Women have very different superannuation needs to men, but many don’t realise this or know how to plan for their super. It’s time for women and superannuation to get better acquainted. There are two key variables that mean women have different financial needs in retirement compared to men: they live longer, but they don’t earn… Read more »
Job security? What job security? It’s almost as though the concept has completely disappeared in this COVID age of lockdowns, stand downs and failing companies. It’s not just COVID putting people out of work either. Modern business practices mean companies continue to “resize”, “downsize”, “re-engineer”, or whatever the latest management buzz word is. In the… Read more »
Australians are in a credit card rut. We’re currently paying interest on $20 billion worth of outstanding credit card balances every month. That figure seems to be stuck at that level, despite the number of actual credit card accounts dropping by 751,916 in the last year. The lowest number since February 2007. It seems higher debt… Read more »
Australians are divorcing later in life more than ever before, with many struggling to get back on their feet financially after a split. It’s not just Bill and Melinda Gates. Grey divorce rates are soaring, with the ABS recording big jumps in the number of men and women divorcing aged 50 and above. Apart from… Read more »
One of the questions I am constantly asked by parents is what they should teach children about money, and at what age. By Pushpa Wood, Massey University Being a parent presents us with daily challenges, including decisions about what things to expose our children to. Talking about money is no different to talking about how… Read more »
Managing money in your 20s means learning to take risks while you dream up your future. Your 20s is the decade to take some risks. Because whatever happens, you have the most amount of time possible to recover. As you get older it becomes harder to take risks and bounce back if they fail. In… Read more »
Bamboozled by all the mortgage jargon in your home loan contract? Fear not. We’ve got you sorted with our A-Z of mortgage-speak. Is there anything worse than trying to get your finances sorted but stumbling over all the mortgage jargon that flows effortlessly off the lender’s tongue? Chattels, what now? And what on earth is… Read more »
Greater Sydney is in its seventh week of lockdown, with no clear end in sight. The situation calls for support both for businesses and households suffering severe income loss in the weeks ahead. By Peter Whiteford, Crawford School of Public Policy, Australian National University and Bruce Bradbury, UNSW Greater Sydney makes up about one-fifth of… Read more »
Objectively (and in hindsight) a lifetime income is pretty outstanding, no matter how much you’re bringing in. So where does it all go? When it comes to budgeting, it’s easy to target the obvious, like your takeaway coffees or bought lunches. But if you’re feeling deprived on your way to a goal, it can be… Read more »
Wealthy people know that there’s a difference between having a lot of money and being truly well off. Paul Sullivan, author of The Thin Green Line: The Money Secrets of the Super Wealthy, puts it concisely: wealthy people don’t just have money, they know how to protect and grow their wealth as well. This security… Read more »
