“Don’t complain, I remember paying 17 per cent on my home loan…” Yes, Your Honour, I have been guilty of making this comment to my adult children as they complain about rising interest rates on their home loan. But does this argument stack up? History is very clear as this chart clearly shows. BUT things are… Read more »
Kids’ savings accounts are generally horrible when it comes to features and returns – but some are better than others. As a father of four adult children and eight grandchildren, I’ve always been interested in kids’ savings accounts. Libby and I have always tried to instil good savings habits (with mixed success) into our kids… Read more »
Teens and money aren’t generally good mates, but they are actually uniquely positioned to take advantage of the power of compounding. Lucky ducks! On his 18th birthday, my son Ben asked me how he could be a millionaire by age 50. What a powerful question – one I wish I had asked at his age.… Read more »
Have you set some solid debt limits on your household budget yet? If you haven’t, it’s high time you did. With so much talk among politicians and in the media about Australia’s national debt levels and our ongoing budget deficit, it got me thinking. How do you assess your own household debt and know when… Read more »
Trauma insurance could help support you and your family through the worst of times. A lump-sum trauma insurance payment can help you focus on receiving the best treatment available, pay for rehabilitation, and even cut back your work hours to be able to concentrate on your recovery. If you have suffered a serious illness or… Read more »
While it feels like a major hassle, the fact remains that refinancing your home loan is often the only way to get a good deal. According to digital mortgage broker Finspo, the average home loan duration is surprisingly short at 4-5 years. It’s not that people are powering through their mortgage and paying it off… Read more »
If you’re not shopping using one of these free grocery apps, you’re missing out on some big weekly savings. Right now, grocery bills across Australia are sky-rocketing. It’s obvious when you’re at the shops and capsicums are $14.50 a kilo. At the checkout my own weekly shop has risen almost $100 since this time last… Read more »
People make these avoidable estate planning mistakes all the time and it costs their loved ones dearly. It’s a sad but unavoidable fact: one day we are all going to die. You will most likely have clear ideas as to how you would like your hard-earned wealth – your ‘estate’ – to be divided amongst… Read more »
Each week we ask a question to help you focus on an area of your finances that might need a closer look. This week: How can I reduce the cost of living? Oh boy, are we all getting hit with the cost of living stick right now. Fuel prices are through the roof, rent is… Read more »
All of us make silly money mistakes at one stage or another, but some will affect your future more than others. It’s pretty common to make one or two questionable financial decisions when you’re young. But while some money mistakes are just a bit of fun and part of growing up, others can hang around… Read more »
