7 ways to consider your finances over Christmas

financial review

Well, 2017 may not quite be over, but as you start getting ready to taste that turkey and pull those crackers, the Christmas lull is definitely a good time to take stock of your personal finances and make some plans, changes and resolutions for the looming year.

Here are some things to consider to get your financial house in order before 2018 starts.

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Time is your biggest advantage

Relaxed Millennial

Millennials are under pressure and in a hurry. They face quite a few pressing issues in this meteorically fast-moving 21st century. The cost of living is high, job security is low, and it’s a fact that they are more stressed than the other living generations.

So what could be the antidote for these young Millennials and professionals who are looking into an uncertain future in this volatile world?

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10 reasons to feel better about renting in Australia

For Rent

Turn to any page of a newspaper real estate pullout and you’ll probably feel a hefty kick to the kidney. In case you haven’t noticed, Australian housing prices are high.

But what a lot of Australians don’t also realise is that right now in Australia, because of this insane seller’s market, renters are actually winners. Here are 10 reasons to feel better about renting in Australia.

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5 ways Australians can give back this Christmas

Christmas donation

The concept of ‘Christmas’ means something a little different for everyone. Famous positive thinker Norman Vincent Peale perhaps put it best when he said this special time of year “waves a magic wand” and makes “everything softer and more beautiful”.

Indeed: most of us slow down at Christmas and spend that extra time with those we really love, and those who are connected to us that we perhaps don’t see quite as much during the busyness of the working year. But many of us also feel the wider pull of that spirit of togetherness and gift-giving, and find ourselves thinking ‘how can I give a little something back?

In fact, giving up some of our time, thoughts and money can be nothing short of life-changing, both for the giver and for the recipient. So as another long and bustling year winds down, we’ve come up with five easy and meaningful ways young and busy Australians can give back this Christmas.

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How to invest for the first time

invest first time

Investing is one of the best things you can do for your money, but taking the plunge into the world of investments can be a daunting one, especially if you don’t know much about it.

The first step to investing well is doing the research, which means you’re basically halfway there. Almost. There’s still a bit to know before you buy your first share. Luckily for you, one of the greatest advantages young investors have is time.

Here’s how to invest for the first time.

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10 things worth spending money on in your 20s

things worth buying 20s

There are purchases that are really worthwhile, and then there are impulsive purchases that you could’ve done without, like your midnight ASOS order.

Your twenties are a great time to start investing in yourself and that involves quality purchasing decisions. And yes, that probably means spending less time in Kmart.

Here are 10 things that are worth spending money on in your 20s.

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Exchange Traded Funds vs Index Funds

 

Researching all the available options for you as a first-time investor is a critical step that shouldn’t be missed. Even if you end up paying a third party to manage your investments, you will need to understand how they will invest on your behalf and what to expect from them.

Investment funds such as exchange traded funds (ETFs) and index funds are a popular choice for those new to investing. Learn more about how they work, their advantages and disadvantages so that you can decide on the best investment strategy for you.

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The difference between good debt and bad debt

Credit Card Online Shopping

Hang on, isn’t all debt bad?

Wrong. Well, sort of.

Technically speaking, having debt means you’ve spent money you don’t have. Sometimes this isn’t such a bad thing, as long as you’re getting long term value out of it and you’re not racking up debt to the point where you can’t see a way of ever repaying it – this is always bad debt. Continue reading “The difference between good debt and bad debt”