8 tips to manage your debts How you tackle your debts may make a big difference to what you pay in the long run. It’s not uncommon in Australia to have some form of debt, whether that be credit card debt, a personal loan, student tuition, car finance or a home loan. The good news is, certain debt can have its advantages and generally that will come down to three things, including whether that debt …
9 ways to boost your super savings Check out what you could do while you’re still earning an income and have time on your side. Many of us turn a bit of a blind eye to super. We hope it’ll be enough when the time comes and believe the government’s age pension is available if we fall short. Not everyone is eligible for the age pension, and we may live a less than modest lifestyle …
Super contribution rules when you’re in your 60s and 70s Know your options around making contributions, accessing your super savings and when Age Pension entitlements could be affected. Whether you’re still working, or you’ve already retired, rules around super contributions, accessing super and things like age pension eligibility do ramp up once you hit your 60s and 70s. There have also been a lot of rule changes in the super space, including some around age …
7 tips to reduce your debts before you retire As your working life draws to a close, your social life and recreational activities don’t have to. If you’re a little anxious about money still owing, here are a few pointers. Ahh retirement! You may have been dreaming about it for decades. You visualise yourself putting away your uniform, high-vis or corporate gear, farewelling that lovely boss of yours and spending the rest of your days …
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
Comfort spending in the land down under – what we buy and why A year ago, takeaway food was number one on Australia’s comfort-spending list. If habitual purchases like this are still taking their toll, here are some tips for 2022. Over a 12-month period, Australians forked out a whopping $37 billion (and then some) on comfort spending1. You know, the things you might buy to pass the time or make yourself feel better. If …
What is financial wellness? How you feel, is your wellness. How you feel about your money is your financial wellness. This can be measured by the financial wellness index, which measures a person’s satisfaction with their current and future financial situation. For more information on financial wellness, please go to https://www.amp.com.au/insights/manage-my-money/financial-wellness Get more tips about managing and protecting your cash, reducing the money you owe and saving for both your big and small goals: https://www.amp.com.au/insights/manage-my-money …
What are super contributions? A super contribution is money that’s deposited into your super account, either as an ongoing payment or as a one-off. Usually made by you or your employer. For more information on super contributions, please go to https://www.amp.com.au/superannuation/super-contributions/guide Get more insights about growing your super and investing your money: https://www.amp.com.au/insights/grow-my-wealth Subscribe to our AMP YouTube channel for the latest information and smart tips on money, investing and living your best retirement. Subscribe …
Christmas gifts that won’t blow your budget Christmas is a wonderful time of year in Australia, filled with summer foods, decorations and of course, gift giving. This year will feel even sweeter for many, as friends and family reunite for the first time in months, if not years. Here are a few ideas to help you stretch your Christmas gift budget further, so you can enjoy more family time, without the financial hangover. For many …
Should you merge your finances with your partner? If you’re in a relationship, it can be tricky to work out when to start sharing income and expenses. Here are a few ways to successfully merge money as a couple. The COVID-19 pandemic has changed many aspects of our daily lives, and romance is no exception. While lengthy separations have led some relationships to end, other couples are choosing to move in together more quickly than …
