Month: August 2024

While the Federal Government’s recent announcement about providing some relief for those with student debt is anticipated to help those with student loans, debt can hold you back financially, so let’s look at some ways to free yourself if debt is becoming a burden. Debt can be a real drag on your financial goals, getting … Read more

Loud budgeting is a trend that may have started as a joke but is being embraced by those who want to share their financial goals and priorities and in doing so, also improve their chances of achieving them. It was comedian and writer Lukas Battle who bought the term “loud budgeting” to the world in … Read more

Rental expense categories There are 3 rental expense categories, those for which you: can claim a deduction now (in the income year you incur the expense) – for example, interest on loans, council rates, repairs and maintenance and depreciating assets costing $300 or less can claim a deduction over several years – for example, capital works, borrowing expenses … Read more

Tips for saving money Being a good saver has plenty of advantages beyond your short-term financial goals. It can be the difference between keeping your head above water during difficult financial times and being in financial hardship. Here are our tips to help you become a better saver. 1. Set a savings goal Saving is … Read more

Why pay down your home loan faster You might wish to boost your repayments now, so that you can enjoy the freedom of being mortgage-free. This could help bring forward the overseas holiday you’ve been promising yourself, or help your children complete their education. Perhaps you’re planning on renovating your home to add value to your … Read more

How to dispose of shares You can dispose of your shares in the following ways: selling them giving them away (gifting shares) transferring them to a spouse as the result of a breakdown in your marriage or relationship through share buy-backs through mergers, takeovers and demergers because the company goes into liquidation. It’s important you … Read more

Many Australians expect an inheritance, but their parents may have a different view.  Around one in two Australians have received or expect to inherit money or property, either from their parents or others. That’s one of the key findings from Vanguard’s 2024 How Australia Retires research, but it shouldn’t come as a great surprise. Over the coming … Read more

The tax cuts introduced from July 1 and other changes may mean it’s time for a review of your current tax, super and investment strategies to make sure you’re maximising the benefits. Under the changes, the previous 19 per cent tax rate reduces to 16 per cent, while the 32.5 per cent rate drops to … Read more

Binary options promise quick, high returns. But the reality is you will lose your entire investment most of the time. Binary options are financial products that bet on the outcome of an event. If you pick correctly, you get a fixed cash payout. If you get it wrong you lose your entire investment. An ASIC … Read more

Retiring without a mortgage has a large positive impact on retirement confidence. For decades the “Great Australian Dream” has been the general desire by most Australians just to own a home. But that dream has morphed over time. These days it’s not just about owning a home but having the mortgage paid off either before … Read more