Expanding eligibility to downsizer measures: Legislation has been introduced to reduce the downsizer eligibility age from 60 to 55. This measure will take effect from the first quarter after passing into law, which is expected to be 1 January 2023.
Not all financial goals are achievable or can be done in the timeframe you have set for yourself. Don’t trip yourself up before you start by being over ambitious or impractical.
If your partner is on point when it comes to managing their finances, whereas you don’t have the faintest (do you even know how much cash is in your account right now, or how much money you owe?), it’s a chat that mightn’t end well.
Unfortunately, there are a lot of misconceptions about life insurance which can lead to missed opportunities to protect ourselves and our dependants. In this article, we’ll set the record straight for six of them.
It’s not just your circumstances that influence financial wellbeing. There are two significant money behaviours identified by the ANZ report as being key to better financial wellbeing and it’s all about sticking to a budget:
In your 40s, with luck, you’ve left behind the credit card debt and personal loans from your 20s and 30s. After all, these days, you’ve got enough to juggle and should be dealing with only one non-deductible debt.
"It’s difficult enough for families to cope with the loss of a loved one, but the added burden of dealing with the remaining estate can make an emotional time even more traumatic"
Did you know that many manufacturers have been using techniques to deliberately reduce the life of a product to increase its replacement rate and sell you the same thing again? It’s called planned obsolescence.