Key points: The aged care system in Australia has three main pillars — home care, residential aged care, and retirement villages If you can’t afford aged care services, the Government will help pay for the services you need There are other services that provide allied health and wellness supports Examples of care
These three common mistakes are easy to avoid. Making them could be costly. Sharp downturns on global financial markets are always unsettling. Recently and largely in response to growing fears that the United States is heading into a recession, share markets fell heavily before rebounding. Share markets may remain volatile
Think of your finances like your home: how its foundations are built and maintained determines its ability to stand strong for years to come. Money expert Helen Baker shares how you can get your finances in tip-top shape. Most of us are feeling the pinch from the cost of living crisis: essentials
A ‘transition to retirement’ (TTR) strategy lets you access some of your super and keep working. Setting this up can be complicated, so contact your super fund or financial adviser for advice. How transition to retirement works If you’ve reached your preservation age (aged 60) and still working, you can use a
Retiring without a mortgage has a large positive impact on retirement confidence. For decades the “Great Australian Dream” has been the general desire by most Australians just to own a home. But that dream has morphed over time. These days it’s not just about owning a home but having the
While the Federal Government’s recent announcement about providing some relief for those with student debt is anticipated to help those with student loans, debt can hold you back financially, so let’s look at some ways to free yourself if debt is becoming a burden. Debt can be a real drag
Loud budgeting is a trend that may have started as a joke but is being embraced by those who want to share their financial goals and priorities and in doing so, also improve their chances of achieving them. It was comedian and writer Lukas Battle who bought the term “loud
Tips for saving money Being a good saver has plenty of advantages beyond your short-term financial goals. It can be the difference between keeping your head above water during difficult financial times and being in financial hardship. Here are our tips to help you become a better saver. 1. Set
Rental expense categories There are 3 rental expense categories, those for which you: can claim a deduction now (in the income year you incur the expense) – for example, interest on loans, council rates, repairs and maintenance and depreciating assets costing $300 or less can claim a deduction over several years – for
Australians under 40 often grapple with housing affordability, ongoing mortgage repayments, family planning, and career progression. However, these are also exciting times, marked by milestones such as buying your first home, having children and career advancements. What’s often missing are the conversations with ageing parents on the planning of wealth
Binary options promise quick, high returns. But the reality is you will lose your entire investment most of the time. Binary options are financial products that bet on the outcome of an event. If you pick correctly, you get a fixed cash payout. If you get it wrong you lose
Why pay down your home loan faster You might wish to boost your repayments now, so that you can enjoy the freedom of being mortgage-free. This could help bring forward the overseas holiday you’ve been promising yourself, or help your children complete their education. Perhaps you’re planning on renovating your
