How to save for retirement at every age

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

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

  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 …

Keeping your mortgage on track

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

Make a plan for your tax refund

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

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. …

Things to avoid as a newbie investor

Things to avoid as a newbie investor Whatever your age, if you’re thinking of dabbling in investments like shares, managed funds or cryptocurrencies, here’s a list of common mistakes which are generally worth steering clear of. 1. Failing to plan When looking to invest, it’s generally wise to think about: your current position and how much you can realistically afford to invest (consider what other financial priorities you have or existing debts you may be …

10 money conversations to have when your relationship heats up

10 money conversations to have when your relationship heats up It’s probably not the sexiest thing the two of you have on the to-do list but putting off talking about your financial expectations could see you butting heads. If you have been together for a while or are edging on making a big financial decision together, having the money talk could make a big difference to whether you go the distance. Here is a list …

10 money conversations to have when your relationship heats up

  10 money conversations to have when your relationship heats up It’s probably not the sexiest thing the two of you have on the to-do list but putting it off could see you butting heads. Whether or not money issues got in the way of past relationships, you may be thinking, there’s no way you’re going to pull back on that long passionate kiss you might get after work today to drop the f bomb …

Seven rules for success

Seven rules for success If you’re ready to start living your dreams, it might be time to change the rules you live by. Actor Charmaine Bingwa and CEO Kylie Travers tell us about the rules that have kept them moving on the path to success. 1. Know what your values are When you set goals that connect with your values, it’s easier to make decisions and take action that moves you towards them. “Working out your core values –  …