It’s been over a decade since we’ve seen interest rate rises. For many people, this is a new experience that will undoubtedly affect their financial planning. Mortgage holders who have previously watched rates drop to an historical low will have to find an additional $797 per month[1] on an average $610K loan[2].
The pandemic has certainly caused a roller coaster ride for many of us. While some people have endured significant loss of income, others have accumulated surplus cash. There’s been a lot to take in and as we start a new financial year, it’s got many people thinking “Where to from here, financially speaking?”
As COVID-19 restrictions begin to ease in Queensland, and Victoria and New South Wales experience a second wave, a new normal is emerging for families, businesses and employees as many come to terms with the financial impacts of lockdown. While the possibility (or reality) of adapting to a life with reduced income may sound like…
A symbol of love, renewal, hope and growth, spring is also the season of marriages and births. While these are wonderful events, the fact is they can be costly so it’s wise to be financially prepared.
If you would prefer a less stressful life where you have more choices, greater opportunities, clarity about your future and the confidence to live your best life and provide the best for those you love, then it’s time to take CONTROL of your financial situation. In this and future articles, my colleagues and I will show…
While it’s common to downsize the family home when you retire, thanks to legislative changes that came into effect on 1 July 2018, downsizing to supersize your retirement savings has taken on a whole new meaning. The ‘downsizer measure’ could enable you to boost your retirement savings by up to $300,000 each using proceeds from…
As you move through different phases of your life, it’s important to revisit your financial strategies including your insurances, super strategies, savings and cash flow, debt management and estate planning needs. Doing so could make an enormous difference to your long-term financial situation. Our 7 steps to financial success can help you stay on track…
When it comes to planning for your financial well being, my rule of thumb is to do what you can as early as you can. However the question is, do you get rid of debt or do you take advantage of super’s tax-efficient savings environment?
View / Download this article as PDF If you could go back and advise your younger self on money management, what would you say? What do you wish someone had told you? And which good money habits do you wish you’d picked up sooner?