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Spotlight on Personal Loans – trends and ways to repay your loan faster

With two in five Aussie adults having taken out a personal loan, they are a popular way of paying for major purchases. Paying them off can be a challenge however, and it may be worthwhile speaking with a Financial Adviser to consolidate your debt and work out the best strategy to get back in the black faster.

 A personal loan is a form of credit provided to you by a lender, such as a bank, credit union or other financial entity such as a peer-to-peer lender. These types of loans are usually taken out to purchase a vehicle, renovate a home, consolidate debt, take a holiday, a special occasion such as... view article
January 16th 2020

Why a Money Buddy could help you achieve your 2020 savings goals.

Ever noticed it’s a lot easier to turn up to the gym if you have a friend joining you? So why not do the same for your finances? Introducing the Money Buddy! A Money Buddy could be the accountability you need to stay focused on your goals and actually achieve them.

If you’re serious about sticking to your budget and achieving your 2020 financial goals finding a reliable and trustworthy friend to act as your Money Buddy and join you on your financial journey could be the thing that makes 2020 the year you reach your goals and improve your financial health. But how do... view article
January 10th 2020

Should you live for today or save for the future? Take the angst out of everyday spending.

Are you living in the moment and spending for today? Do you have a financial plan? If you’re worried that the coffee you’re buying is not meeting your long-term needs, it might be time to update your game plan. Financial advice can help and here’s how.

Do you feel guilty when you buy a cup of coffee, thinking you could have been well on the way to making your first million if you only didn’t like caffeine so much? Does the health of your financial plan tick away in your mind? Do you struggle to find the balance between living... view article
December 19th 2019

Credit Card debt trends and comparisons

How does your credit card debt stack up? We know there have been many examples of credit card debt disasters in the past, however have we learnt our lessons? Here we explore the current trends for, and comparisons between, credit cards in Australia.

 Carrying credit card debt is not uncommon, so how does your credit burden stack up?We know that over time there have been many examples of credit card debt disasters – maxed out credit cards, living on credit, owing to significant amounts across multiple cards. There is no doubt that access to debt via credit... view article
December 12th 2019

New Debt: The Rise of Buy Now Pay Later (BNPL)

Everyday we are becoming closer to being a cashless society, from payWave debit cards to Apple Pay Rings and Watches and now fintech Buy Now Pay Later (BNPL) services changing the way we spend and manage our money. What exactly is BNPL and is it a negative or positive payment system?

We’re living in a fast-growing forever evolving “new world” with the rise of eCommerce stores drastically changing the face of retail. Rapid growth in tech industries is also changing the way we live our everyday lives. It feels like every month a new device or app comes out that you suddenly couldn’t imagine living... view article
December 5th 2019

How will your expenses change in retirement?

Planning your retirement income isn't a straightforward task. It's challenging to know exactly how much you'll need for the bare basics and how much extra you'd like for travel and luxury items.

Planning your retirement income isn't a straightforward task. It's challenging to know exactly how much you'll need to have available to you for the bare basics, and it is much harder to judge how much extra you'd like to have for travel or luxury items.Part of this challenge comes down to the fact that... view article
December 3rd 2019

Our financial priorities tend to change as we move through life

The good news is that only 7% of Australian retirees aged 65 or over report being stressed about money. So if you’re feeling the pinch now there is light at the end of the tunnel. Let’s take a closer look.

 The good news from AMP’s 2018 Financial Wellness Index[1] is that when it comes to stress and money, our stress levels reduce as we move into retirement. Only 7% of Australian retirees aged 65 or over report being stressed about money and 15% of pre-retirees aged 55-64. This is compared to up to 27%... view article
November 28th 2019

The good and the bad of HECS debt

HECS debt can make a huge positive difference to someone’s life if it gives them the start to the career of their dreams. But it is a debt and will form part of your financial life for years to come.

According to research by Goldman Sachs, the Millenial Generation are our digital natives. They are social and connected with new technology. They also have less money to spend, are encumbered with debt, and have different priorities.One of the debt challenges many Millenials face is a Higher Education Contribution Scheme (HECS) debt. As this article... view article
November 15th 2019

Why is my fund under-performing?

Defining performance and managing expectations is all part of investing. Is it worth all the risk? What is the right time-frame? What fees are involved? We explore these questions and more.

When we carve out hard-earned dollars and squirrel them away in an investment, whether it be in Super or not, it can be worrying if we think our choice is not performing well against others. No one wants to think they made a mistake in their investment selection. It’s natural to want to make... view article
November 8th 2019