Personal Finance

7 ways to make extra cash this weekend

7 ways to make extra cash this weekend

The coronavirus crisis has been a catalyst for many Australians to seek out other ways of earning income – but it can be difficult to know where to start. But personal finance blogger and stay-at-home mum Emma has shared a few tried and tested ways of making a bit more extra cash on the side…
Read More
Financial needs and wants in a post COVID 19 world

Financial needs and wants in a post-COVID-19 world

On 11 March 2020*, we provided information for the first time on an unfolding event, the COVID-19 pandemic. At that time, globally, there were a reported 119,096 cases, 4,284 deaths, and 65,765 recoveries. And, nationally, there were a reported 107 cases, 3 deaths, and 21 recoveries. Fast-forwarding now to 12 June 2020*, globally, there are a…
Read More
Working during retirement and the Work Bonus scheme

Working during retirement and the Work Bonus scheme

During retirement, we may draw upon one or more sources of income to fund our retirement years. These sources can be retirement savings (super and non-super), potential social security entitlements, and income from work. In terms of drawing upon income from work, this appears to be increasingly more prevalent. For example, when looking at the long-term data*…
Read More
The marshmallow experiment and personal finance

The marshmallow experiment and personal finance

The Marshmallow Experiment was a series of ground-breaking studies conducted in the late 1960’s and early 1970’s, which were led by the renowned psychologist Dr. Walter Mischel. The studies predominantly focused on self-control with regards to a participant’s ability to delay gratification. Delayed gratification is generally referred to as the ability to resist the temptation…
Read More
Covid 19 hands millennials massive win

Covid-19 hands millennials massive win

The Covid-19 pandemic has delivered a blessing in disguise for young Australians, putting home ownership within reach. The virus has slowed down the real estate industry and reduced demand from overseas investors, meaning prices have come down nationally. New research from online bank ING showed that this slowdown has made buying a home more achievable…
Read More
Aged care and the informal care space

Aged care and the informal care space

Increasingly, older people (aged 65 and over) in Australia are choosing to remain living in their own homes for as long as possible. This is being facilitated by access to a combination of formal (paid) care, such as the Commonwealth Home Support Programme and the Home Care Package, as well as informal (unpaid) care. According to data from the Australian…
Read More
Household consumption and the Diderot Effect

Household consumption and the Diderot Effect

Today, we have consumer goods and services, both essential and desirable, that our ancestors could only have dreamt of in their lifetime. And yet, some of us are still driven to, or prompted to, purchase even more. This phenomenon can be due, in part, to the consumerism-focused society we live in where we are constantly bombarded…
Read More
Income Protection Supplementary provisions

Income Protection: Supplementary provisions

When it comes to funding your lifestyle expenses and accumulating wealth, one of the biggest resources that you have is your capacity to earn an income. If you were suddenly unable to work for a period of time due to a sickness or injury, Income Protection may be able to protect your earning capacity. When an Income…
Read More
How to split energy bills with housemates when someone’s working from home

How to split energy bills with housemates when someone’s working from home

If you’re living in a sharehouse, chances are someone – or more than one person – has started to spend a lot more time at home since the Covid-19 pandemic hit. Where household bills used to be a simple matter of splitting it equally between everyone, the reality is someone might be taking up more…
Read More