According to the Australian Bureau of Statistics, a typical 25-34-year-old has close to $22,000 sitting in the bank and 35-44 year-olds have close to $30,000 sitting in the bank. But if the money isn’t going to be used for a home loan deposit anymore, you should consider getting it out of the bank and make… Read more »
Hey gang, get up to speed on this week’s financial trends with my market updates. First of all, this has been a crazy, crazy week. It started beautifully with the last day of September showing the Australian sharemarket had risen 1.7 per cent in the September quarter (despite the 4 per cent loss in August)… Read more »
This was an important week for the Single Touch Payroll initiative – by September 30, 80% of small business employers were to digitally start reporting their payroll to the ATO. And that’s why this time, in his weekly Facebook Live session, David Koch was joined by Xero’s Head of Industry, Matthew Prouse. Together, they answered… Read more »
For most Australians, the home mortgage, car loan and credit card debt are the three areas where most over-commitment occurs. If you find yourself in this situation, there is a way to manage it, but it’s important to speak up and ask for help. With the help of counsellors and government consumer affairs officers we’ve… Read more »
Hey gang, get up to speed on this week’s financial trends with my market updates. This Week’s Economic Pulse – The Federal Budget is effectively balanced. The deficit for the 12 months to May 2019 was just $148 million…well below the full-year estimate of $4.2 billion made at the time of the April 2019 budget. According… Read more »
Hey gang, get up to speed on this week’s financial trends with my market updates. This Week’s Economic Pulse – Commsec have an amazing chart which tracks luxury car sales to house prices which points to a strong correlation between the two. I talked last week about general car sales falling 10 per cent in… Read more »
A lot of shareholders will start receiving the annual report of companies they’ve invested in. They can be quite daunting documents. But don’t dismiss them because they are basically your company’s report card on how well they’ve done over the last year. So persevere… it’s worth it. Here’s my quick guide into what investors should look… Read more »
Hey gang, get up to speed on this week’s financial trends with my market updates. This has been a huge week for economic data and a barrage of diverse media commentary scaring everyone. So here’s my take: – Economic growth for June quarter came in at 0.5 per cent which translates to annual growth of… Read more »
Do you remember the last time you checked your home loan to see if it’s still the best value option for you? Are you still on the lowest interest rate? Does it offer you the kind of flexibility you need at this stage of your life? Chances are, you could easily access a better mortgage… Read more »
I’ve come across a couple of good money tools for kids that will help them on their journey to understand the value of money. Each of the apps I’ve chosen will help kids have a better understanding of how to earn money, value money and save money. A hidden benefit is that each of these… Read more »
