I have written about this topic many times over the last few years but there have been few times like the present to consider a fixed interest rate. Variable and fixed rate mortgages are at an all time low and there is still expectations that the Reserve Bank will reduce interest rates further in 2013.
As a result the lenders in Australia have been able to offer fixed rates for 1-3 years that in most cases are lower than the current variable rates.
Consider the table below sourced from Cannex on 15 August 2013:
‘Budgeting’ has to be one of the least appealing words in our vocabulary, but if you’re looking to take control of your finances you need to budget. It’s that simple.
While most people squirm at the concept, it doesn’t have to be that painful. In fact, if done correctly, creating and sticking to a realistic budget will not only make life easier, it can help you create even more money!
A RECENT survey of Australians, aged 50 and over, revealed parents give $22 billion a year to their adult children to help them get established, buy property or tide them over the tough times (Australian Institute of Family Studies July 2012).
Since property is hard to break into and there is no government assistance anymore for existing properties, parents naturally want to help their children get a start in life.
So what are the issues parents should consider; gift, loan or other?
IF you are relying on the Workers’ Compensation scheme as adequate cover against becoming disabled, you may be compromising the financial wellbeing of your family.
Workers compensation is designed to protect employers from employee workplace-related claims. It’s not an all-purpose income protection cover as most illnesses and injuries occur outside the workplace.
OUR community has been rocked by a number of heart-breaking stories recently where locals have suffered unexpected illnesses or injury.
Stroke, cancer or a heart attack can strike at any time and age or fitness don't seem to make a difference. While these events can devastate a family, it is great to see our community pull together and assist some of these residents and their families as much as possible.
IT is coming up to that time of year again where we have the opportunity to increase our tax refund for the current financial year by looking into some simple strategies. However you will need to act now to make sure anything you do is implemented by June 30, 2012, and considered as a deduction.
The first strategy is to pre-pay insurance premiums that are tax deductible. For example, if you are thinking about taking out income protection, then paying the premium for 12 months prior to June 30 can result in a tax deduction for this year.
IT'S that time of year again when we dig out the football boots and start running around Rex Jackson oval kicking or throwing a ball. As many of us would already know, it is easy to get injured and sometimes this can lead to extended periods off work.
What would happen if you had to stop work tomorrow? How would you survive and for how long? Being injured or ill is difficult enough, without the financial pressure of not being able to earn an income.