Your child had their 8th birthday last week. Your mum-in-law again gave her yearly gift of $100 for your child’s saving account. Your second child is having their 10th birthday next month. In total, each child now has $4,000 to $6,000 in their respective savings accounts. You have been studiously putting away $25 per month for each child.
savings
Are you really ‘surplus’ing or actually saving?
According to the Reserve Bank of Australia (RBA), Australian households are currently savings 5.5% of their income.
Omniwealth: New Financial Year wealth tips
Australia has some of the highest personal debt levels in the world and it is only increasing. Some of these debts are incurring interest at over 20%. If you pay down this debt it means you are receiving a guaranteed 20% return on your money.
Secrets of the wealthy
Most people in life want one thing and that is to be able to enjoy their life without having to work all the time.
New Financial Year wealth tips
Steven Korner suggests six key ways to help build wealth and propel you on your path to financial independence.
5 ways to get your kids out of home sooner
Are you resigned to the belief that your children are going to live with you well past completing their education? Or are you planning to teach them good habits so that they become financially independent enough to want to support themselves sooner rather than later? Research shows us that around 60% of young adults aged […]
How can I fund my children’s education?
Your children’s education is often at the forefront of parents’ minds, but for those wanting to send the kids to private schools it’s vital they plan ahead.
What did you not achieve this year?
“Wow. It’s almost Christmas” … “Where has the year gone” … Familiar cries for the start of December. What did you achieve in 2016? Did you achieve all that you set out to do? Chances are, you may not have achieved the financial and lifestyle goals that you thought you would have in 2016. One […]