Where does all my money go? Save money on your three biggest expenses The three biggest drains on our money are paying for housing, food and transport. And there’s no getting away from the fact that it is unlikely we can live without any of the “big three”. Here we look at some ways of how to save on these items. Saving on rent in the Big Smoke It can be hard to save money …
Don’t just invest for your children, invest with them Investing with your child can help them build a nest egg and improve their financial literacy. Gifting your child with a nest egg of investments is a wonderful idea, and will no doubt give them a kickstart into adulthood. But some experts say we may be approaching this incorrectly; we could be investing with our children, rather than for them, to give them not just money …
Insider’s guide to invisible money If you feel like you’ll never keep up with your tech-savvy kids, don’t despair. One of the most important tech topics they need to learn about is spending money in a digital world. Find out just how much kids are getting to grips with invisible money and get some talking points to help the whole family keep up with the move towards a cashless society. Technology use is a common …
Why a job means more to kids than money Getting your kids out to work isn’t just about teaching them the value of an honest day’s work. It’s also a great way for them to start taking an interest in all sorts of financial matters. Find out more about what your kids stand to learn from their earliest years in the workforce. Kids are quick to learn that money doesn’t grow on trees. According to …
Defining enough – the fundamental question for your financial plan Do all your future plans rely on having a lot more money than you do now? If the answer is yes, it might be time to think carefully about your values so you can put together a realistic financial plan that will bring you closer to the sort of life you want. Planning for your financial future doesn’t have to be about chasing more money. …
Five ways money can wreck your relationship Although women are often portrayed in television and film as “shopaholics” – for example spending thousands of dollars on shoes – in reality it is more likely for women in relationships to be the conservatives and the men the risk takers, says Kane Jiang, managing director at AA Financial Planning in Perth. “From a financial planner’s perspective,” Jiang says that couples often argue due to their “different risk …
Troubleshooting family finances Are your family finances a battleground where good and bad habits collide? Find out how to support your family towards better financial wellbeing without risking your relationship. Sometimes money can really drive a wedge between family members. When you have a parent, sibling, child or maybe even a partner who seems determined to sabotage their finances, it can be difficult to know how to help or where to draw the line with …
Money mistakes you make in your 20s Which of these rookie errors sound all too familiar when it comes to you and your squad? In your 20s, you might be saving for a plane ticket to go somewhere, a new car, your own pad, or just trying to keep your wardrobe up-to-date while still having enough cash left over for Saturday night. As you mull that over, give some thought to how what you spend …
5 ways to set your kids up for financial success As we move towards a cashless society, how do we teach children that money comes from hard work and good financial management and not some magic money pot in the sky? “In a world of credit cards and online banking, actual physical money is becoming an alien concept for today’s young. From their perspective, a quick tap of the plastic is all it takes to …
Minimal vs FOMO: what are young people really up to with their money? The spending habits of our younger generation show that experiences mean more to them than buying stuff. So are they better at managing money than their Boomer or Gen X parents? Or is FOMO leading them into the dangers of growing debt? Find out more about money habits of millenials. For some years, retail businesses have been in a tailspin about the …
