How much super should I have?

How much super should I have? It’s all very well having retirement savings as a financial goal, but just how much should you plan to have in your super balance now, and when you retire? Find out more about coming up with a super balance target, for your age group, and for the retirement lifestyle you have in mind. Above or below average? Assuming you’ve been in the workforce for a few months, years or …

Why a job means more to kids than money

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 …

How to spend more to save Penny wise, pound foolish rings true today

How to spend more to save The old saying “penny wise, pound foolish” couldn’t ring truer than in today’s throw-away world of overconsumption and excessive production of disposable items. Did you know that many manufacturers have been using techniques to deliberately reduce the life of a product to increase its replacement rate and sell you the same thing again? It’s called planned obsolescence. Some products are not built to last. Others are specifically designed to make …

2017-18 saw strong returns for diversified investors – but there’s a few storm clouds around

2017-18 saw strong returns for diversified investors – but there’s a few storm clouds around Key points 2017-18 saw strong returns for diversified investors, but it was a story of two halves with strong December half returns but more volatility in the past 6 months. Key lessons for investors from the last financial year include: turn down the noise around financial markets, maintain a well-diversified portfolio; be cautious of the crowd; and cash continues to …

Plan more, worry less

Plan more, worry less Want to make money worries a thing of the past? A new year can be a great time to take control of your finances and enjoy greater peace of mind, now and in the future. New year, more stress Thanks to the post-spending hangover many of us suffer after buying big for the festive season, the new year can start with an unhealthy dose of financial stress. According to a 2017 survey …

Is working more the answer to your financial problems?

Is working more the answer to your financial problems? When working more means earning more, it makes sense to take that promotion or extra shift to get ahead financially. But when expenses go up and quality of life goes down, is the price you’re paying for longer hours too high?  So you’ve been offered a pay rise at work that comes with more responsibilities. If that’s going to mean staying late at the office or …

Australian men are spending more on looking good

Australian men are spending more on looking good Research shows men aren’t far behind women when it comes to what they fork out on appearances. Once upon a time, male grooming was generally limited to a shave and few slaps of aftershave, whereas today, bathroom sinks around Australia are accumulating more tubes, tubs and pump packs, with a growing number of blokes keen to put their ‘best face’ forward. If it’s an all-too-familiar scenario at …

Are Australian households more vulnerable than we think?

  Are Australian households more vulnerable than we think? A lot has been said and written about Australia’s household debt levels and possible implications on the banking system and the economy more broadly. But could Australian households be even more constrained than the headline numbers are suggesting? Michele Bullock, the Reserve Bank of Australia’s Assistant Governor, highlights the stresses households will likely be facing well before any rise official interest rate materialises in this speech. Bullock points …

Digital payment options could see you spend more this Christmas

Digital payment options could see you spend more this Christmas With the festive season just weeks away, Australians are gearing up for the annual peak spending period, and the growth of digital payment options could be widening the gap between what we regard as our spending limit and the balance of our bank account. The disconnect between cards and cash Credit cards make spending (and overspending) very easy, and a new breed of “digital wallets” …

Four ways to make more retirement hay while the sun shines

Four ways to make more retirement hay while the sun shines The latest AMP.NATSEM report, Going the distance: Working longer, living healthier, has found that although the pension age may rise to 70 if the Government’s proposed legislation passes, many people in their 60s simply aren’t going to be healthy enough to work that long. The report found that in 2035 one in four men and one in five women aged 60-69 are expected to …