New Scheme for First Home Buyers Falls Short of the Mark

mini house

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.  

The FHSS is the government’s response to helping Australians with housing affordability. But is it enough? In Part 2 of our 3-part series on Housing Affordability, we ask whether or not the FHSS is the saviour of the great Australian dream, or is it too little too late?
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5 ways to take control of your finances in your 20s

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?

We asked Bessie Hassan, money expert at finder.com.au for her 5 tips on how to get yourself on the road to financial freedom.
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Get started on your #finfreedom with our Investing 101 guide

Investing is one of the best things you can do for your money, but taking the plunge can be a daunting one, especially if you’re new. That’s why we created a beginner’s guide – to help you along, step-by-step, to become a savvy investor equipped with the basics to make an informed decision about how investing can help you reach your financial goals.

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Australia’s housing affordability woes: Part 1

couple in house with boxes

Australia’s home affordability woes have impacted a whole generation of young Australians now facing the daunting challenge of breaking into the property market.

Clover Co-Founder Harry Chemay explains why ownership rates among young Australians, particularly those under the age of 35, have experienced a significant decline over the last four decades.

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4 things you need to do before you start investing

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.

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5 ways to avoid debt in your 20s

Hands opening up an empty wallet

 

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.
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5 important financial conversations to have with your partner

clouds in the shape of hearts

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, having an open and honest conversation with your partner about money management and financial goals is an important step in any relationship.

But, since it can also be a tricky subject to bring up, Kirsty Lamont from comparison site Mozo has shared five money conversations that you might need to have with your significant other and her tips on how to tackle them without killing the mood. Continue reading “5 important financial conversations to have with your partner”

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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