Wishing you a Well-Earned Rest!
2023 is coming to an end and we are taking a break from writing articles for a few weeks. If you are anything like us, you are probably looking forward to a well-earned rest as the year comes to a close.
Student Loans: To Repay or not to Repay?
One of the most common questions we are asked by our younger clients, or the parents of our younger clients, is whether and when to make a voluntary repayment of a Commonwealth Student Loan. Usually, the answer is still no.
How to Save When you are just Getting Started
Different times of life call for different types of financial advice. This week, we start looking at ways to assist young adults in giving themselves the firmest financial footing available.
Talk About Perfect Timing!
Sometimes life’s timing is perfect. We have written before about the best way to use an inheritance. Last Sunday, we came across an almost ideal scenario for when a young couple could receive an inheritance. Here are some of the best ways this couple could respond. It’s food for thought for any younger person.
Making Unknowns Known
People of a certain age will remember former US Secretary of Defence Donald Rumsfeld describing ‘knowns and unknowns’ way back in 2002. Rumsfeld copped some criticism for what seemed to be a mangling of the English language. But in actual fact, his sentences make perfect sense. And they apply to finance just as well as they apply to global politics.
When Mum and Dad are Bankers As Well
Recent estimates claim that the ‘Bank of Mum and Dad’ is Australia’s ninth largest lender. Given the state of house prices, this comes as no surprise. Most parents want to help their kids, especially with something as important as buying a home. But it is important that things be done correctly. There is such a thing as ‘the wrong way to help’ when it comes to one generation trying to help another.
Halloween is a good time for… reviewing life insurance!
If you live near where we live, then for the past month or so you would have seen local homes being ‘decorated’ with fake cobwebs, skulls and crossbones and carved out pumpkins. Personally, we think the best use for a pumpkin is a nice thick soup. But maybe Halloween can serve another useful purpose for you this year.
The Best Time to Think
The best advice anyone ever gave us was to plan our next holiday while still enjoying the current one. There are a bunch of reasons for this. But the main one is that we make the best decisions when we are relaxed and happy.
Like Some Cherries on Top of that Government Payment?
Australia has a generous benefit system, ranging from unemployment benefits to aged and disability pensions. But the cash that the Government provides is not the only way they help. Payment recipients can also claim some additional extras which can also make life a lot easier. And the best news is that sometimes you only need to qualify for a small Government payment in order to access these added extras.