The idea that you should be setting aside a portion of your income for an ‘emergency’ rather than banking it straight into your savings can be a hard one to swallow, particularly if you’ve got your eye on a new car or even your first home, but trust us – it’s worth it. The key is to start now.
Here are 5 steps you can take to start building your emergency fund.
Continue reading “The ultimate guide to building an emergency fund”
Asset classes are an important concept in investments which is used to categorise different types of investments. We’ve pooled together all the info you need to know about them so you can get started on growing your money.
Continue reading “A beginner’s guide to asset classes”
At Clover we encourage all clients to set a goal of investing a set amount each month. It’s not a requirement but it’s highly recommended!
Here are five reasons why we think you should set a monthly investment goal —and stick to it.
Continue reading “Why investing a set amount every month is ideal”
The two most common type of scams used on Australians are dating and romance scams, and investment scams. Between them they accounted for almost $50 million of the $83.6 million reported to the Australian Competition and Consumer Commission’s (ACCC) Scamwatch service during 2016.
While we’re not qualified to provide guidance on how to enhance your love-life, we are very much dedicated to improving your financial life, and that means providing you with the knowledge to avoid investment scammers. Here’s what you need to know.
Continue reading “How to protect yourself from an investment scam”
We have all dreamt of being financially independent and never having to work again. To have enough money to do the things we want to do – without borrowing it from others.
However you define your own version of financial freedom, here are 5 general steps that will help you get there.
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Remember when you could buy a three bedroom house with a rear garden within 20km of the CBD for less than $350,000? Yeah, neither do we.
According to CoreLogic’s latest property price data, the average Sydney house is now a whopping $1.08 million, with Melbourne not too far behind at $811,000, Canberra at $645,000 and Brisbane at $527,000.
Depending on the city in which you live, your income and saving capacity, it may take up to 10 years to save up for a deposit, especially if you want to avoid Lenders Mortgage Insurance by saving at least 20% of the total purchase price.
They say a journey of a thousand miles starts with a single step, so if your destination is property ownership, and ideally before your forties, read on.
Continue reading “Saving up for a house deposit? Here’s what you need to know.”
While many young people nowadays have already hot footed their way into the stock and property markets, for the majority, ‘investing’ is still a daunting word.
If you’re interested in growing their wealth, there are a number of ways you can work out if redirecting a portion of your income or savings into a financial growth vehicle is something that fits your current lifestyle and position.
So, here are 10 signs you’re ready to start investing.
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Whether it’s early days or it’s been a while, have you given some thought to how you and your partner manage money as a couple? Money can be a huge source of tension in any relationship – Harry explains how to best handle it.
Continue reading “Ask Harry: What’s the best way to handle finances as a couple?”
Why bother saving for retirement when it seems so far away? The trickiest thing about retirement planning is that we simply don’t know how long we’re each going to live.
A typical 30 year old male can expect to live another 51.3 years according to recent data from the Australian Bureau of Statistics, while a female of the same age can expect to live another 55.1 years. And that’s the average person. If you have longevity in your family, earn an above-average income and don’t add to risk factors such as smoking, inactivity or a poor diet you could live well into your nineties.
Here are 7 quick steps to getting your super sorted in a jiffy.
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Sometimes it’s not about where you spend your money, but rather how you manage it. While it may pay to be strict about what you can and can’t buy, such as cutting down on your daily Mango Passion Boost Juice so you can save for that new car, it can often be more effective to simply change your approach to spending.
An alternative to cutting specific items out of your budget, is simply changing the way you think about and handle your money.
So, here are five habits you can adopt that make saving money easier.
Continue reading “Top habits that make saving money easier”