If the threat of a large-scale outbreak of an infectious disease isn’t enough to worry about, the financial implications of coronavirus is also making investors nervous. You may have read about how the shutdown of industry across China, effectively the world’s manufacturing hub, risks hurting the global economy. You may also have heard about large … Read more
March 2020 What it means for individuals, retirees and the Australian economy Here we explain some of the benefits you may be eligible for. With the COVID-19 coronavirus crippling the Australian economy and affecting livelihoods, the Australian Federal Government has announced a range of measures to support both businesses and individuals. The total stimulus announced … Read more
With 2020 now in motion, many parents and carers are probably looking at how they’ll cover school fees for the year ahead, not to mention other costs, which might include things like uniforms, shoes, stationery, excursions and transport. The good news is, you may be eligible for some financial assistance through subsidies in your state … Read more
Impulse purchases and buyer’s remorse often go hand in hand. But if you take a week (or a month) to reflect on your spending, you could see a noticeable boost in the funds accumulating in your savings account. Enter, the Seven-day Rule. Don’t reply to text messages after you’ve had a glass of wine and … Read more
It may not be something you think about much. It may even make you uncomfortable to examine the way you manage money and think about whether you’d be able to cope if you suffer a significant financial setback. But your financial wellbeing can impact every area of your life, so it’s worth taking the time … Read more
It is forecast that by 2020, the average Australian household will save a tiny 2.1% of their total disposable income – a drop of around 5.5% from 2014. Having money in the bank means you can cover large expenses, meet future goals and protect your lifestyle if things go wrong down the track. Best of … Read more
Source: ING Six podcasts to help you find your way in 2020 If you’re looking for inspiration this year, we’ve rounded up six podcasts to help you flip your thinking on your 2020 plans, whatever they look like for you. From money know-how to new skills to strategies for facing fears, these podcasts offer insights … Read more
Investing on behalf of your children can help give them a financial leg up and introduce them to good financial practice at an early age. Here are some considerations to help you find an appropriate kind of investment vehicle to set them on their way. Whether it’s birthday cash from proud grandparents, a slice … Read more
In Australia, people are living longer and interest rates are lower than ever. While the first is good news, the second carries risks if you’re looking for an adequate income to see you through retirement. Here we look at three elements that affect a post-work reasonable income – interest rates, inflation, and longevity. Interest rates … Read more
There are a number of ways you can contribute more to your super, to take advantage of time and the magic of compound interest. These include salary sacrificing, and a range of tax-deductible, spouse and downsizer contributions, as well as government co-contributions. What you do right now affects how well you can live in future. … Read more