Personal Finance

What should I do with my money other than leave it in the bank

What should I do with my money other than leave it in the bank?

In an age where the most preferred place to leave our savings is a bank deposit that rewards us with such a ridiculously low rate of interest of 1 per cent (if you’re very lucky), what should a wise wealth builder do? My ‘advice’ is: to wise up! In the latest Westpac-Melbourne Institute Index of…
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Aussies spend 364 in bank fees each year heres how to avoid them

Aussies spend $364 in bank fees each year, here’s how to avoid them

Aussies paid $3.56 billion in personal bank fees last financial year, according to the Reserve Bank of Australia (RBA). This is around $364 per household every year spent on fees. The good news is that fees have dropped $404 million that the year before. But if you want to bring down those fees more, here…
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Unwanted things you can sell to make 5.3k

Unwanted things you can sell to make $5.3k

The average Australian has $5,286 worth of pre-loved and unwanted goods they could sell online, and as financial stress increases, experts are urging them to take stock. Combined, there is $48 billion worth of pre-loved, unused or unwanted items that could be sold across Australia, in an increase of 4 per cent over 2020, according…
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Surprising airline to thank for cheaper flights

Surprising airline to thank for cheaper flights

Despite on-again off-again lockdowns around the nation, domestic air travel is cheaper than ever as the airlines bid for Aussies attention. And it’s budget airline Rex that has been driving the price wars, according to the Australian Competition and Consumer Commission (ACCC). “Prior to the recent Victorian outbreaks, the domestic airline industry had experienced relatively…
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Tax 2021 How to figure out your tax bracket

Tax 2021: How to figure out your tax bracket

Tax time is fast approaching and to make sure you stay on the right side of the ATO here is our guide to figuring out which tax bracket you’re in and what effect that has on your return. Your tax bracket determines how many cents per dollar you pay in taxes. The lower your income,…
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How to lodge your tax return if you got JobSeeker JobKeeper

How to lodge your tax return if you got JobSeeker, JobKeeper

If you received a pandemic payment in the last 12 months and you’ve got questions about your tax return this year, you’re certainly not alone. At the height of the pandemic, 3.8 million employees received the JobKeeper wage subsidy, while COVID forced nearly 2 million Australians onto JobSeeker welfare support or some other form of payment, many…
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4 top tips on how to deal with the Budgets tax changes

4 top tips on how to deal with the Budget’s tax changes

With the budget rapidly approaching, millions of Australians find themselves awaiting a decision that could impact their finances to the tune of $1,080. The Low-Middle Income Tax Offset (LMITO), which was first introduced in 2018-19, provides Australians earning up to $126,000 with a tax offset of up to $1,080. What this means is that those…
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Hour of day Aussie workers reach out to psychologists the most

Hour of day Aussie workers reach out to psychologists the most

Australians are feeling anxious about starting work, with new data revealing that 7am is the most stressful time of the workday. Virtual Psychologist, a 24-7 text-based psychology service that lets people chat with a qualified mental health professional, said it was seeing a 74 per cent rise in demand, particularly from those in their 20s…
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The 6 surprising money moves that will sink your credit score

The 6 surprising money moves that will sink your credit score

If you’re like most Aussies, you have financially struggled more than usual during the past year or so. And you might be looking to streamline how you manage money and optimise your economic arrangements. But you’ve probably also wondered: how will it affect my credit score if I change my products, move my money or,…
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