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Events are unfolding so rapidly that the measures just announced may be superseded in short order, but as at the time of writing (11.31pm Sunday 22 March 2020 AEDT), these are the things that you should be aware of in order to play your part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.
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.
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?
A research report from RMIT on women and money in Australia found that 48% of women were not willing to take any financial risks at all. For many women, their hard earned savings is not something they are prepared to risk.
A common perception of your typical investor is what we see in mainstream media from movies like The Wolf of Wall Street. What we aren’t shown is that there are several ways to invest and many of them don’t involve speculating on hot stocks.
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”
With Valentine’s Day coming up this week, loved up couples everywhere are talking dinner plans, presents and romantic gestures. But there’s one other thing you might want to bring up with your special someone and that’s money.
Because, ok, while financial discussions might not seem like the most romantic topic under the sun, havingan open and honest conversation with your partner about money management and financial goals is an important step in any relationship.
Call us romantics, but if you have someone special in your life, you should be celebrating that love on a regularly basis – not just on Valentine’s Day. The smaller gestures make a big difference. However, we don’t blame you if you want to take that special someone out for a date this Valentine’s Day. But no need to spend a fortune because that’s not what romance is about.
It’s a word many of us associate with being cheap, mean with money or stingy – just like Scrooge McDuck. Although wealthy, Disney’s Scrooge is a particularly greedy, cruel and selfish miser who keeps his cash in a giant money bin and is reluctant to even pay Donald a mere 5 cents an hour to polish his coins.
But Scrooge gives the word ‘frugal’ a very bad name. Taken out of the Disney world, some might think a frugal duck is one who is paranoid about money, stealing everything not nailed down from a hotel room and stashing 25 cafe satchels of sugar in their pockets after a coffee.
But frugal just means fiscally conservative – or smart with money. And who doesn’t want to be smart?
Here are the real benefits of being a bit more frugal: