Our Top 10 lifestyle costs

Our Top 10 lifestyle costs Six out of the top 10 categories relate to just two things. Can you guess what they are, and could you be cutting back? As a nation, Aussies aged 18 and over spent approximately $145 billion on lifestyle costs over a 12-month period, with the average spend per person around $7,800, according to research1. While clothing and footwear took out the number one spot by a country mile on the …

Weekend saving ideas – for your pocket and lifestyle

Weekend saving ideas – for your pocket and lifestyle When weekends are crammed with Saturday sport, shopping and screens, it can be hard to feel like you’ve had fun and relaxed. Discover how to get more from your precious days off and spend less. 1. Plan for all the right ingredients  To have a happy weekend to look forward to (and back on), it’s important to get the balance right between the different activities you …

Your wedding windfall

Your wedding windfall The average Aussie couple are spending around $65k on their big day. By making some smart wedding budget choices you could be investing that money for a better financial future. Let’s take a look at how saving $30k on your wedding could help you out with other lifestyle goals. Online source: Produced by The Financial Financial Planning Association of Australia and published on 15 June 2017.  Original article.  

5 money mindsets that hold you back

5 money mindsets that hold you back What’s holding you back from taking control of your financial future? Discover the five mind tricks that can stop you from achieving financial success and what you can do to avoid them. Fear of failure Earning and saving money from your salary is all very well. But setting up an alternative income stream from an investment portfolio can help you make the most of your personal wealth potential. …

When can I afford to retire?

When can I afford to retire? Judging when you’re ready to retire is a tricky proposition, with the need to balance comfort, lifestyle and future income. When can you afford to retire? We sat down with CERTIFIED FINANCIAL PLANNER®professional and private client adviser Chris Giaouris of Chronos Private to find out how to tell when you’re retirement-ready.  How do you know how much money you’ll need to retire? To be frank, it’s impossible to know for …

Are you mentally ready for retirement?

Are you mentally ready for retirement? The first thing on most peoples’ minds when they think of retirement is: “When can I afford it?” and “How much money will I need?” But the question often not considered is: “Am I mentally ready for retirement?” Financial planners often bring this to the attention of their pre-retirement clients so they can help them make the transition. Chris Giaouris, CFP® and principal advisor at Chronos Private says the main points …

What to consider when making a sea change 

What to consider when making a sea change Retirement is a major life change, as is moving to a new place when you retire. Even though you might have previously visited the area you plan to go to, it may have been during a holiday, which is not a realistic test of what living in the area permanently will be like. Lacey Filipich is a Perth-based independent financial educator. Through her business, Money School, she …

The lowdown on rentvesting

The lowdown on rentvesting It’s been a hot topic for the media in the wake of our property boom. But is rentvesting really a magic bullet for securing your financial future? Find out if this rent-for-life and get rich strategy is all it’s cracked up to be. When dinner party discussions get around to the subject of getting rich, property investing is bound to come up. Thanks to a sustained boom in property prices in Australia[1], real …

What it means to retire and live the dream

What it means to retire and live the dream When you’re no longer working and chasing dollars, you may have a different perspective on what you value most about your life.  Take a look at how our current generation of retirees measure their success and what “living the dream” means to them. “Living the dream” in retirement? How likely are retirees to be “living the dream” Just 22% of boomers are living the dream compared with 27% of …

Best places to retire in Australia and overseas

Are you seeking better value for money, or a better lifestyle, in retirement? If so, here’s some retirement locations to consider.