6 steps to get your money stuff together

6 steps to get your money stuff together If you’re like three out of four Australians, you may have started the year without a proper budget.i Research indicates that over a third of us believe budgeting is too much effort and almost one in five Aussies say budgeting takes too much time.i Here are some easy wins to keep you on the right track for 2019 1. Work out your goals If you don’t know …

What is a Power of Attorney?

What is a Power of Attorney? 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. Phillip Richards, Director of Endorphin Wealth Management explains more about what’s involved in having a Power of Attorney and why you’d be wise to have one, just in case. What is a Power of Attorney? There are different types of Powers of Attorney you …

5 tips for a stress-free conversation about your Will

5 tips for a stress-free conversation about your Will No one likes unpleasant surprises. Talking about your Will with your family can be stressful, but it can also help to avoid a worse situation when you are gone. Contemplating one’s own death can be hard and in many families, talking about money or inheritances is taboo. Some parents worry that letting their children know how much they stand to inherit may cause a sense of entitlement or …

Why you might need a will (Video)

Why you might need a will (Video) Maybe you think it’s too early to plan what will happen to your money when you die. But if you’ve got a new job, bought a house or started a family, it’s time to start getting your affairs in order. If you have a question you’d like answered by a professional financial planner please email us at financialpartners@financialpartners.com.au. We’d love to hear from you. This video contains general financial …

Will you be renting in retirement?

Will you be renting in retirement? Is owning your home the best option for your senior years? Discover why renting in retirement could be on the rise and explore some advantages of being a tenant in later life. Being secure in a home you own is usually part of the picture – and costs – of life in retirement. In fact, Retirement Standard figures published by the Association of Superannuation Funds Australia (ASFA) are based on the assumption …

5 ways Australians will use their tax return this year

5 ways Australians will use their tax return this year With nearly one in three people planning to save their tax return, have you considered what you might do with yours? This year more than 75% of Australians expect to receive a tax return, with a large portion of the population planning to use the money they receive to take the edge off their financial commitments.i We look at the most common ways people intend …

Will my kids ever leave home?

Will my kids ever leave home? These days it can be natural for kids to stay at home until adulthood—our 7 tips can help ensure your own goals don’t pay the price. If you were expecting to have the house to yourself once your kids reached a certain age, you may have to adjust your expectations. Because for Generation Y—or millennials as they’re often called—moving out is not the rite-of-passage it once was. In 2011, …

Family matters: Becoming a parent

Family matters: Becoming a parent You often hear new parents say that having a baby is an amazing, life changing experience. Nothing is ever the same again! At a time when every aspect of your life is changing, the last thing you want to think about is money. But while there may not be ways to reduce the financial commitments, there are things you can do to plan and manage them more effectively. Common questions …

Family matters: Educating the kids

Family matters: Educating the kids A good education is one of the best gifts you can give your child, but although it doesn’t have to, it can cost a lot of money. A little research and planning now could save you some financial worries in the long run. The earlier you start to save the better. Common questions to consider Some questions you may wish to consider include: How much will my children’s education cost? …

Family matters: Getting married

Family matters: Getting married Getting married is an exciting time in life but it can also be a time of significant financial change. Common questions to consider Some questions you may wish to consider include: How do we set a budget for our dream wedding? What are the joint financial decisions we should be thinking about now we are getting married? Do we need a Will when we are married? What types of insurance do …