habits? Explore some of the ways to go about tackling your debts so you can start working towards your other financial goals. Being in debt can really wear you down, both financially and emotionally. Whether it’s a single large credit card balance …
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? …
5 tips for creating your own good fortune this Lunar New Year The Lunar New Year begins on 12 February, as we usher in the year of the Ox. Ancient Lunar New Year traditions are believed to encourage health, wealth and prosperity, so why not create your own good fortune with our guide to help you get your finances in order? Have a financial spring-clean Part of the traditional preparations for Lunar New Year includes …
How to 2020-proof your finances Being in control of your finances makes you feel good, but the twists and turns of 2020 have meant this isn’t always possible. We look at some of the year’s top challenges for personal finance and how to manage them as we move into 2021. Mental, physical and financial wellbeing are interconnected – and in 2020, we’re feeling it more than ever. Research conducted by AMP has found that severe …
How to have a good relationship with your retirement “The best piece of financial advice I give, is telling people to treat money in the same way they do their life partner or lover,” says Andrew Heaven, an AMP financial adviser at WealthPartners Financial Solutions. “To have a healthy and happy relationship with your finances, you need to treat money with respect and not take it for granted.” While it might not be the first …
Give yourself a new financial year check-up Start the new financial year in the best way possible by giving your finances the once-over. Financial year 2019-20 is now behind us and there’s nothing like closing a chapter to inspire thoughts of a fresh start. But global challenges persist: Australia is officially in a recession while also bracing for a post-JobKeeper economy in September. While it’s impossible to anticipate future changes to the global economy, there’s …
