FP – Money Management

Would you like to retire by 40?

Would you like to retire by 40? Many younger Australians are joining the Financial Independence, Retire Early (FIRE) movement. Is it right for you? When you’re starting out in the workforce and building your career, retirement can seem like a long way away. And with the age at which you can access your super and age pension creeping up—not to mention the increasing cost of living—you might be steeling yourself for a longer working life. The stats don’t lie—Australians …

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10 money conversations to have when your relationship heats up

10 money conversations to have when your relationship heats up It’s probably not the sexiest thing the two of you have on the to-do list but putting it off could see you butting heads. Whether or not money issues got in the way of past relationships, you may be thinking, there’s no way you’re going to pull back on that long passionate kiss you might get after work today to drop the f bomb …

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First dollars out of the wallet

First dollars out of the wallet Falling house prices and rising debt costs are causing financial stress for highly leveraged Australian home owners, impacting patterns of consumer spending. In light of this wallet tightening, investors should take care that their equity exposure is concentrated on those businesses capturing the first dollars out of the wallet each pay day. Where did all the wealth come from? During the upwards phase of the economic cycle, Australians took …

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8 money tips for when your kid lands their first full-time job

8 money tips for when your kid lands their first full-time job If there’s a possibility they may come to you with questions (OMG they might actually want your opinion), here’s a list of pointers. Your kid may not have listened to anything you’ve said over the past umpteen years, particularly when it came to their dating preferences, coming home on time and cleaning up after themselves. However, now they’ve landed their first full-time job, …

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8 family finance tips to have more money

8 family finance tips to have more money How can you make a difference to your family finances in the year to come? By acting on even one of these eight tips you could be finding yourself a lot better off in 12 months’ time. And if you do all eight, the sky’s the limit. Cameron McLean is a Financial Planner AFP® with Acumen Wealth Management in Perth. His special area of interest is helping families to be …

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How important is money to your wellbeing?

How important is money to your wellbeing? Having more money should make us happier right? According to a number of different research reports, feeling good about life comes from a feeling of control over your finances, rather than how much money you have. Get tips on how to change your ways to boost financial wellbeing. The wellbeing formula for Australians After spending 15 years exploring what contributes most to the happiness of our population, Australian …

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Get money out in the open

Get money out in the open Money talk is one of our biggest taboos in Australia. But if we can’t be open about it, how will our kids learn to thrive in the invisible money age? Find out more about the potential benefits of opening up about money – for you and your kids. In two recent surveys[1] on what Aussies prefer not to talk about, money came out on top. Personal finances are the topic …

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How close are we to a cashless society?

How close are we to a cashless society? With tap and go payments becoming ever more popular and the advent of instant transfers between domestic bank accounts, how much longer will we be using cash as a form of payment? Find out more about when we can expect Australia to go completely cashless and what it means for us, as business owners and consumers. Got any cash on you? According to recent survey results produced …

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Don’t just invest for your children, invest with them

Don’t just invest for your children, invest with them Investing with your child can help them build a nest egg and improve their financial literacy. Gifting your child with a nest egg of investments is a wonderful idea, and will no doubt give them a kickstart into adulthood. But some experts say we may be approaching this incorrectly; we could be investing with our children, rather than for them, to give them not just money …

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Money mistakes you make in your 20s

Money mistakes you make in your 20s Which of these rookie errors sound all too familiar when it comes to you and your squad? In your 20s, you might be saving for a plane ticket to go somewhere, a new car, your own pad, or just trying to keep your wardrobe up-to-date while still having enough cash left over for Saturday night. As you mull that over, give some thought to how what you spend …

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