09Jun

The personal finance roadmap and the age of distractions

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Distractions are ever present in our daily lives. This may be more so the case than any other point in our history due to the emergence and development of the digital information age. Distractions can take many forms and arise from a diverse range of sources; however, there is often a common thread. A distraction, […]

06Jun

Retirement age? Accessing sources of income

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Retirement often involves a shift from employment income to income derived from a combination of your retirement savings (investments inside and/or outside of superannuation) and potential Age Pension entitlements. In a nutshell, it’s these sources of income that help you to fund your retirement lifestyle. Consequently, for many of us, retirement age is often guided by […]

06Jun

Personal insurances: The risk probability/impact matrix

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A vital part of wealth accumulation is putting appropriate strategies in place to manage risk. Importantly, this can involve multiple areas of your personal finances, for example, superannuation (e.g. retirement planning), investments (e.g. diversification and dollar-cost averaging), insurance planning (e.g. general and personal insurances) and estate planning (e.g. will and powers of attorney). In this article, we focus […]

06Jun

The relationship between saving motives and saving habits

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Before we dive in, take a moment to consider which of the following best describes you and your household in terms of your current saving habits? Save regularly by putting money aside each month. Spend regular income and save other income (such as investment income, bonuses etc.). Save the income of one family member and […]