The Latest News and Insights
See our articles about Education, Key Alerts, and Investment Information.
5 Ways of saving for your Child’s education
Funding your child’s education is a hot topic today with the spiralling costs of schooling. The research is based on a child starting pre-school today and suggests that opting for the private school route from Prep – Year 12, will set you back a cool $367,569 per child. Even if you decide on a government school for primary years and private for secondary, you will still need to come up with $244,822.
Reserve Bank leaves official cash rate on hold in October
The Reserve Bank has decided to again leave official interest rates on hold over October at the record low 1.5 per cent set over August. The Bank will continue to take a wait and see approach and assess the impact on the economy of the recent cuts to determine if further cuts are required.
Have you left it too late to start saving for your retirement?
Theoretically, how much money you need in retirement depends on how long you live. Although there is no such crystal ball for this, we know that improved healthcare and economy has resulted in people living longer than their parents’ generation.
Teaching Kids about Money
One of the most important roles we play as parents is educating our kids about finances. It’s not a lesson taught in school and that they shouldn’t have to learn as adults in the school of hard knocks. Like most behaviours, our kids learn their spending behaviours from us.
Government Announces Superannuation Changes
As you may have heard, yesterday, 15 September 2016, the Government announced some significant changes to the superannuation proposals announced earlier this year on Budget night. It’s important to be aware that we still don’t have any legislation released on these measures, which is essential in determining how the new measures will truly operate. The Government has indicated that legislation is expected to be introduced into Parliament before the end of 2016.
The importance of work and family balance
For many of us the reason we work is to make a better life for the ones we care about. However, the risk of forgetting about these people while we are working is increasingly present. We are all putting more demands on ourselves and can often forget about the big picture.
Need a revamp of your Budget? 10 ways to Save Money
Ask yourself, “could you stretch your money further”? For most, the answer is a resounding “yes”. Your so-called fixed costs are anything but fixed and your spending is a moveable, fluid feast.
Quarterly House & Property Price Report – June 2016
What is property worth in each of the capital cities around Australia? Domain’s quarterly property report shows all the price movements, city by city.
Insurance: inside or outside super? Structuring your insurance tax-effectively
Do you and your family have adequate insurance cover?
Did you know there is a more tax-effective way to fund your insurance?
NEWS FLASH: Official interest rates unchanged
The Reserve Bank of Australia left the cash interest rates on hold at 1.75 per cent on Tuesday, although governor Glenn Stevens hinted at cuts ahead if inflation remains low.
With continuing signs of weakening local economic activity and growing concerns over the state of the international economy, the likelihood is increasing however of a cut in rates over coming months.