Inflation is the increase of the general price level of goods and services in an economy over a period of time. This can have a significant impact on the value of your wealth and savings. As commodity prices climb, your purchasing power can decrease and your overall financial security is affected as well. When inflation …
As smartphones and electronic devices have become extensions of ourselves, the concept of a cashless society is gaining traction. But what does this mean for Australians, and is it even a possibility? The following look into how a cashless society works and examine the advantages and disadvantages of introducing cashless payments into the economy. A …
What is Passive Income? Passive income refers to earnings that can be acquired with minimal or no continuous exertion. For instance, earning dividends from shares or rental income from an investment property are examples of this. This stands in contrast to active income, like a salary or wages, where you receive compensation for performing work …
Before changing jobs, it’s advisable to assess the financial implications associated with a career change. Equally important is understanding the current job market and the factors that could influence a career shift. Here’s what you should be aware of and the initial steps to begin planning. What’s the current state of the job market Preliminary …
This blog explores the factors that influence the decision to repair or replace a broken appliance. We also discuss existing warranties, and the concept of planned obsolescence and its relevance when weighing your options. When faced with a malfunctioning appliance, the first question that comes to mind is whether it’s worth repairing or if it’s …
Should You Repair or Replace Your Broken Appliance? Read More »
Claiming deductions on your taxes simply makes sense. While the government has not made it easy to learn and understand all deductions, it is worth your while to know them so that you may claim tax back. You could save hundreds, even thousands of dollars against your tax bill. Take care, however. Claiming the wrong …
What You Should and Should Not Claim on Your Taxes Read More »
Tax time is never too far away when thinking about getting the most out of your tax return. Most people plan to maximise their tax return when lodging it, but many miss out on money through not taking advantage of deductions and other opportunities to save. Prepay Bills As Often As Possible Paying some bills, …
If we’re being honest, impulse buying is fun in the moment. You get a little thrill when you see an item and buy it just because you have to have it. However, impulsive spending is one way to dig yourself into debt that’s almost impossible to get back out of. We’re going to give you …
You don’t have to go away and spend thousands to create lifelong memories. Instead, you can search for staycation deals right in your local area and enjoy a few days with your family or significant other. We’ve rounded up staycation ideas for families and couples that you can use all year round, to have fun …
Behind housing, groceries and food make up the second highest category in most Australian budgets (1). Reducing your grocery bill can save you big bucks, which you could then put towards building your emergency fund or doing something fun for the family. Below are some simple tips that will help you learn how to cut …
