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understanding with invest blue

What does it mean to be financially secure?

Being financially secure is a top life goal for many Australians. The exact measure of financial security is different for everyone depending on your stage of life, lifestyle, liabilities and of course your goals and dreams.

The emphasis on financial security is of particular focus amidst the Coronavirus pandemic and for many, it will change the way we spend, manage and save our money for the rest of our life. When something unexpected like a pandemic occurs, the importance of having an emergency fund and money put aside to help... view article
August 4th 2020

How to manage money with friends and partners

Is your friend circle sending you broke? How can you prioritise reaching your financial goals without sacrificing your social life? How should you split expenses with your partner? Does it feel like you are always the one who ends up paying more? What if your partner is on a much higher salary?

Managing your money on your own can be a challenge for even the most financially savvy of us, let alone when you start sharing expenses with a partner or your friend circle isn’t on the same page as you financially. Managing these situations is an inevitable part of life but making sure you are... view article
July 29th 2020

COVID-19 Pandemic – Government Benefits Update

Throughout the current Pandemic, there have been some government benefits available to support those who have been financially impacted by the needs for quarantine, social distancing and some industry shutdowns. Recently, there have been updates to what is available.

Job Keeper: The JobKeeper payment was originally provided to eligible businesses impacted by the Coronavirus as a subsidy payment to help cover the wages of their employees. The payment ensured eligible employees were paid at least $1500 per fortnight with the aim of allowing more people to remain employed during this period.On the 21st of... view article
July 28th 2020

Great place to work – again!

Life is short, work somewhere awesome.

At Invest Blue, we have a saying ‘life is short, work somewhere awesome” and we really really mean it! We are a passionate group of people and we really love the work that we do for our clients. From the outside, financial planning may not seem like the most inspiring industry, but we sure... view article
July 23rd 2020

Preparing your finances for divorce in the current environment

When you consider finances are a leading cause of stress in Australians it is not surprising to hear it is also one of the top reasons for separation and divorce. Navigating finances can be challenging in a relationship at the best of times, let alone amidst the Coronavirus pandemic. So, how can you prepare and manage your finances for divorce or separation and what extra steps should be taken into consideration during the current market environment?

With financial pressures mounting in every area of life during Coronavirus pandemic it is likely this could be causing a strain on your relationship too. If you do find your relationship has hit the end of the road it opens the complicated task of separating your finances from one another. Although you might start... view article
July 21st 2020

How to manage debt when approaching or in retirement

Considering that financial security is the number one life goal for Australians, there's no doubt that we would all like to be debt free no matter what stage of life we are in.

Many events in life require us to take out a loan, and hence acquire debt; buying a home, a new car, education and so on. Although debt is seen to be bad at times, it isn't always bad and might be necessary to help you achieve your goals. However, you do need to have... view article
July 17th 2020

Can home equity save you during a difficult financial period?

There are many situations that may lead you experience a difficult financial period, from redundancies, reduced income, inability to work due illness and of course by the current Coronavirus pandemic. When facing financial difficulty, you may find there are more options to consider than you originally thought, such as potentially accessing your home equity.

Home equity is the difference between the value of your property and debt owing on your property. There are various ways you may be able to use your home equity to your advantage, such as using your home equity to buy a second home or in this situation using it to get through a... view article
July 16th 2020

A guide to personal insurance

Insurance may not be the most exciting element of your financial plan however being adequately insured can be one of the most important and valuable things you ever you do if the time comes that you need it.

It is instinctive of us to insure our car and home, but if the latest pandemic taught us anything it is that life is unpredictable. Having the right level of personal insurance including, income protection and life insurance should be heavily considered on your path to creating financial security. Insurance not only provides peace... view article
July 13th 2020

Using Equity to Buy a Second Home

If you own a home, you may be able to utilise the equity on your home loan to purchase a second property. Given current all-time low interest rates, now may be a good time to consider this option.

Many Australians aim to pay off their mortgage sooner so that they can be debt-free. However, many haven't considered the hidden potential of equity in their home loan. Tapping into this hidden potential may allow you to purchase a second property (or other investment) which could generate an income. In this article we cover:... view article
July 10th 2020