Year 2021 has been a better year in comparison with 2020 when Covid-19 has just started. However, it is still a tough year that we have managed to get through. Let's spend a few minutes to recap what we have gone through in 2021 and what we can do better in 2022. n n Wrapping up prior to the New
Let's get started with the definition of inflation. So, what is Inflation by the way? n "Inflation is an increase in the level of prices of the goods and services that households buy" n (Reserve Bank of Australia, 2021). n The below graph shows Australian Consumer Price Inflation over a period of 30 years: n n n It can be
For every Australian, Superannuation is one of the most important saving sources that allows them to retire comfortably. According to the Association of Superannuation Funds, the minimum superannuation balance recommended to achieve a comfortable retirement is $640,000 for a couple and $545,000 for a single person. n Here is what Comfortable retirement includes:n- Kitchen and Bathroom can be replaced every
Have you ever questioned if your investment portfolio is well diversified? What happens when your investment portfolio lacks diversification? n n The stock market and real estates are picking up at a surprise level, especially in Australia. And what will happen next? What will happen to the Australian cash rate? What will happen to Aussie dollars and what about gold?
What is Personal Finance? n Basically, Personal Finance covers all financial related aspects of your life. Personal Finance covers budgeting, cash flows monitoring, banking, insurances, mortgages, other loans, investments, retirement planning, tax implications and estate planning. n n Let us dig in the importance of Personal Finance in today's world: n n 1. Money is unfortunately the number two reason
People do make mistakes in property investing. Why are others successful? Do they have more money than me? Are they smarter?nnSince COVID-19 hit the world economy, every country's economy has suffered from a significant downturn. In Australia, we have witnessed one of the biggest stock market crashes in February – April 2020. The property market followed the market crash and
Whether or not you have a financial background, you will need some sort of money management skills in your daily life. Learning finance at the university does not guarantee you to be good at money management. Many people are struggling everyday or during some period of time with managing their money, n Understanding a full picture of your finances will
nAccording to ASFA (Association of Superannuation Funds of Australia), around 80% of the population aged 60 and over who died between 2014 and 2018 having no super left in the 4 years period before their death. n n n Having investment income outside the super is necessary to ensure you will retire comfortably. For this to happen, you will need
At RBA meeting on 2 March 2021, Monetary Policy Decision was to maintain the cash rate and 3-year Australian Government bond at 0.10%. n n Due to the COVID-19 vaccine roll out, the global economic outlook is looking better than it was a few months ago while higher U.S longer-term bond yields have been noticed. n n Australia's economy is
According to an Australian Government source in 2019, the average age of a person moving into a Residential Aged Care is 82 for men and 84 for women. However, people need some sort of support before that age. n n Australian Institute of Health and Welfare indicates that a person currently aged 65 could expect 17-25% of their remaining years