There are many things you can do to become a savvier saver, starting with demanding a better rate. Research by RateCity shows complacent savers are potentially missing out on hundreds of dollars in interest, as the gap widens between some of the highest and lowest savings rates on the back of the RBA hikes. The… Read more »
People regularly ask me whether they should lend money to their adult kids, and in most cases my advice is simple… don’t. That may sound harsh, but it’s actually well intentioned. I’ve seen too many close friends lose big chunks of their savings when they act as a family bank and things go wrong. And… Read more »
Think you have to be old or naïve to be a scam target? Think again. In the last 12 months, the Australian Taxation Office (ATO) has taken action against 595 websites impersonating their online services. These fake sites are designed to steal passwords, personal information and identity documents, such as passports and driver licences. Assistant… Read more »
Knowing what you’re entitled to claim for the end of financial year can be tricky, since every so often the Australian Tax Office (ATO) makes changes. Here are some of the tax deductions you may be able to claim in the 2021-2022 income year. Of course, general information like this will only get you so… Read more »
One of the quickest ways to improve your cashflow is to cancel services you don’t use. We’ve all got them – services we signed up for but never use. We might have taken on a streaming service just to watch particular show. Or we strongly overestimated our commitment to a year-long gym membership. Perhaps we’re… Read more »
Seeking financial advice when you’re young means you can really reap the benefits. Here’s how. Around the start of the pandemic, another strange virus started taking over social media. ‘Finfluencers’ cropped up everywhere, scattering colourful memes full of pithy financial advice with a dose of rah-rah positive psychology. These financial influencers want to pave your… Read more »
The Small Switch Challenge proves that tiny behaviour lane changes can bring big gains. This Small Switch Challenge is exactly what it says on the tin: switch (or substitute) to a lower cost solution. The idea is that, with a little creative thinking, and a small change in the way you do things, you can… Read more »
Chris Gray’s investment strategy is simple: never sell property. Just in case you haven’t heard me say it a million times before, my property investment strategy is simple… never sell property. BUY AND HOLD. Let me make that as clear as possible: Buy – whenever you can Hold – as long as you can There… Read more »
From 1 July this year some positive superannuation changes are coming – creating more opportunities to grow your nest egg. This is good news for retirees and people planning for retirement. There are also potential benefits for lower income earners and those looking to purchase their first home. Here’s an overview of the main superannuation… 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 you automate your finances? You’ll have heard it many times: automate your finances to really get ahead. But what exactly does that mean, and why does it matter so… Read more »
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