Heard of trauma insurance? Here’s how it can help you and your family With half of all Australian men and one-third of Australian women expected to be diagnosed with cancer by the age of 85[1], many families are learning first-hand how an illness can interrupt even the best arranged plans. When the mortgage and school fees still have to be paid, every family deserves to be able to maintain their lifestyle, while working towards getting …
Money Management Articles Money Management is Australia’s leading source of technical information and practical assistance for the financial services sector. Written by the industry’s leading technical specialists, The Money Management magazine is relied upon by a wide range of financial services professionals, ranging from accountants to financial planners. Its authoritative technical guides and tools cover a broad range of personal finance topics, including taxation, investment management and superannuation and retirement planning. Neither FinancialPartners (Tas) …
5 Tips to Straighten Out Your Finances Are your finances a mess? Do you need a way to get out of the mess you have created for yourself? Well, we will give you not one, but six ways that will help you straighten out your finances. Memorize the following five ways by heart: 1. How Much Do You Owe The Bank? Figure out the debt on all your credit cards, but try not to scream …
Should I take my super as a lump sum or not? When it comes to accessing your super, it’s important you make the right choice. You’ve spent your working life accumulating super. So when the time comes, are you better off taking a lump sum, regular income or both? Let’s weigh up the alternatives so you can start to consider what may be best for you. Taking a lump sum If your super has been …
Managing your debt Debt and Cashflow Management Debt is part of modern life. It can be used to help you reach your goals, but only when you are in control of it, not when it is in control of you. It’s easy to build up little bits of debt here and there that don’t appear to amount to much, but can quickly eat into your cash flow. Common questions to consider Some questions you may …
Family matters: Becoming a parent You often hear new parents say that having a baby is an amazing, life changing experience. Nothing is ever the same again! At a time when every aspect of your life is changing, the last thing you want to think about is money. But while there may not be ways to reduce the financial commitments, there are things you can do to plan and manage them more effectively. Common questions …
Family matters: Educating the kids A good education is one of the best gifts you can give your child, but although it doesn’t have to, it can cost a lot of money. A little research and planning now could save you some financial worries in the long run. The earlier you start to save the better. Common questions to consider Some questions you may wish to consider include: How much will my children’s education cost? …
Family matters: Getting married Getting married is an exciting time in life but it can also be a time of significant financial change. Common questions to consider Some questions you may wish to consider include: How do we set a budget for our dream wedding? What are the joint financial decisions we should be thinking about now we are getting married? Do we need a Will when we are married? What types of insurance do …
Redundancy This can be a rather unsettling period as there are many factors to consider such as the loss of your job, the prospect of having to look for a job, ensuring your finances are met and the lump sum payout you will receive. It may seem tempting at first to blow your payout on that big holiday you have always wanted to go to but what if you don’t have any income for a …
Relationship breakdown It’s a sad fact, but according to figures released by the Australian Bureau of Statistics in 2012, there were 49,917 divorces granted in Australia, an increase of 982 (2.0%) compared to 2011. People between 40-44 years of age had the highest percentage of divorces granted, with 16.9% of males and 17.6% of females being granted a divorce falling in the age group in 2012. In the midst of all the emotional turmoil caused …
