According to the Australian Bureau of Statistics, women are retiring with 37% less than men in their super accounts, which is a frightening thought considering women, on average, live up to five years longer. So, what’s behind the super gap? The super gap is partly due to the lower average earnings of women. Data from…
In the past, wealth was often passed on through inheritance. But with our longer lifespans, and the higher cost of living (especially housing), the desire to help our kids while we’re alive and well is increasing. If your children are young, you may have twenty or thirty years to save and invest on their behalf,…
For some, the thought of a mid-life crisis may bring to mind quirky Steve Carell comedies like Crazy Stupid Love or The 40-Year-Old Virgin. But if you or a loved one are actually going through something that resembles one, you probably have fewer reasons to chuckle. A mid-life crisis is a transition where you might start to question…
Be suspicious of anyone that offers you easy money. Scammers are skilled at convincing you that the investment is real, the returns are high and the risks are low. But there’s always a catch. How to spot an investment scam There are three main types of investment scams: The investment offer is completely fake. The…
Women are entering retirement with significantly less superannuation and personal savings than men – leading to a growing class of women living out their golden years in poverty. We explore how the gender pay gap is adding to this growing epidemic. While most people have heard of the ‘gender pay gap’ (GPG), many of us…
Finances are one of the biggest sources of stress in Australia. Whether it’s worrying about making ends meet or planning for the future, anxiety around money can be a huge burden and can affect the quality of your work, life and relationships. I hope this article provides you with a few proactive steps you can…
Whether it’s through inheritance or marriage breakdown, women often come into large sums of money. Sadly, this sudden wealth is frequently accompanied by a need to be generous to other family members when really, we should be focusing on our own financial security and independence. “Women are over-represented in poverty statistics” While no adult should…
2020 didn’t exactly turn out the way I or many expected a year ago. For Australia, the year started badly as severe drought had given way to the worst bushfires on record. But just as the bushfires were receding it gave way to the coronavirus pandemic. Every year has a big surprise – or what…
The traditional festive holiday season is likely to be a little different this year, but one thing is likely to remain the same – the temptation to spend and the post-Christmas budget hangover. Last year Australians spent about $1000 each for Christmas on presents, decorations, travel and charity donations. For 28 per cent of us,…
Australians are generous when it comes to opening their wallet for a good cause. But you may have reached a point in life where you want to make a more substantial contribution with control over how your money is spent. You may also wish to get your children involved to instil shared values. While it…
