Weekly market update 17-03-2023

This week, Dr Shane Oliver highlights the banking stress – the bad news (increased recession risk) and good news (less rate hikes); US inflation; raises the question as to whether Australian home prices bottomed; and more.

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 …

4 Things You Wouldn’t Think You Need to Budget For, but Need to Do

4 Things You Wouldn’t Think You Need to Budget For, but Need to Do Most people that start a budget tend to overlook some important things such as repairs when making a budget. When the need for a repair arises, they have to take money out of their savings or take money out from other areas of the budget such as money allocated for food. In doing so, it may ruin their finances. Our advice …