Learn to prepare for a financial emergency because setbacks tend to be difficult to manage once it has begun. According to a report released by the Australian Bureau of Statistics (ABS), 38% of Australians experience at least a form of household financial stress. This increased stress contributes to more individuals using up their savings and … Continued
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When winter comes, people tend to spend more time at home and end up using more energy than usual. Here’s how to cut spending on energy costs in winter as well as some easy ways to keep warm and cosy. Before getting into these helpful tips, it’s better to know where the average Australian household … Continued
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How does a person decide and what to consider when deciding between these options: renting vs buying a home? Affordability of housing has been a big issue. Determining whether to continue renting or finally jumping onto the property ladder can be a challenging decision. Should you be renting or buying a home? Let’s go through … Continued
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Generating passive income to meet your living costs in retirement is possible with practical ideas and careful planning. Are you looking to meet your living costs in retirement? Or perhaps earn enough money to cover your needs and some of your wants? One of the routes you may take to arrive at these outcomes is … Continued
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Many seniors are constantly looking for ways to boost their retirement income. The pressure to have a comfortable retirement, an unpredictable economy, limited savings, and lack of investments all contribute to them wanting to improve their income stream. According to an International Living report, technology has opened new doors of opportunity for seniors to earn … Continued
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Lost super is a national problem for retirees in Australia. Billions of dollars in lost and unclaimed super are being held by super funds and the Australian Taxation Office (ATO). The money is yours and you can claim your small super account back if it’s with the ATO. You can also request for the funds … Continued
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Keeping track of your superannuation is vital not only for your future retirement but also to help in managing what you’ve got for contributions, insurance within your super, investments, and any paperwork involved. Find out more info and tips to get to know your super. Find your lost superannuation When you lose track of your … Continued
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Superannuation, or simply ‘super’, is a system designed to set aside a percentage of your income into a super fund for your financial needs in retirement. This can be a combination of your voluntary contributions and your employer’s contributions, or superannuation guarantee (SG). Here are some guidelines in getting to know your superannuation. How does … Continued
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When you’re approaching retirement, one of the more important things to estimate is your regular expenses once you say goodbye to the workforce. A super industry body has been outlining what budget an average Australian may need to fund a standard of living when they stop working. You may also use this as a tool … Continued
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