Category Archives: Financial Health
Dealing with Redundancy
Facing redundancy can be a challenging and emotional time. However, with careful planning and understanding of your redundancy payments, you can turn this situation into an opportunity. This article outlines the steps to manage redundancy payments, tax implications, and how to use this windfall for future financial security, including debt repayment, savings strategies, and investments. Continue reading
Posted in Career Development, Financial Health, Financial Planning, Personal Finance, Support Services, Tax Strategies
Tagged Career Change, Centrelink, Concessional Tax Treatment, Debt Repayment, Early Retirement Scheme, Employment Termination Payment, ETP, Financial Advice, Financial Planning, Financial Windfall, Genuine Redundancy, Income Support, Investment, Job Loss, Redundancy, Redundancy Payments, Reskilling, Retirement Planning, Retraining, Savings Strategy, Tax-Free Amount, Taxation, Unused Leave Payments
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Understanding Centrelink Concession Cards
Centrelink offers several concession cards to help reduce medical and pharmaceutical costs, along with other discounts. From the Pensioner Concession Card to the Commonwealth Seniors Health Card, understanding the different types of concessions and eligibility requirements can help you make the most of these benefits. Ensure your financial well-being by staying informed about your entitlements and how to apply for them. Continue reading
Posted in Community & Engagement, Financial Health, Financial Planning, Personal Finance, Retirement Planning, Support Services
Tagged Age Pension, Carer Payment, Centrelink, Commonwealth Seniors Health Card, Concession Cards, CSHC, Disability Support Pension, Eligibility, Federal Government Concessions, Financial Advice, Financial Support, HCC, Health Care Card, Income Thresholds, JobSeeker Payment, LIHCC, Local Government Concessions, Low Income Health Care Card, Medical Discounts, MyGov, PCC, Pensioner Concession Card, Pharmaceutical Discounts, Private Business Concessions, Retirement Planning, State Concessions
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Five Step Super Health Check
Ensure your superannuation is in top shape with this five-step health check! Consolidate your accounts to avoid multiple fees, review your investment strategy to match your risk tolerance and goals, check your insurance coverage, nominate a beneficiary, and keep your details up to date. These steps will help you maximize your retirement savings and ensure your future financial security. Continue reading
Posted in Financial Health, Financial Planning, Investment Strartegies, Personal Finance, Retirement Planning, Superannuation
Tagged ATO Online Services, Beneficiary Nomination, Death Benefit Nomination, Financial Health, Financial Planning, Financial Tips, Future Investment, Income Protection Insurance, Insurance in Super, Insurance Needs, Investment Advice, Investment strategy, Life Insurance, Retirement Fund, Retirement Goals, Retirement Planning, Retirement Savings, Risk Tolerance, Super Consolidation, Super Fund Information, Super Fund Management, Super Growth, Super Health Check, Superannuation, Tax File Number, Total and Permanent Disability Insurance, Up-to-Date Super Details
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Financial recovery: should you DIY or outsource your debt management?
Australia’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. Alternatively, DIY strategies such as budgeting, negotiating repayment terms, and seeking government assistance can be effective. Understanding your options and taking proactive steps are crucial for financial recovery. Continue reading
Posted in Credit and Loans, Debt Management, Economic Insights, Financial Health, Financial Planning, Financial Wellness, Personal Finance, Support Services
Tagged Australia, Budgeting, Cost of Living, Credit Cards, Credit Score, Debt Consolidation, Debt Management Companies, Debt Management Fees, Debt Reduction, Debt Repayment Prioritization, Debt Statistics, Disposable Income, DIY Debt Management, Financial Assistance, Financial Counselling, Financial Difficulty, Financial Literacy, Financial Recovery, Financial Stress, Government Assistance, Household Debt, Income Fluctuation, money management, Moneysmart, MyGov, Negotiating with Creditors, Outsource Debt Management, Repayment Plan, Rising Interest Rates, Spending Plan, Structured Payment Schedule
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Building better money habits with your kids
Generally 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 … Continue reading
Posted in Financial Health, Financial Planning, Financial Wellness, Investment Strartegies, Life Events, Lifestyle, Lifestyle & Well-being, Personal Finance, Retirement Planning
Tagged Financial Literacy, kids, money management, parenting, saving habits
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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 … Continue reading
Posted in Consumer Behavior, Financial Health, Financial Planning, Getting Started, Personal Finance
Tagged Annual Payments, Automated Bill Payments, Bill Management, BNPL Services, Budgeting Strategies, Cashflow Management, Credit Card Usage, Debt Consolidation, Expense Tracking, Financial Advising, Financial Goals, Insurance Shopping, Money-Saving Tips, Personal Finance, Recurring Expenses, Refinancing Home Loans, Service Benefits, Smart Financial Habits, Subscription Management
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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 … Continue reading
Posted in Consumer Behavior, Credit and Loans, Financial Health, Getting Started
Tagged Budgeting Apps, Credit Card Debt, Debt Management, Emergency Funds, Essential vs. Frivolous Spending, Expense Tracking, Federal Budget Impact, Financial Awareness, Financial Control, Financial Discipline, Financial Goals, Financial Planning, Financial Prioritization, Loan Consolidation, Money Management Strategies, Personal Budgeting, Saving vs. Spending, Smart Spending, Wealth Generation
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