It’s never a bad time to sit down and reevaluate your finances, but many Australians are doing so out of necessity these days to cope with the rising cost of living. The good news is there are plenty of strategies you can use to make your finances more resilient.
This month, Nicole Pedersen-McKinnon shares some ways to cope if you’re struggling to pay your mortgage. And if you’re the type to overspend, we explore a few small behavioural changes you could make to reduce your tendency to splurge.
We also look at ways you can give your adult children a hand without necessarily sacrificing your retirement savings, plus share a few silver linings to the Reserve Bank’s rate hikes. Finally, for anyone hoping to retire early, we address the impact of inflation on those plans and how you could go about minimising its effects.
Enjoy the edition.
Nicole Pedersen-McKinnon shares some of the options available to mortgage holders who might be struggling to service their loan.
Do you struggle with impulsive spending or find saving money a chore? These small behavioural changes could help.
Worried that you won’t be able to give your family a helping hand in life without dipping into your retirement savings? Here are a few tips.
High inflation may have complicated your plans to retire early, but there are few things you should consider before giving up.
Rising interest rates have been a thorn in the side of mortgage holders. But there is some good news to come from the RBA’s rate hikes.
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