Financial stress can potentially have a significant impact on your mental wellbeing, overall health and relationships. According to a 2023 Compare the Market survey, personal finances and the ability to pay the bills were the number one cause of stress for 61% of Australians last year. Financial stress could be a result of the rising […]
In this article we look at some of the ways you can better manage the high cost of living by investing, increasing your income or reducing expenses. Key takeaways Investing a portion of your income is one way you can keep up with a high cost of living. Shopping around for the best deals on […]
Cash has been one of the best performing defensive assets over the past three years. When compared with global bonds (a riskier asset class), a typical portfolio of term deposits would have returned a cumulative 12.6% in comparison to -8.5% for global bonds over the three years to December 2023. With interest rates expected to […]
The three biggest drains on our money are paying for housing, food and transport; and there’s no getting away from the fact that it is unlikely we can live without any of the ‘big three’. Here we look at some ways of how to save on these items. Saving on rent in the Big Smoke […]
The festive season is fast approaching and with it, all the wonderful things an Aussie summer Christmas brings. With gifts, parties, food and beverage costs, however, it can be tough on the wallet. Here are some tips and tricks to get you through the silly season and help you stick to a realistic budget. Make […]
We all want to live a good life with our partner, but does that have to include fine dining every night and travelling to exotic destinations? Here are five tips for enjoying the best in life without blowing the budget. Keep track of the little things Everybody’s idea of living well is going to be […]
Here’s five simple steps to create a budget that doesn’t involve tracking every expense. To achieve our financial goals, we need to know where our money is going. This is why having a budget is so important. What’s even more important is to find a budget that works for you. The envelope method is ideal […]
Shop around We often shop around to get the best deal when it comes to consumer items but the same should always apply to services we get. It’s a highly competitive world out there and service companies want to get and keep your business. So when getting a new service – whether it be for […]
Most Australian work hard to build up their nest egg but many are hesitant to spend it when they retire. You’ve worked hard to build your retirement nest egg and now the time has come or is approaching for you to begin the “decumulation phase”—taking withdrawals in retirement to live off your accumulated assets. This […]
Dating and romance scams are very destructive – both financially and emotionally. Don’t let them break your heart or wallet. Stay one step ahead of romance scams with these tips. Unfortunately, romance scams are on the rise. Australians lost $142 million to romance scams in 2021 and they’re one of the top three scams causing […]