Category: Financial Health
-
Financial recovery: should you DIY or outsource your debt management?
Credit and Loans, Debt Management, Economic Insights, Financial Health, Financial Planning, Financial Wellness, Personal Finance, Support ServicesAustralia’s average household debt rose to $261,492 in 2021-22, while disposable income grew modestly to $139,064. With rising debt levels, interest rates, and living costs, many Australians are turning to debt management companies for help. These companies offer services like debt consolidation and creditor negotiation but come with their own set of pros and cons.…
Written by
-
Building better money habits with your kids
Financial Health, Financial Planning, Financial Wellness, Investment Strategies, Life Events, Lifestyle, Lifestyle & Well-being, Personal Finance, Retirement PlanningGenerally speaking, we Australians are pretty financially savvy, that is, we understand the how and why of effectively managing our money. Unfortunately, that doesn’t mean we put that know-how into practice to make astute financial decisions. According to the Australian Bureau of Statistics (ABS), the average Australian household debt has risen by 7.3% (over $260,000)…
Written by
-
8 tips to save money on your bills
8 tips to save money on your bills We work hard to earn our income and even harder to save it to achieve our dreams. Even a few dollars saved on different types of bills over the years can compound into something meaningful. Let’s go through some of the ways that can help achieve these…
Written by
-
How Much Do You Know About Managing Money?
Consumer Behavior, Financial Health, Financial Planning, Getting Started, Investment Strategies, UncategorizedHow Much Do You Know About Managing Money? In our quest for financial independence, understanding how to manage every cent of our earnings is crucial. But transitioning from earning a salary or wage to a position where wealth covers our financial needs requires a focused mindset. Test your knowledge with our quiz. Question 1: Saving…
Written by
-
Understanding your spending is key to your personal wealth
Understanding your spending is key to your personal wealth Each year in early May, the Treasurer delivers the Federal Budget and many people across Australia listen intently. The Budget tells us how the government plans to spend its revenue in the coming year, whether it can afford to give us tax cuts, and whether it…
Written by
-
When to Seek Financial Counselling: A Guide for Navigating Financial Challenges
Community & Engagement, Financial Health, Financial Wellness, Lifestyle & Well-being, Spiritual Perspectives on Wealth, Support ServicesWhen to Seek Financial Counselling: A Guide for Navigating Financial Challenges Financial challenges can affect anyone, regardless of age or profession. Whether you’re managing cash flow issues, struggling with debt, or facing financial hardship, it’s essential to know that help is available. This guide is designed to provide accessible resources for individuals seeking assistance with…
Written by
