If you overspent at Christmas - you’re not alone!
The question is, what are you going to do about it? The new year is a great time to review your cash flow. First, to recover from recent overspending and second, to set yourself up for financial independence. Your life is busy and what you need is a simple but effective method for managing your cash flow.
If you have adult kids living at home, your retirement plans could be at risk. Adult children living with their parents have been labelled ‘KIPPERS’ (Kids In Parent's Pockets Eroding Retirement Savings). The trend isn’t new, shows little sign of declining and continues to raise important financial questions for those Australian retirees who are the parents of KIPPERs. There are THREE main ways having adult kids at home could impact your retirement plans.
With superannuation as the main form of retirement income for many Australians, it makes good sense to contribute as much as you can while you are still working. Building your superannuation balance is most effective when you invest regularly but this doesn’t necessarily mean reducing your current lifestyle. Thoughtful, strategic and tailored planning can allow you to maintain your current lifestyle while saving significant amounts that can boost your retirement lifestyle. For FIVE ways to make the most of your super…
How long could your family survive financially if you suddenly lost your income due to an unexpected illness or injury?
Recent research suggests that around a third of us may not have enough savings to manage financially for a month if we suddenly lost our income. And while you may have insurances in place, do you really know what you are paying for?
Find out if you have the cover you think you do with my 5 personal insurance tips to help you check your cover.
As of 2016, Australia’s total household debt is approximately $2 trillion, over 55% of which is in mortgages, with the average Australian household owing $250,000.
There are many reasons why families may find themselves in serious debt or living beyond their means. Overspending and debt can have far-reaching implications and without professional advice you may be putting your financial security at risk.
Have you considered how you would support your family financially if you were diagnosed with cancer, had a stroke or suffered another traumatic event?
An estimated 134,000 new cases of cancer will be diagnosed in Australia this year, and the number is expected to rise to 150,000 by 2020.(1)
1 in 2 men and 1 in 3 women will be diagnosed with cancer by the age of 85.(2)
Every 10 minutes, on average, someone in Australia suffers a stroke.(3)
These statistics outline the stark reality of traumatic illness in Australia and highlight the need to check that your personal insurances are in order; the truth is, they protect not only you, but your family too. Trauma insurance offers a financial safety net that could help fund your recovery and provide peace of mind.
Among other things, management consultant Peter Drucker was famous for saying, ‘You can’t manage what you can’t measure’. The principle is also important for successful financial planning.
When it comes to your financial objectives, you need to be able to measure what success means for you. These 5 steps can help you measure, manage and move closer to achieving your financial goals.
While it’s fairly obvious that mismanaged debt can be detrimental to your financial situation, you may be surprised to learn that some types of debt – sometimes known as ‘good debt’ – can actually boost your wealth. Find out more about the difference between ‘good debt’ and ‘bad debt’ and 5 tips to help you better manage your debt.
Most people look forward to retirement, particularly being a grandparent free of any parenting obligations. However, have you considered what would happen to your retirement plans if you were unexpectedly forced to care for your grandchildren because your child, the parent of your grandchildren, suffered a shocking illness, became disabled or passed away?
On the 9th May 2017, the Federal Government handed down its 2017/18 Budget. Most of the changes announced were minimal and very welcome, given the recent shake up with the superannuation changes. Nevertheless, it is important to know how these changes may impact your financial situation, should they pass through Parliament to be legislated.
Here are the highlights from this year’s budget.
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