Most of us have a decent understanding that weddings can be an expensive exercise, but do you really understand how much the average wedding costs in Australia? A little over $36,000, according to Australia’s Money Smart website. And that was in 2012! These days, it’s quite possibly somewhere around the $50,000 mark. I guess if you have wealthy parents it wouldn’t be a concern, but unfortunately the majority of us don’t. Let’s face it, $50,000 is a huge amount of money!
There’s no doubt that hitting your 30’s is a huge milestone for all of us. While some of us may have bought a house, started a family, or even begun a new career, this decade of our life has a vital financial impact for the coming years. For most people, our financial responsibilities have more than likely grown and juggling bills and responsibilities with saving money for the future is harder than ever. A lot of us have dusted off the
There’s no question that your 20’s is a very special period of your life. There’s a timid but gratifying feeling about becoming an adult, moving out of home, and being financially self-reliant. Whether or not you began a career, a university degree, or spent time traveling overseas and gaining life experience, your 20’s is a significant decade from both a personal and financial point of view. Regardless of what path you choose, the one constant that will continually remain in
We all suffer through stages in life where money is tight. Fortunately for us, there are a few expenses that we can easily do away with, like cable television, gym memberships, and dining out at restaurants. On the contrary, there are other expenditures that we simply can’t avoid. Rent, debt repayments and school fees are just some of the mandatory expenses that are set and there’s not much we can do about it. Having said that, there is one mandatory
In today times, saving money is a desire that every person hopes to achieve, however often it can be a challenging task for lots of folks. Rental payments, bills, groceries, and everyday necessities build up quickly, leaving most families with little to no savings. Managing to save money and enhance your life seems to be a paradox, as we mostly associate a better life with spending more money! Irrespective of this, small lifestyle changes can have a dramatic effect on
The New Year is most certainly an optimal time to reflect on the previous year and make some resolutions to improve ourselves. Lots of people’s resolutions focus on being healthier, improving their career, or improving their finances. Now all of us know how challenging it can be to keep our New Year’s resolutions, so it is vital that you make practical, obtainable goals that can be achieved with a specific degree of persistence and discipline. If you’ve determined that you want
Congratulations! You’ve successfully served your 3 year period of bankruptcy and have been discharged, so what now? You’ve undoubtedly taken the most appropriate steps to settle your financial troubles by declaring bankruptcy, and all your debts are well behind you now. Bear in mind though, there’s still a lot of work required to get your finances back on track. The biggest issue that discharged bankrupts encounter is their opportunity to borrow money, and the main reason for this is their
Christmas can be a wonderful time of year. Spending quality time with friends and family, being on holidays, offering presents to loved ones, and certainly the famed Christmas meal! It’s undoubtedly a time for giving, and with this comes expenses. It’s very easy to overdo it with holidays, presents, and enticing foods; to let your hair down and delight in the spirit of Christmas. The bottom line is, though, that the silly season ultimately passes and many of us are
If you have received a bankruptcy notice or court order you must respond right away to minimise future grief. Owing anyone money referred to here as a creditor, can be any person or business to whom you owe money. If you’re unable to pay money to a creditor, the creditor will speak with the Australian Financial Security Authority (AFSA) who will consequently deliver a bankruptcy notice demanding payment of that money. As expected, there is a threshold to the total amount
Today in the news, former economics advisor John Adams advised that Australia is too late to prevent an ‘economic apocalypse’ despite his continual warnings to the political elites in Canberra. He continued to urge the Reserve Bank to raise interest rates to avoid household debt getting further out of control. This bubble is very simple to express. Confidence! It’s the mistaken perception that Australia’s last 20 years of continual economic growth will never experience any kind of correction is most disconcerting.