Four ways to teach children healthy money habits

Set a good example for your children with just a few simple changes.As a parent, you try to ensure your children have the skills to make smart financial decisions. For example, you tell them about the importance of saving or the power of compounding interest. But did you know that you could be sending them negative money messages without meaning to?

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2019 Federal Budget

In 2018/19 • Low and middle income earners will benefit from tax savings as a result of an increase in the low and middle income tax offset. • The instant asset write-off threshold will increase from $20,000 to $30,000 for small and medium sized businesses with aggregated turnover of less than $50 million. • A one-off payment will assist eligible social security and DVA recipients with the cost of energy bills. • Aged Care funding will increase. From 1 July 2019 • The Partner Service Pension will be available to former spouses of veterans. From 1 July 2020 • People aged 65 and 66 will be able to make voluntary super contributions without having to meet the work test. • The age limit for spouse contributions will increase to 74. • More flexibility will be provided when calculating exempt current pension income

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Financial Behaviour & Psychological Biases

When we invest or deal with money do we misbehave? It is in our makeup to misbehave when it comes to money and investing. One of the psychological factors that has a huge impact on our financial decision making is our ego and so, before we go any further, the first thing you must do is let go of this and accept that you’re just as culpable of these misbehaviours as everyone else.

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JANUARY 2019 MARKET UPDATE
Stock market graph and business financial data on LED. Business graph and stock financial indicator. Stock or business market analysis concept. Business financial or stock market background. Business graph on stock market financial exchange

JANUARY 2019 MARKET UPDATE

Equities rose strongly in January, after taking a battering in December. Bonds rallied in Australia, as markets increased the chance rate cuts. The AUD was supported by higher commodity prices.

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What is bitcoin?

Bitcoin is a type of digital currency known as a cryptocurrency. It operates on a decentralised peer-to-peer networked program on your computer, meaning that transactions can be conducted between a buyer and seller without the need for any third party oversight such as a regulator or bank. The underlying technology that makes all cryptocurrencies possible is the blockchain.

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Investment Warnings
Stock market graph and business financial data on LED. Business graph and stock financial indicator. Stock or business market analysis concept. Business financial or stock market background. Business graph on stock market financial exchange

Investment Warnings

Help yourself avoid bad investments by doing some basic safety checks before you hand over your money.

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