Worrying about your finances can take a real toll on your mental health. With many people experiencing financial stress, we look at what you can do to improve your financial (and mental) wellbeing. According to the Melbourne Institute, one-in-three Australians are now reporting financial stress, while one-in-five are feeling ‘mental distress’. The Melbourne Institute also found […]
Rising inflation brings about concern for many, but Vanguard’s time-tested investment philosophy—and a long-term focus—can help any investor navigate choppy waters. What is inflation? Inflation happens when prices rise and purchasing power decreases. This can be the result of a simultaneous high demand for and low supply of goods and services. Consumers have money and […]
Insurance works best when you have the right level of protection for your situation, and as your life changes, so might your insurance needs. You should consider reviewing your cover whenever your situation changes, like: taking on a mortgage to buy a property having children getting married upsizing or downsizing your home getting a pay […]
Here are five investing tips for those who are just beginning their investment journey. 1. Evaluate where you’re at financially Before beginning your investment journey, it’s important to sit down and map out your financial position and goals so that you know where you are and exactly what you’re working towards. Start by looking at […]
With interest rates increasing for the first time in many years, its effects will be felt by all Australians, not just those paying off their homes. In this article we address how interest rate increases may affect you, depending on your circumstances, and possible ways to manage it. Super members and retirees Super members Interest […]
The concept of investing in shares or other investment products can put a lot of people off. It can be difficult to understand, the share market is intimidating, and investment brokers generally only deal with people who have a lot of money to invest. Micro-investing came about as a way to help more people get […]
Saving regularly is a habit that needs to be cultivated and as with most things in life, starting sooner rather than later often gives investors a huge advantage. When it comes to the topic of spending and saving, it seems like there are countless ways of doing it. A quick internet search throws up guidelines […]
There’s a common misperception that in order to start investing, you need a large initial sum and lots of time. Here’s why that’s a myth. Investing can seem like a daunting task, particularly for those who think they lack the time and resources to start. When Vanguard last year surveyed Australians on their attitudes and approaches […]
While many Aussies will carry some debt into retirement, the good news is, there are a number of things you could do now while you’ve still got time on your side and earning an income. Get serious about having a budget A good starting point when it comes to setting up a workable budget (so […]
People in their 20s and 30s tend to not do much with their super, and that can be a mistake in itself. It could leave them with a large gap between what they’re capable of contributing in the last 10-15 years before retirement and the level of income they want to retire on. Lots of […]