Personal Finance

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…
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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…
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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…
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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…
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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…
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Living with falling prices and falling wages

Living with falling prices and falling wages

One nasty economic side effect of the COVID-19 driven lockdowns is a fall in prices for many goods ad services and a drop in wages and other income. A collapse in demand as the economy plunges into the deepest downturn since the 1930s Great Depression means that prices in many areas have to be cut…
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Trolleyology How supermarkets influence your buying

Trolleyology: How supermarkets influence your buying

When you walk into a supermarket, the game begins between you and the sales/marketing team of that supermarket. Your goal is usually to get in and out with the groceries that you need. Whereas, their goal is to influence your buying in an attempt to get you to spend as much money as possible. Largely,…
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5 Reasons Why You Need to Review Your Personal Insurances

5 Reasons Why You Need to Review Your Personal Insurances

Your personal insurance is an important part of your financial plan as it provides peace of mind and financial protection to you and your family in the event of death. Often Total and Permanent Disablement cover is also ‘bundled’ with Life insurance, this covers the scenario where you are unable to work due to total and permanent disablement,…
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8 tips to manage money and a baby during the coronavirus pandemic

8 tips to manage money (and a baby) during the COVID pandemic

Having my first baby just prior to the coronavirus pandemic hitting Australian shores has been nothing short of challenging. As well as dealing with the myriad struggles synonymous with parenting a newborn, my partner and I faced the added pressure (like so many Australians) of our finances taking a swift and very aggressive hit to…
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