3 ways to save on your mortgage
Your Money

3 fast ways to shrink your mortgage

- July 12, 2024 3 MIN READ

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 »

The 'two-sided' risk to the economy.
Your Money

The ‘two-sided risk’ to the economy explained

- July 12, 2024 3 MIN READ

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 »

Egg in nest
Your Money

Are Active super fund managers worth the extra fees?

- July 5, 2024 2 MIN READ

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 »

Your Money

Beware of online ‘finfluencers’

- July 5, 2024 3 MIN READ

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 »

Loyalty tax
Your Money

Loyalty tax: proof that loyalty does not pay

- June 7, 2024 3 MIN READ

Enough is enough. Insurance companies and banks must stop hiking premiums and prices for loyal customers, while offering better discounts for new customers. Last week, Insurance Australia Group (IAG) was hit with a class action which is alleging they’ve used computer algorithms to inflate premiums for existing loyal customers. They target customers who will most… Read more »

ATO targets for 2024
Your Money

ATO targets for your tax return this year

- May 17, 2024 2 MIN READ

Every year, ahead of tax time, the ATO releases its target areas – what it’s going to pay extra attention to. It is always a timely warning. This year they will be taking a close look at three common errors being made by taxpayers: Incorrectly claiming work-related expenses Inflating claims for rental properties Failing to… Read more »