Key takeaways The fundamentals of money management, including goal setting, budgeting, debt prioritisation, and investing for the future. What to do to help ensure your financial goals are not derailed, such as setting up an emergency fund. In the hustle and bustle...
Catch up on your super If you’ve had an irregular or interrupted income in the past, you might’ve missed out on opportunities to contribute to super. If you don’t fully utilise your concessional cap, and you’re eligible, you may be able to make ‘catch up’ on...
Borrowing to invest, also known as gearing or leverage, is a risky business. While you get bigger returns when markets go up, it leads to larger losses when markets fall. You still have to repay the investment loan and interest, even if your investment falls in value....
Have a savings goal and budget It’s much easier to be a good saver if you have a goal in mind. It might be a holiday, a house deposit, or just a rainy day fund. To work out the amount you’ll need, be realistic about what you can afford to save each week,...
You can get your super when you retire and reach your ‘preservation age’. This is between 55 and 60, depending on when you were born. Or when you reach age 65, even if you are still working. There are special circumstances where you can access your super...
Key takeaways An understanding of the factors that influence the amount you can borrow for a mortgage, such as income and expenses, Loan-to-Value Ratio, credit history, and employment stability. What steps you should take when considering how much to borrow,...
