I don’t mean to be rude, but you need to get your financial SHIT together. That’s your Savings, Housing, Income and Taxes. Allow me to simplify personal finance into a word we’ve all used at some stage to describe our financial position: SHIT. Your money can be as complicated or as simple as you want… Read more »
‘Buy Now, Pay Later’ seems like the best thing that’s happened to credit since credit cards were invented. And therein lies the BNPL trap. Many people will happily use BNPL services like Afterpay and Zip Pay without issue for years. They’re the people who can afford to pay for an item outright, but shrewdly choose… Read more »
Which savings strategies are you currently using? None? It’s definitely time for a rethink! By Tim Whitehead It’s three days before pay day and the only things left in your wallet are a couple of faded receipt stubs and a crumpled coffee rewards card, three stamps short of a freebie. You check your bank account… Read more »
Setting financial goals can be problematic for a variety of reasons. Instead, focus on forming good money habits that step you towards your dream. I have always been someone who has set new year goals. Save for a house deposit in three years, run a marathon, write a book, lose five kilos, retire by this… Read more »
Currency hedging can protect you against movements in exchange rates, but is it always a good idea? When you invest globally you are not only exposed to the risk of the investment, you are also exposed to exchange rate risk. That is, the risk that the currency you purchase the asset in (e.g. British Pounds)… Read more »
Active investing means aiming to get a higher return than the market index, and here’s why Dave Rae isn’t a fan. We all want to be better than average, it makes us feel smarter. Who hasn’t been enticed by a big glossy ad from a fund manager showing their amazing outperformance over the previous one… Read more »
Understanding the emotion of the markets is just as important as getting a handle on the fundamentals. Here are my top strategies to cope with volatile sharemarkets. Don’t panic Stay calm. Get some good, sound advice from a stockbroker, financial planner or wise, investment-savvy friend or relative. Never forget markets are simply a collection of… Read more »
What if the old saying was wrong? What if money can buy happiness and always has? There are some things we’re told all the way through life which just don’t make sense. Sayings that people love to recycle without ever really thinking about them. That ‘money can’t buy happiness’ is right up there on the… Read more »
If you’re working hard to save, but it still feels like your money is going backwards, this one is for you. By Alex Brophy Your savings are in a super tough spot right now, with low mean interest rates and stubborn inflation conspiring to eat away at the value of your cash. You see, consumer prices increased… Read more »
Turns out that saving the environment and money are one and the same. Living a more sustainable lifestyle often means going back to basics. Doing things ‘the way grandma did them’ is good for the planet, and it turns out it’s good for your savings as well. That’s because making the eco-friendly choice to reuse,… Read more »
