What to do next if you’re facing redundancy

What to do next if you’re facing redundancy Uncertainty around COVID-19 might be increasing your stress levels about losing your job, but here are five ways to soften the financial blow. In April, Australia hit its highest unemployment rate in five years1, and with the Federal Treasurer expecting an unemployment rate of around 10% by the end of the year2, many Aussies may be feeling a little uneasy about their future job prospects. Which sectors …

How to budget for your social life in retirement

How to budget for your social life in retirement Have you considered what’s on the agenda, such as how often you see yourself eating out and whether you want to travel domestically or afar? If you’re in or approaching retirement, you may be prioritising things such as living costs, utility bills, health care and even potentially helping the kids out with their future financial goals. With many Australians looking at a retirement (which in reality, …

Get back what you put in – the power of investing in yourself

Get back what you put in – the power of investing in yourself What do you really want out of life? Investing in yourself is an important way to prepare for achieving your personal goals. Here are 5 ways to make sure you’re ready to meet the future as your very best self. 1. Take care of your body and mind Being in poor health can make almost anything feel like an impossible challenge.  That’s …

Psych yourself into saving

Psych yourself into saving Whether you’re struggling to make ends meet or living comfortably, saving money can be something you’ll be finding hard to do. In her new book “Mind Over Money: The Psychology of Money and How To Use it Better” BBC broadcaster and psychologist Claudia Hammond shares insights into how we can change our ways when it comes to budgeting, spending and saving more for a rainy day. Why should we save? If …

Putting yourself first when planning for retirement

Putting yourself first when planning for retirement You know when you’re on a plane about to take off and the cabin crew is demonstrating the safety procedures? They always say affix your own oxygen mask before trying to help anybody else attach theirs – children included. Research from the National Seniors Survey for 2017 has found that it is no longer a priority for many older Australians to leave an inheritance for their kids. With growing concerns …

The year that was and the year ahead – five questions to ask yourself

The year that was and the year ahead – five questions to ask yourself Reflecting on the year that was …   1. What did you spend your time on in 2017? We all have 24 hours in a day so how you spend those hours will show up in what you achieve. Reflecting on the activities you spend your time on can also be a good indication of where your passion and values lie. If …

Cyber Crime – how to protect yourself

  Cyber Crime – how to protect yourself With the flurry of online spending during the holiday season, now is a good time to review how well you’re protected against Cyber Crime. The internet brings many positives but it’s also allowed fraudsters to develop numerous and elaborate ways to exploit unwitting users by attempting to steal money, private information and even personal identity. Hackers focus on leveraging vulnerable computer systems to obtain data. Don’t despair, …

Protecting yourself when times are good

 No one thinks misfortune will happen to them. But meet Sarah. You’ll learn a shocking fact about the likelihood of a financial setback occurring in your family and what she did to help protect herself financially. A must-see if you’re the main breadwinner in your home. Out of every five Aussie parents, one will become seriously injured, or die or become seriously ill. Source: http://www.ifsa.com.au/downloads/file… The average mortgage alone in Australia means approximately $1,400 in monthly …

How to Get Yourself Independent from Credit Cards

How to Get Yourself Independent from Credit Cards Credit cards have almost become a necessity in today’s world for most people. They have made the use of hard cash a little less important in society while simultaneously becoming something on which people seem almost hooked up. Credit cards can be used constructively to have a positive impact on your life. However, there may be times when they cause a negative financial situation in your life. …

Give yourself a gap year in your 40s

Give yourself a gap year in your 40s Imagine taking a year to volunteer abroad on a conservation project or to build houses for the poor. Or you may wish to share the skills you’ve learned with others or learn a new skill yourself… Gap years are not just for school leavers. You can take one at any age. Some companies even have sabbatical programs that encourage staff to take time out of their jobs …