It’s nearing midnight as I write this, having just wrapped my head around the latest measures announced from tonight’s National Cabinet meeting of the Prime Minister and Premiers/Chief Ministers of the States and Territories.
That was after spending much of the afternoon combing through press releases and bulletins detailing the additional $66 billion economic rescue package announced by Prime Minister Scott Morrison and Treasurer Josh Frydenberg earlier today, adding to the $17.6 billion stimulus package announced on 12 March.
Events are unfolding so rapidly that the measures just announced may be superseded in short order, but as at the time of writing (11.31pm Sunday 22 March 2020 AEDT), these are the things that you should be aware of in order to play your part in helping see Australia through this COVID-19 crisis.
I’ll tackle the public health measures first and then loop back to provide some detail on the economic rescue package and things to keep in mind should you be impacted by the economic effects that will result from the required public health response.
As the situation will remain fluid for the foreseeable future, please also check in with the Commonwealth Department of Health’s COVID-19 page on a regular basis for the latest information and guidance.
With the cold grip of winter now here, it’s no surprise if you’ve started to think about a dream getaway somewhere a lot warmer. Whether sipping Mai Tais on a beach or feeling the warm rays of blue skies in Sicily, you may be ready to ditch the winter blues. Continue reading “7 ways to save for a dream vacation”
As you’re answering emails or responding to Slack notifications on the go, you may wonder if devices like the smartphone really make your life better. But, there’s little doubt that in many ways, they can make life easier.
Need to know what time it is in New York? “Hey Siri!”
Like it or not, our phones and tablets mean that answers are in the palm of our hands.
The First Home Super Saver Scheme (FHSS) is a new initiative that passed into law on 13 December 2017. The scheme allows individuals to save towards their first home deposit within the superannuation system as from 1 July 2017.
For many, your twenties are the years in which your finances are the most stretched. You’re probably trying to save for a house, a new car or a trip, as well as trying to keep up appearances at all the social events. But it’s also the time in your life when you should be setting yourself up to be financially secure for years to come.
So how do you balance it all and learn to take control of your finances?
Ah, your sweet 20s. It’s absolutely guaranteed that you will have one sack full of adventures and another full of mistakes.
But that doesn’t mean you don’t need to think about what financial shape you’ll be in once you do say hello to that inevitable 30th birthday. Because it’s about then that you may be wondering about buying a house, starting a family, and perhaps even planning for the future with healthy personal finance habits in the bank.
Saving in your 20s is hard, and racking up a mountain of debt is easy. But don’t fret – it’s never too late to start blasting that 20-something debt and setting off on the road to a bright financial future. Continue reading “5 ways to avoid debt in your 20s”
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