Tag: Help

How to make the most of this year’s tax return

How to prepare, lodge and maximise your 2021 tax return With tax time nearly upon us, you might be interested in the following deduction tips, which may help increase the amount of money you get back. Lots of things can affect your tax return, including sources of income from work, investments and government assistance, including any JobSeeker payments you may have received during the financial year. Other factors that can play a part, include whether …

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Tips for parents who became the bank of mum and dad this year

Tips for parents who became the bank of mum and dad this year Aussie parents have coughed up more than $26 million to help their adult kids since COVID-19 hit our shores – and one in five is at financial risk from doing so. Parents helping their adult kids financially isn’t an unfamiliar concept in this country, but figures reveal mums and dads have forked out approximately $26.8 million since the outbreak of COVID-19 in …

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How financial advice can help

How financial advice can help Even if a person has a small asset base and no funds to invest, the help and guidance of a financial adviser can be valuable. Accumulating wealth is a long-term process. It usually occurs parallel to a person’s professional, private and family life. A good approach can be to have a few key strategies in place so that wealth can grow through life’s journey. It’s perhaps more common to seek financial …

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6 steps to building good financial habits

6 steps to building good financial habits How financially secure do you feel? Recent research1 into Australians’ financial wellness – which is a person’s satisfaction with their current and future financial situation – revealed that people with good financial habits feel more financially secure. It sounds like a no-brainer. But adopting good financial habits isn’t always as easy as it sounds. Otherwise, we’d all be doing it already. With the impact of COVID-19 still being felt, …

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New laws to protect your retirement savings

  The laws to protecting your retirement savings Around 40% of working Australians claim they don’t have life insurance1. Yet, with 13.5 million insurance policies inside super2, it’s likely many people may have life insurance without knowing it3. The bigger picture There’s a good chance, at some point in your career, you joined your employer’s default super plan – this is the plan your employer pays super into if you don’t nominate your own. Perhaps it …

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Keeping your mortgage on track

If you’ve applied for a financial hardship arrangement, making a plan now will help you keep your mortgage on track. Start by understanding how your hardship arrangement works. Then check your budget to see if you can start making repayments again, or contact your lender straight away if you think you need to extend the arrangement. For more information, visit Moneysmart.gov.au. Original Author: Produced by Moneysmart and published on 14/08/2020

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Burnout: Spot the warning signs | Money & Life

Burnout: Spot the warning signs Michelle Gibbings provides five easy tips to help team leaders create mentally healthier workplaces. Mental health in the workplace has never been more critical with workplaces struggling to adapt to new ways of working, and employees facing mounting pressure. COVID-19 has brought new workplace challenges to the fore, while previous problems for employees of shrinking job stability, mounting workloads, and an ‘always on’ mentality is exacerbated. In such an environment, …

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How a financial counsellor can help you

If you’re feeling overwhelmed with financial decisions, a free financial counsellor can help you put a plan in place for your money. The earlier you get help, the more options you’ll have. Call the free National Debt Helpline on 1800 007 007. Original Author: Produced by Moneysmart and published on 16/07/2020

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What style of investor are you?

What style of investor are you? Conservative, risk taker or somewhere in between? Understanding what style of investor you are may help you to reach your financial goals. By now, you’ve probably developed a pretty good sense of your personal style. If blue chinos and polos are your thing, then it’s unlikely you’ll want a pair of hot orange flares. And if those flares take your fancy, then you’re probably unlikely to choose a white …

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