Four ways to save more for a rainy day | Money & Life

Four ways to save more for a rainy day Having access to savings can be vital when an emergency strikes. But making the most of your savings by earning interest can also help you get ahead financially. Discover ways to help your savings grow without leaving yourself stuck for extra cash. Last year our FPA Money & Life Tracker: Covid edition survey asked over 2,000 Australians how the pandemic has made a difference to their finances and …

Why women need a unique focus on their finances

Why women need a unique focus on their finances For many reasons, women face additional hurdles when it comes to achieving financial freedom. So it’s important to take control of your finances now, and be proactive when it comes to planning your financial future. Ladies, it’s time for a reality check. The unfortunate truth is that women experience low-income and poverty at a much higher rate than men. In fact, up to 40 per cent …

Show your finances some self-love

Show your finances some self-love Are you guilty of changing your spending habits when you’re in a relationship? Do you have a financial plan, or are you relying on a partner to take care of you in retirement? Whatever your situation, there’s never been a better time to step up and take charge of your finances. Your relationship status can have a big impact on your finances. From spending and managing your money, to the …

What’s the difference between a financial planner and an accountant? | Money & Life

  What’s the difference between a financial planner and an accountant? When it comes to getting professional advice on money matters, should you be looking for an accountant or financial planner? Find out how they’re different and what services each one offers to help you manage your finances. When you’re looking for help on anything to do with money, finding the right person to turn to for advice can be a challenge. According to a …

Five asset classes we’re watching in the COVID-19 recovery | AMP Capital

Five asset classes we’re watching in the COVID-19 recovery At a time when most investors are seeking out defensive positioning, savvy managers should have an eye to the opportunities provided by the unfolding pandemic. These may be asset classes that are already undervalued at the present moment, but also include those which stand to benefit from an eventual recovery to an extent not currently priced in by the market. The latter might not necessarily represent …

My take on life in Australia during a recession | AMP Capital

My take on life in Australia during a recession Going into a recession is bad news. When the economy goes backwards, spending contracts, the jobs market gets tougher, wages go down – the list goes on. This period ahead has come as a shock to many Australians, but there are some things worth noting that might make it easier to bear. Australia has been battling through a calamitous start to 2020 so far. We kicked …

What is a Power of Attorney? | Money & Life

Just as having a Will ensures assets are managed properly when you die, a Power of Attorney allows someone else to look after your finances when you’re unable to. Find out more about what’s involved in having a Power of Attorney and why you’d be wise to have one, just in case. Money & Life team Money & Life contributors draw on their diverse range of experience to present you with insights and guidance that will …

Australian house prices starting to fall – collapse likely averted but expect more weakness ahead | AMP Capital

  Australian house prices starting to fall – collapse likely averted but expect more weakness ahead   Key points Australia capital city home prices fell -0.5% in May. Significant policy support & the earlier reopening of the economy have made our worst-case scenario for a 20% decline in average Australian house prices unlikely. However, our base case is for home prices to fall around 5-10%, as “true” unemployment will remain high, government support measures and …

My great hope for life after this crisis

My great hope for life after this crisis COVID-19 is an existential threat which has reminded us of how humans behave when a threat is imminent and significant. My great hope for life after this pandemic is that we confront the threat of climate change with the same veracity, and I can see some early signs of that coming to fruition. The COVID-19 crisis has confronted humanity with a basic truth: we are not invincible. …

After the Bell: daily market update, May 6 | AMP Capital

  ECONOMICS & MARKETS After the Bell: daily market update, May 6 06 May, 2020 Uneventful day in markets but a big news day for Australia, as it looks like July is when the prime minister wants the country back in business. Bad news continues out of the US and Europe, with death rates on the rise. Senior economist Diana Mousina explains what all this has meant for markets. Important information While every care has …