9 ways to teach kids the value of money at Christmas | Money & Life

  9 ways to teach kids the value of money at Christmas What’s the meaning of Christmas in your household? While it can sometimes feel like spending a small fortune on gifts and food is non-negotiable, it’s not the only option. And, if you have kids, the holidays are a great time to teach them about the value of money – while having a heap of fun along the way! Lavishly decorated homes, piles of …

How to 2020-proof your finances

How to 2020-proof your finances Being in control of your finances makes you feel good, but the twists and turns of 2020 have meant this isn’t always possible. We look at some of the year’s top challenges for personal finance and how to manage them as we move into 2021. Mental, physical and financial wellbeing are interconnected – and in 2020, we’re feeling it more than ever. Research conducted by AMP has found that severe …

Make your cancelled holiday count

Make your cancelled holiday count If your usual Christmas travel plans have been put on hold by COVID-19, don’t despair. Your holiday savings could turn out to be a cash bonanza for your finances. COVID-19 has played havoc with our love of travel, forcing many to shelve their annual summer holiday for another year. But while you still can’t take that overseas trip you’ve been craving, there are plenty of ways to put your funds …

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 …

The three key habits of the financially secure

Three key habits of the financially secure Financial wellness describes how we evaluate our finances and cope with any related stress. It can be a significant factor that affects our overall psychological wellbeing. AMP’s recent financial wellness research found three financial habits that people who are financially secure have in common: They save money regularly They pay off their credit card debt They avoid using layby and buy now, pay later (BNPL) services. We explore each of …

How can I make my retirement dream a reality?

How can I make my retirement dream a reality? What does your retirement dream look like – spending time on your hobbies? Seeing the grandkids more often? Maybe pursuing a passion, or travelling? According to AMP financial adviser John Dani, the people who are most content and happy in retirement all have this one thing in common – a well-defined purpose for their golden years. Mr Dani’s worked with hundreds of people over the last …

Don’t want to be retired and in debt?

6 ways to help 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 anxious about money still owing, here are some helpful hints. Ahh retirement! You may have been dreaming about it for decades. You see yourself hanging up the work boots, putting away the laptop, swinging in a hammock by the ocean somewhere (the Croatian coast sounds nice …

How to identify (and beat) your spending triggers

How to identify (and beat) your spending triggers Are you buying more to perk yourself up? You aren’t alone. Since the start of COVID, there’s been an increase in online shopping1. But, if you want to get a handle on your add-to-cart habit, understanding why you spend money, can help bring your purchasing patterns in line with your financial goals. We often talk about money in terms of dollars and cents, but the subject can …

5 tips for a better retirement

5 tips for a better retirement It’s never too late to make savvy decisions about your retirement. Retirement is an exciting time. It’s the long-awaited reward for a lifetime of work and, if you’ve planned it correctly, it heralds a life stage synonymous with relaxation and enjoyment. However, to make sure your retirement is everything you’d hoped for, it’s crucial to make smart decisions to help you stick to your financial plan, achieve investment goals …