Part of preparing for your future may involve making a plan for your money to grow. Investing is one way to increase your money over time. Use Moneysmart’s investor toolkit to get across the investing basics. Understand key concepts like risk tolerance, diversification, portfolios, and asset names. To learn more about investing visit Moneysmart.gov.au. Original Author: Produced by Moneysmart and published on 24/02/2022 Source
How to save for retirement at every age No matter how old you are or where you’re at with your financial goals, it’s important to plan for your retirement. The average Australian now lives to 82.8 years, making retirement a life stage that can continue for two decades or longer. So while this milestone may seem like a lifetime away now, it’s never too early or late to start planning for retirement. Our decade-by-decade guide …
How financial advice can help Even if a person has a small asset base and no funds to invest, the help and guidance of a financial adviser can be valuable. Accumulating wealth is a long-term process. It usually occurs parallel to a person’s professional, private and family life. A good approach can be to have a few key strategies in place so that wealth can grow through life’s journey. It’s perhaps more common to seek financial …
Create an 8-week Christmas savings plan The sooner you start saving for Christmas, the better. But you can do it in just eight weeks – even if you have a tight budget in the lead-up to this year’s festive season. Here’s how to develop a plan to save money and reach your holiday goals. Fairy lights twinkling, seafood on the barbie, gifts being wrapped and Michael Bublé crooning in the background – Christmas can …
If you’ve applied for a financial hardship arrangement, making a plan now will help you keep your mortgage on track. Start by understanding how your hardship arrangement works. Then check your budget to see if you can start making repayments again, or contact your lender straight away if you think you need to extend the arrangement. For more information, visit Moneysmart.gov.au. Original Author: Produced by Moneysmart and published on 14/08/2020
Some ways to use your tax refund for a stronger financial future Not sure what to do with your tax refund? Strategic financial decisions for your tax return begin with a strong plan. Whether you breeze through tax time or dread the extra admin, receiving a tax refund makes the effort worthwhile. For many of us, getting a financial boost will be even more welcome this year, and you might be looking around for the …
5 saving graces of giftmas Gift giving is one of life’s joys, until the credit card bill comes through. Here are five ways to maximise the love without blowing your budget. According to a recent Financial Planning Association of Australia reporti, 85% of us find more joy in giving gifts to others than in getting them ourselves. Though we love the sound of ripping wrapping paper, almost three quarters of us don’t budget for gifts. …
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. …
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 …
An additional 21 great investment quotes Introduction Investing can be frustrating and depressing at times, particularly if you don’t understand how markets work and don’t have the right mindset. The good news is that the basics of investing are timeless, and some have a knack of encapsulating these in a sentence or two that is both insightful and easy to understand. In recent years I’ve written insights highlighting investment quotes that I find particularly useful. …
