Posts about Financial Goals:
The Cautious Traveller
Getting Financially Fit in an Inflationary Environment
It seems that rising inflation and interest rates aren’t going away anytime soon, and many households may have started to feel the pinch, and increasingly so after the RBA’s most recent monetary policy decision.
If you’re feeling a little nervous about your household budget, now is the time to zero in on the numbers and bring your finances up to speed. Our handy checklist below could help guide you through the process.
Vanessa Stoykov: How to stop money ruling your emotions
Have you ever noticed how you can feel anxious, angry, resentful, or afraid when you think about your money situation?
When you get a bill that you don’t know when you can pay? When an unexpected cost comes in that blows your budget or financial plans?
Money and emotions are very connected, and when you don’t have control of your money situation overall, things will always come up that create negative emotions and add to your stress levels.
Accelerate your savings with the help of science
Saving money can be difficult at the best of times. But when everyday items such as electricity, groceries, and petrol prices go north, it pays to have some smart strategies up your sleeve to help you keep the saving momentum going.
As humans, sacrificing in the short term for long-term reward goes against our grain. Our brain works hard to come up with excuses for why we can’t save more. These excuses try to distract and protect us from anxiety and shame, but they don’t serve us long term.
Luckily, behavioural science can teach us a thing or two about how to find more success when it comes to saving. Whether you’re planning that long-awaited overseas trip, tackling some home renovations, or saving for retirement, try these ideas on for size.
Vanessa Stoykov: Investing is nothing without goals
Vanessa Stoykov: How to improve your finances by thinking
Personal finances: Taking stock & making changes
Indexation of superannuation contribution caps
When it comes to building and maintaining wealth, super is widely considered to be one of the most tax-effective investment structures available. This is particularly evident when considering the tax treatment of income and capital gains from assets held inside super, both in the accumulation and retirement phases.