The misconception many people have is that financial anxiety is purely a consequence of how much you have in your bank account.
Though most borrowers in Australia opt for monthly home loan repayments,making repayments fortnightly instead could provide greater savings.
If your partner isn’t involved in your finances,it’s worth spending the time getting them up to speed.
This week on Money Diaries,a shopping centre property assistant who makes $66,000 a year and spends some of her money this week on a ride at a festival.
There’s no such thing as a perfect investment portfolio,or a perfect budget,or a perfect savings system,but you can only learn from experience.
While in a black-and-white,emotionless setting,some solutions can be fairly straightforward,the challenge comes in the complexity of us as individuals.
Do you ever feel like you never have enough,despite being financially stable? It’s not uncommon,and it’s something you can change.
Younger Australians have particularly poor financial literacy,leaving them vulnerable to overpaying for things and not getting the best value for money.
As a financial adviser,I have seen many people shocked and bewildered when they discover the person they once adored has left them in financial ruin.
Overspenders get a bad reputation,often being seen as being lazy,irresponsible and uncaring towards their finances. But I have a different perspective.
To set your children up for financial success,try this tough-love challenge.