Money
Study shines light on depth of poverty in Australia
Renters, single parents, women, students, the unemployed and people with a disability are the Australians most at risk of poverty, a new study has found. The Australian Council of Social Service (ACOSS) partnered with the University of NSW to examine which groups were...[Read More]
Overcome the Deposit Barrier With These 6 Tips
In Australia, the deposit barrier is a significant challenge for many people who wish to buy their own homes. Saving up for a deposit can be a daunting task, especially for first-time homebuyers. The good news is that there are various strategies and resources...[Read More]
The Lipstick and Beer index
Traditional indicators such as GDP, unemployment rates, and inflation indicators are used to measure the health and performance of an economy. These are commonly used by economists and policymakers in gauging a country’s economic growth and stability. However, there...[Read More]
Achieving Your Big Picture With Your Finances
Even as children, people create this big picture in their minds — a reflection of how they envision their life to be. Whether your big picture is similar to what’s called the Australian Dream (home ownership as the key to a better life) or not depends a lot on...[Read More]
5 Ways to Build Up and Protect Your Finances
People strive hard to accomplish a variety of goals during their lifetime, although there’s nothing more significant than being able to spend quality time in the company of family, friends and loved ones. Indeed, investing in relationships gives depth and meaning to...[Read More]
Work from home can be for everyone
One of the few important things the pandemic has taught everyone is that it’s possible to be productive and earn a living from home. In fact, some companies have seen the benefits of remote working options and continue to offer them as part of their flexible working...[Read More]
Achieving a feeling of pride in retirement
Are you the employee who eagerly waits for retirement day or one who fears it because they are not prepared? While there is no blueprint for a happy retirement, some actions can help increase the chances of having an enjoyable life after retirement. For example, you...[Read More]
Bailout backed to recoup crypto millions
Cryptocurrency platform Digital Surge will pay out smaller account holders and aims to trade its way back into the black under a rescue plan. At an online meeting lasting more than three hours, “mum and dad” investors grilled experts before voting for the bailout...[Read More]
Top 10 financial resolutions to achieve in the new year
The new year is a perfect time to reflect on your achievements from the ending year and to plan for the new year. While you can also make resolutions for other aspects of life, financial success should be at the top of your list. Check if you achieved your last...[Read More]
ACCC probe to ensure savers get fair deal
The consumer watchdog has been asked to look into interest rates for savers amid concern banks aren’t offering their customers a fair deal. Treasurer Jim Chalmers urged the Australian Competition and Consumer Commission to investigate the matter, noting savers should...[Read More]
5 Things to do as you plan for the year ahead
People typically associate the new year with hope — a time for fulfilling plans, whether those are financial, personal or professional. The past year is finally over and you can now look forward to what the new year has in store. While it’s also possible things...[Read More]
COVID-19 vaccinations saved Aust $181b
Australia’s rollout of COVID-19 vaccinations is estimated to have reduced the impact of the pandemic on the economy to the tune of $181 billion, new modelling shows. The peer-reviewed research paper, The Value of Vaccines: A Tale of Two Parts, calculated the pandemic...[Read More]
Six common retirement lifestyles
For a long time, it may seem like old age and retirement are faraway life events. However, like everybody else, you age every day, and it’s only a matter of time until you realise that you’ll be retiring in a couple of years. By that time, you might wonder what...[Read More]
Calls for boost to social security payment
Welfare organisations have reiterated calls for an increase to social security payments to help people keep up with the rising cost of living. At a federal parliamentary hearing into the extent of poverty in Australia on Tuesday, organisations said a rise in the amount...[Read More]
The fundamentals of financial responsibility
Financial responsibility refers to the practice of handling money and other assets in a way that is in your (as the owner of the assets) or your family’s best interest. Being financially responsible entails a certain level of proficiency in seeing beyond current...[Read More]
Most common financial mistakes
The 5 Most Common Financial Mistakes It’s easy to make mistakes with money, especially if you’re unaware of how dire the consequences of your actions could be. Here, we’ll look at some of the most common financial mistakes people commit that frequently result in...[Read More]
Cheaper child care one step closer
Cheaper child care is set to become available in July, with the government’s signature election pledge clearing its penultimate hurdle. Education Minister Jason Clare says the increased affordability of child care will benefit both families and the economy by...[Read More]
Why Should You Start Setting Financial Goals?
Saving a few dollars today can add up to a lot of money later on – cash that you can use to start investing, pay off your debt repayment, or save for retirement. But to ensure you have a clear direction and achieve what you want, you need to start setting financial...[Read More]
Cost of living relief could spur inflation
Treasurer Jim Chalmers has downplayed expectations of cost of living relief in next week’s federal budget, warning some measures could push inflation even higher. Dr Chalmers noted the cost of living could surge due to devastating floods in NSW, Victoria and Tasmania...[Read More]
Household energy bills soar by 25 per cent
Electricity bills have jumped by $300 on average since April, with the consumer watchdog citing several reasons for skyrocketing costs. The head of the Australian Competition and Consumer Commission (ACCC) said this represented a 25 per cent increase for the median...[Read More]