Can you afford a divorce?

Can you afford a divorce? With divorce happening later in life[1], Australians are taking the financial hit that comes with the end of marriage at a time when they’re at the peak of wealth accumulation. While saving money may not be a reason to stay together, it’s worth knowing what kind of impact divorce can have on your financial position. And if separation is on the cards, how can you limit the financial and emotional …

The blended family balancing act

The blended family balancing act When one family becomes two – or more – financial stress can multiply too. Get expert tips from CERTIFIED FINANCIAL PLANNER® professional Fran Hughes about how blended families can work together on a straightforward and fair approach to managing money. Whatever your marital status, your 40s can be a challenging time financially. Growing kids are costing more, especially if you have to factor in school fees. And on the other side of the equation, …

Managing your money when you move in together

Managing your money when you move in together Living together is a big step. You may be merging your lives more closely, but should you merge your finances?  So you’ve taken the leap and decided to move in together.  It’s an exciting time which can take your relationship to a new level, but it can also add new pressures as you address practical matters such as how you divide the chores and the costs.  Set …

Looking after your family

Online learning Inform your financial decisions   Looking after your family Online learning: Family finances When your family finances are under control, everyday life can be a lot more enjoyable. It may be easier than you think to manage your money and work towards saving. Start now Online learning: Making a will With a valid will in place, your money and assets can go to the people you choose, and you’ll make things a lot …

It pays to contribute to your partner’s super

It pays to contribute to your partner’s super If your spouse is a stay-at-home parent, working part-time or out of work, adding to their super could benefit you both financially. If your spouse (husband, wife, de facto or same-sex partner) is a low-income earner or not working at the moment, chances are they’re accumulating little or no super at all to fund their retirement. The good news is, if you help by contributing some of …

Marriage in later life

  Marriage in later life Romance blooms at any age, including as we get older and supposedly wiser about such things of the heart, and head. So, if you’re considering marriage, perhaps for a second time or more, give thought to the financial implications of marrying later in life and sidestepping some of the money-related hazards. Financially, there are two important areas to address. Probably not for the wedding day speeches – but what happens …