Personal Finance

How to spend your money in 2021

How to spend your money in 2021

“Beware of little expenses; a small leak will sink a great ship.” Benjamin Franklin. In the first bootcamp challenge, we focused on managing savings. For week two, we’re focusing on spending, and how to get the best value from every dollar you spend. Spending is a lot more fun than saving, but getting a grip on your cash-splashing antics…
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Gifting assets to family What it means for your taxes

Gifting assets to family: What it means for your taxes

Passing on your wealth to family members can be an important part of your life plan. Whether undertaken at the end of life or simply because you want the next generation to benefit from your hard work whilst you are all young enough and well enough to enjoy it, gifting assets to your children or…
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Financial lie 3 million Aussies need to come clean about

Financial lie 3 million Aussies need to come clean about

Have you ever gone to the shops and made a big purchase your partner didn’t know about or approve of, only to come home and hide it from them in the boot of your car? Then, months later, you whip said purchase out and say, ‘Oh, this old thing?’ Well, you’re not alone. Nearly 3…
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Online shopping mistake costing Aussies 424

Online shopping mistake costing Aussies $424

It’s a tale as old as time: the online store offers free shipping if you spend $100, but your total is $99.95. So what do you do? Search for the cheapest item on the site to make up the extra $0.05, except the cheapest item is $20. So you throw in those $20 patterned socks…
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Age most Aussies start taking money seriously How do you stack up

Age most Aussies start taking money seriously: How do you stack up?

Most Australians begin “financially adulting” when they’re between 21 and 25, but some don’t take their finances seriously until they’re in their 30s, new research finds. The study from Buy Now Pay Later (BNPL) service Openpay found one-in-10 didn’t begin taking their money seriously until after they turned 30, and one-in-three until after they were…
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12 best ways to make money in 2021

12 best ways to make money in 2021

We all know 2020 was a year like no other. It was a year defined by Covid-19, self-isolation and the resulting global recession. A pandemic that brought the global economy to its knees. But dozens of experts believe 2021 will be defined by the reopening of the Australian – if not global – economy. So…
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A Living Will Advanced care directives

A ‘Living’ Will: Advanced care directives

We generally expect that our wishes for medical treatment will be respected, but what happens when we are not able to make decisions, due to an accident, sudden illness or a progressive disease that impacts our decision-making capacity? An advanced care directive (ACD), often referred to as a ‘Living Will’, is a document that describes…
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Trauma Exploring beyond the big four

Trauma: Exploring beyond the big four

Trauma insurance is a type of personal insurance designed to assist you financially if you suffer a life changing medical event. It potentially meets a gap that exists between your other personal insurances – Income Protection, Total and Permanent Disability and Life cover. Many people think of Trauma insurance as financial protection for four key traumatic medical events – heart attack, stroke,…
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Can you claim tax on your compensation pay out

Can you claim tax on your compensation pay-out?

Life doesn’t always go to plan. Some time, through no fault of your own, you can be affected by events outside your control that conspire to throw a spanner in the works. In these sorts of situations, it is quite possible that you’ll receive compensation to cover you for the economic or personal loss arising…
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