Tag: Your

Getting cash flow under control for retirement | Money & Life

Getting cash flow under control for retirement When you compare your current lifestyle, expenses and savings with what you’re planning for in retirement, does it all add up? Find out why it’s important to balance your cash flow now with the super savings you’re going to need in retirement. Living from pay cheque to pay cheque is something that many Australians are used to doing. In fact, based on levels of personal debt, quite a …

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Role-reversal: When parents are relying on you | Money & Life

Role-reversal: When parents are relying on you As your parents get older, your whole family will be facing lots of changes. Supporting them during this time can be challenging, with lots of choices to be made. Get some tips to help you prepare for this role-reversal without it becoming a burden or a cause of family conflict. In the later stages of life, many seniors want to stay independent for as long as possible, but …

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Money challenges women face

Knowledge is power. Financial knowledge is particularly powerful when it comes to securing your future. Women and men alike can benefit from acquiring financial knowledge and skills. But when it comes to money, women face unique challenges. The last few years have seen the spotlight shining brightly on women’s issues globally with calls for political and social change, and exciting progress has been made to close the gender gap. However, there are still a number …

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Budget smarter with the 50/20/30 rule

Looking at your spending in a new light could make a substantial difference to your financial future. The 50/20/30 budget rule works for one main reason – it’s easy. You’re new to budgeting. You know how much money you make and have a rough idea of how much you spend. But you’re not really sure about what, exactly, you’re spending it on, or if your spending patterns will benefit you in the long run. The …

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A guide to retirement in Australia | Money & Life

A guide to retirement in Australia | Money & Life Many of us think of retirement as a given – you work hard for your middle years, and then you get to bow out of the workforce and enjoy a well-deserved rest, take those bucket-list trips and enjoy the best life has to offer. After all, you’ve made your contribution and now you’ve earned the right to kick back. But unfortunately, retirement isn’t that simple …

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5 days to get your finances in order

5 days to get your finances in order Our New Year challenge Too time poor for resolutions? Try our challenge instead New Year’s resolutions are such a drag, right? Whether it’s fitness, family or finances, the best laid plans rarely last beyond the first week of January. Life has a habit of getting in the way, especially these days with so many demands on your time. We get it. Things got a whole lot more …

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Grow your super in the new year

Grow your super in the new year Making an extra voluntary contribution now might improve your lifestyle once you retire. A new year’s as good a time as any to make plans. How about a gift to your future self by maximising your retirement contributions? It’s not as far-fetched or self-absorbed as it might seem. If you think of this as investing in your future self or your loved ones, it could make good sense. …

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Be aware of your money biases

Be aware of your money biases Knowledge is power. The more you’re aware of how your mind works the more you can adjust your attitude towards money. Six cognitive biases that influence how we save, spend and invest money We like to think we’re rational beings. But the reality is that a lot of our daily behaviour is influenced by our subconscious. Behavioural scientists have looked at the way human beings are wired and discovered …

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How to max your tax refund

How to max your tax refund Expecting a refund from your 2017/18 tax return? 77 out of 100 Aussies are likely to get one and many could already have plans to spend it. If you’re one of them, find out how to treat yourself right with your windfall and be better off for good. For most of us, tax refunds rarely come as a complete surprise. In fact, sometimes we might even be using the …

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What two investing insights would you give your 20-year-old self?

What two investing insights would you give your 20-year-old self?   Hamish Douglass, Chief Executive Officer and Chief Investment Officer, Magellan Asset Management My central advice would be that successful investing is about finding and then owning for the long-term companies that can generate excess returns for years to come. It’s not about looking for stocks that might come into short-term favour on stock markets. The worthwhile companies to own for the long term will …

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