Regardless of financial position or socio-economic status, we’ve all endured financial stress at one point or another. If you are under financial stress at the moment, you’re not alone. The NAB Household Financial Stress Index found that on average, Australians feel they are getting worse off financially. A huge one-third of survey respondents said they… Read more »
COVID has heightened many of the usual considerations when retirement planning, so it’s worth revisiting your goals and strategy. There is no denying that our world has changed over the past two years and many of these changes are likely to be enduring. The COVID pandemic has touched almost every aspect of our lives. From… Read more »
Managing money in your 60s is all about getting your retirement ducks in a row and moving onto the next phase of your life. In your early 60s, retirement is likely within reach and it’s time to be thinking about it at a microlevel. Planning for retirement should focus on planning your finances for life… Read more »
Managing money in your 50s is all about enjoying everything you’ve worked for, while planning for what comes next. In your 50s, you’ll often experience significant shifts in your lifestyle, goals and values. While your career may remain important, as your life changes, you’ll likely be thinking about what’s next. You might be preparing for… Read more »
If you struggle to stay focused on long-term financial goals, you probably need to get to know your future self better. Plenty of people struggle to commit to long-term financial goals, such as saving for a big purchase or growing their superannuation. It’s a common problem and one of the key reasons is that most… Read more »
Good budgeting isn’t about imposing unrealistic restrictions on your lifestyle. Instead, it’s about making sure your spending habits support what you love the most. When it comes to budgeting and financial planning, there is often a misconception that it is about imposing restrictions on your lifestyle. The reality couldn’t be more different; financial planning and… Read more »
It’s ridiculously easy to get stuck in metaphorical quicksand when making financial decisions. To help us out, financial adviser Andrew Dunbar shares a reliable framework to guide the process. Ever notice yourself spending more time on trivial decisions than you do on the significant ones? You’re not alone. It’s often called ‘decision quicksand’, as these small… Read more »
If you have been made redundant, it’s important that you take steps to manage the financial and emotional impact. Redundancy is difficult emotionally and financially at any time. But right now, with a tough employment market, it can feel like an even bigger blow. Here’s what to do as soon as you hear you’ve been… Read more »
