Five things first home buyers need to know

Before you decide to purchase your first property there are a number of things to consider, including your current personal circumstances and financial status. 1. Think about why you want to buy a home Do you want to live in it or will it be an investment property? This can help determine the kind of … Read more

Are you an impulsive spender?

Characteristics of impulsive spenders A ‘money mindset’ is a way of thinking about personal finance. Your money mindset can change over time, and it may help explain your spending and savings habits. Understanding this can help you build habits and strategies to better manage your money. If the following applies to you, you might be … Read more

Why asset allocation is key to investment success

Asset allocation is the biggest determinant of investment returns. Here’s why taking the time to get it right matters. Choosing investments on a whim based on current market conditions is unlikely to be a winning strategy in the long-run. What should come first, and what is perhaps fundamentally more important than picking the right investments, … Read more

The influence of emotion on our finances

We’ve all heard of the dangers of emotional spending but what about emotional saving? Emotions can wield a powerful influence on our personal finances in a positive way, but they can also have a negative impact on where we sit financially. The good news is, by cultivating a bit of self-awareness you can harness your … Read more

Beware of the Granny Flat traps

Setting the scene Marilyn is 67 and has had enough of work. She has worked hard and raised two children on her own and she’s ready for some “me time”. Her children are now adults and live at opposite ends of Australia to her. Marilyn has sold her (big) home and has moved north to … Read more

The cash rate – and how it impacts your home loan

With the Reserve Bank of Australia (RBA) raising the cash rate back in May for the first time since November 2010 – and more rises forecast over the next year – many people are worried about their mortgage repayments. Even though we hear about the cash rate a lot in the news, there is often … Read more

Size up your super

You’ll have heard the old, almost grandmotherly adage that ‘every dollar counts’. But guess what – it’s true. Voluntary after tax super contributions (also called non-concessional contributions), refer to any payments you make to your super fund out of your take-home pay. Making after-tax super contributions is an easy way to boost your retirement savings … Read more

Preparing your kids for financial success

Teaching good financial habits, such as saving and budgeting, is one of the best ways to prepare children to have a secure financial future. Helping kids establish sound money management skills and strong financial acumen is important, regardless of wealth level. Younger children (under age 11) A great way to begin to teach younger children … Read more

Storm, flood and fire insurance

It’s devastating when a natural disaster destroys or damages your home. Finding out you don’t have enough insurance can add to your distress. Understanding what events and damage are covered by insurance can help you get the right cover for your home. Knowing if you live in a disaster-prone area can give you a better … Read more

Putting recent returns into perspective

While 2021-2022 may not have been a stellar year for the majority of investors, it’s worth remembering that the worst performing asset class one year can be the best the next, and vice versa. That’s why successful investing benefits from having a good balance. The last financial year, particularly the first half of 2022, saw … Read more

Get to know your super fund

When you start a job, you can usually either choose a super fund or let your employer choose for you. Understanding the basics can help you work out what kind of account you get and whether it’s right for you. If you want to choose your own — or change your account — there are … Read more

How to guard against cyber threats

As technology creeps further into our everyday lives, cybercriminals are taking advantage of the latest that technology has to offer and carrying out increasingly sophisticated scams worth eye-watering sums. In the 2020-21 financial year alone, individuals and businesses in Australia reported total losses of more than $33 billion. The main types of cybercrime were fraud … Read more