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The official unemployment number remains low, but should we be concerned? The June employment figures are in and while the unemployment rate rose slightly to 4.1 per cent, there were 50,000 new jobs created in the month – which was a lot more than the 39,000 created in May and the 20,000 expected by a… Read more »
School is supposed to equip our kids for life, and yet financial literacy is not a compulsory subject. Is it tine we changed the school curriculum to include it? It is a common concern that Aussie kids aren’t learning anywhere near enough about personal finances, with most Aussies receiving little to no money education at… Read more »
Protect your wealth from the blow of another rate rise with these simple tips to decrease your mortgage and pay it off quicker. How would another rate hike impact your household budget? A single 0.25 per cent increase could add around $123 to monthly repayments on a $750,000 mortgage. That could be $1,400 more over the… Read more »
Everyone is watching interest rates, but could we be on the brink of an employment crisis? How will THIS impact inflation? The ‘two sided risk’ explained. History tells us that the last economic indicator to shift in a downturn is employment. My fear is that we are at that tipping point now. And history tells… Read more »
There is an age old ‘Active versus Passive’ argument within the investment community about whether the extra fees you pay super fund managers – who trade your portfolio aggressively- are worth it. Compared with just putting your money in a fund that simply replicates a market index and charges a much lower fee, who… Read more »
There is a flood of online advice about absolutely anything. Cooking, cleaning, health, gardening, exercise, you name it. And money. When it comes to following financial advice online, please be careful. Nearly one in four Aussies are getting financial advice from social media according to new research from Compare the Market. Zoomers (Gen-Z) aged 18-26… Read more »
Aspiring home buyer’s borrowing capacity has been slashed by rising interest rates but could increase by up to $47,000, thanks to next week’s incoming stage 3 tax cuts. While this is great news for house hunter hopefuls, there may be some unintended consequences, including even higher property prices. These tax cuts have the potential to… Read more »
It’s the end of the financial year this weekend which means it’s now or never to make those last minute deductable adjustments to get this year’s tax right. Remember the stage 3 tax cuts start on Monday 1 July so it won’t impact this current return. Having said that, your deductions this year will give… Read more »
The Australian Taxation Office (ATO) is warning rental property owners that their tax returns are in the spotlight this tax time. That’s because the ATO has found the majority of rental property owners are making errors in their tax returns, despite 86 per cent using a registered tax agent. The most common mistake is not… Read more »
The power of interest rises on average Australian families is so much more devastating than it is in other countries. When our rates go up there is an immediate flow through to household budgets because the vast majority of home loans are variable. When official rates go up it immediately flows through to loans and… Read more »
