10 reasons your kids won’t listen to your money advice …and how you can bring them around Every parent wants the best for their children but kids often won’t listen to the wisdom of your experience, especially when it comes to money. Don’t give up! Here are some of the common beliefs and misconceptions kids have about managing money—and how you could get them to take your advice. Money buys happiness This is one of …
Beyond children: safeguarding the future With your house paid off, the children grown up and your retirement savings on target, you could be lulled into a false sense of security that you no longer need personal insurance. If you or your partner were to die, then little may change in your financial situation. But what would happen if one of your adult children had an accident and needed care for the rest of their …
4 Wise Quotes About Investing Money Explained Investing money in the financial market is similar to surfing in an ocean. Hidden beneath the seemingly innocent ocean waters are sharks that can rip you apart in case you come near their territory. In the investment market, you are the surfer while the sharks are bad investments that can gobble up your precious savings within a matter of seconds. But you can save yourself from bad investments …
Achieving a comfortable retirement Many women dream of a retirement where they can kick back and relax, do whatever they like and be free from the demands of others – actually focusing on caring for themselves. But this step often means being free from financial worries or concerns and for a large proportion of women, the prospect of a comfortable retirement can seem elusive. Especially when you do the sums. The latest Intergenerational Report …
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. So should I take my super as a lump …
Understanding lender’s mortgage insurance Find out what lender’s mortgage insurance is and how it may affect your home loan. You’re looking for the house of your dreams or maybe you’ve already found it. It’s an exciting time but it can be daunting when it comes to arranging finance and meeting all the upfront and ongoing costs, such as lender’s mortgage insurance. How lender’s mortgage insurance works When it comes to arranging a home loan, if …
How Can You Repay the Debt on Your Credit Card Faster? When people get their first credit card, they assure themselves that they will not use their credit card for unnecessary purchases. However, they have just lied to themselves, as in the coming months; they find themselves in debt. If your credit cards are maxed out and the interest rates are through the roof, you are in a desperate need to get out of debt …
How to keep SMILE-ing in retirement If you’re crunching the numbers to work out how much you need in retirement, it’s time to sit down and take a deep breath… The latest Retirement Standard from the Association of Superannuation Funds of Australia estimates that people retiring today, who are in good health and own their own home outright, will need $430,000 if single and $510,000 for a couple to maintain a comfortable standard of living …
Saving Money While Following Eco-Friendly Habits Saving the environment is one of the few noble causes that we can work towards. The best way to save the environment is to adopt eco friendly habits that help us save the environment for ourselves little by little. While it is a popular saying that going green isn’t the easiest way, it is definitely worth the try because of its benefits to us. Going green doesn’t only help …
Where Does All My Money Go? Time to Learn Money Management! Ever get frustrated that why the money you earn is never enough to satisfy your needs? If yes, then you are not alone. Almost every other person is wondering where on earth do they spend all their money. If you don’t want to be bothered by this question ever again, then you need money management! You might have come across the term a million …
