The fundamentals of financial responsibility

Financial responsibility refers to the practice of handling money and other assets in a way that is in your (as the owner of the assets) or your family’s best interest. Being financially responsible entails a certain level of proficiency in seeing beyond current...[Read More]

How to save money around the home during times of rising interest rates

With interest rates rising almost everywhere, including Australia, people have begun tightening their purse strings as best they can. However, decreasing spending to ensure your expenses match your reduced budget could mean barely any savings or none at all. Good thing...[Read More]

What Is Dollar Cost Averaging?

Investing can be a challenging exercise, although the principle behind it is deceptively simple: buy when prices are low. However, this is easier said than done. Even seasoned investors who attempt to time the market to buy at the most advantageous periods don’t...[Read More]

Power prices tipped to rise by 50 per cent

Retail electricity prices are expected by rise by 50 per cent over the next two years, dealing households and businesses another cost-of-living blow. Treasury has assumed in the federal budget that retail power prices will increase by an average of 20 per cent...[Read More]

Fuel relief to end amid price spike fears

The federal government will end petrol excise relief but insists motorists won’t be hit too hard at the bowser. Treasurer Jim Chalmers has confirmed the September 28 deadline on the temporary fuel excise cut of 22 cents per litre, citing the need for...[Read More]

Top tips to build and maintain a good credit score

Your credit score is a numerical indicator lenders use to determine how risk-free you are as a borrower. It is based on the details in your credit report, such as your borrowing history and whether you have made timely payments. People with low credit scores may be...[Read More]

Petrol price rises to further hit budgets

The consumer watchdog will be on the lookout for unnecessary price hikes as the fuel excise is reinstated in full later in the month. The reintroduction of the tax will see motorists pay an extra 25 cents per litre, including GST and indexing to inflation, from...[Read More]

Wages grow 2.6pct in June quarter: ABS

Workers saw the highest annual rate of wage growth in eight years last quarter, but the increase will do little to ease the soaring cost of living. Although workers enjoyed a 2.6 per cent boost to their pay packets in the year to June, with inflation sitting at 6.1 per...[Read More]

Aust drivers’ fuel costs hit $100 a week

Cash-strapped Australians filling up at the fuel pump paid an extra $5 a week over the course of the past three months, according to new figures. The Australian Automobile Association’s latest Transport Affordability Index, released on Sunday, shows average...[Read More]

Top 3 Tips to Maintain a Good Credit Score

Your credit score is a numerical indicator lenders use to determine how risk-free you are as a borrower. It is based on the details in your credit report, such as your borrowing history and whether you have made timely payments. People with low credit scores may be...[Read More]

Couples take eight years to buy first home

Australian couples buying their first home are taking up to eight years to save for a deposit as rising property prices and low wage growth make saving a struggle. The time taken for young couples to gather a house deposit has increased by 11 months on last year as...[Read More]

How to build an emergency fund

If there’s one thing the COVID-19 pandemic has shown us, it’s that the unexpected can happen at any time. And, while there are many things in life you can’t control, you can make sure you have enough funds put aside to help you get by. Here’s how to build your...[Read More]

When you start early you have a greater sense of how to control your money

A dedicated financial literacy program in Australian schools will ensure young people are better prepared for the future, a new report has found. The Griffith University paper, released on Tuesday, showed most students did not understand how to manage their personal...[Read More]

Fewer seek help with mobile phone bills

The number of internet and mobile plan customers experiencing financial hardship has fallen in the past year but more must be done to alert people to available support, the communications regulator says. A report by the Australian Communications and Media Authority...[Read More]

When do you start sharing income and expenses with your partner?

If you’re in a relationship, it can be tricky to work out when to start sharing income and expenses. Here are a few ways to successfully merge money as a couple. The COVID-19 pandemic has changed many aspects of our daily lives, and romance is no exception. While...[Read More]