Personal Finance

How the taxman can pay for your new car

How the taxman can pay for your new car

The centrepiece of the recent Federal Budget was the introduction of a new ‘full expensing’ scheme for businesses. ‘Full expensing’ will allow eligible business to claim an immediate tax deduction for the full cost of eligible assets acquired between 7:30pm AEDT on 6 October 2020 (Budget night) and 30 June 2022. So, if you run…
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An exercise on financial literacy for kids

An exercise on financial literacy for kids

In our article, ‘The 2018 HILDA Survey: Financial literacy quiz’, we discuss the fact that financial literacy is an important life skill. For example, it can aid an individual in making sound financial decisions (i.e. via healthy financial attitudes and behaviours) and achieving financial wellbeing (i.e. via positive economic outcomes). We also noted the marked…
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Don’t take a gamble put a plan in place

Don’t take a gamble: put a plan in place.

Most people have goals in life. Whether they be small ones, such as eating healthier and exercising more, or large ones like buying a home or starting a business. We all know that sometimes we need to start acting today to realise our goals in the future, however sometimes it can be hard to know what action…
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Are you prepared for a financial rainy day

Are you prepared for a financial rainy day?

When the unexpected happens and unplanned financial expenses occur, do you have the funds at call ready to cover them or are you someone who uses credit to bail yourself out? Whilst it may be tempting to rely on your credit card to cover unplanned expenses, unless you are good at managing the repayments in full and on time, these expenses…
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The 5 traps banks are setting for home owners

The 5 traps banks are setting for home owners

Lenders are throwing the kitchen sink at borrowers to, well, own the deed to their kitchen sink. In tough coronavirus times, tens of thousands of Aussies every month now are being enticed by cheap rates and bonuses, but many are not actually getting a better deal. In fact, lenders are luring mortgage customers SO aggressively…
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A collection of financial rules of thumb

A collection of financial rules of thumb

Decision-making, be it for personal or professional reasons, is an ever-present aspect of our lives. Personal decision-making can include important financial decisions such as long-term savings, managing investments, budgeting, using credit, and undertaking large purchases. Unfortunately, when it comes to making a financial decision, we can experience considerable cognitive pressure—especially when the financial decision is complex and time-sensitive. Cognitive pressure…
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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.…
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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…
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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…
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