Personal Finance

80 20 rule How to level up your savings

80/20 rule: How to level up your savings

Those of you looking to maximise your time and work smarter, not harder, have almost definitely heard of the 80/20 rule – it’s a classic. Also known as The Pareto Principle or Pareto’s Law, this strategy is all about using your limited time and resources to complete the few tasks that achieve the largest results.…
Read More
Top 10 Financial To Dos

Top 10 Financial To-Dos

The year has all but come to an end and the lazy afternoons of summer holidays are calling. But it can be hard to put your feet up if your financial affairs aren’t in order, or if you know that there are matters that still need your attention. To help you address this and ensure…
Read More
How to Go Broke Fast

How to Go Broke, Fast!

Going broke is not likely to be an objective that many people set out to achieve, but there seems to be some common money mistakes that many people make. We take a look at some of these tried and tested money mistakes as well as at some good advice dished out by others to help…
Read More
Deductions work related home office expenses

Deductions & work-related home office expenses

When it comes to lodging your individual tax return, it’s important to note the distinction between taxable income and assessable income. In broad terms, taxable income = assessable income – allowable deductions. According to recent ATO data*, for the 2017-18 FY, 14.29M+ individuals claimed on average $2,576 in deductions, such as donations, work-related expenses, cost of managing tax affairs,…
Read More
How much Aussies your age are saving each month

How much Aussies your age are saving each month

The coronavirus pandemic has severely hamstrung Australians’ ability to put cash away, with one-third struggling to save $100 a month. New research from Money.com.au has revealed that prior to the pandemic, two-thirds of Australians weren’t saving at all. And as the Covid-19 crisis continues, only 28 per cent said they would be regularly saving in 2020. Money.com.au…
Read More
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