Personal Finance

A whisker away from wealth: how to invest in the pet boom

Pets can truly become our best friends, being our prized companions when spirits are high and our gentle saviours when we’re feeling low. They can also be a financial lifesaver too. In pandemic hit 2020, the Australian Bureau of Statistics says we spent 35% more time with our pets, though even before that, pets and …

A whisker away from wealth: how to invest in the pet boom Read More »

Is your firm one of those giving workers a pay cut tomorrow? Find out here

It’s the biggest change in superannuation in decades.  But what tens of thousands of workers weren’t expecting was that it could mean a cut in take home pay. From July 1, your employer’s contributions to your super goes up 0.5 per cent. Great news for some.  But not all of us. If your contract involves …

Is your firm one of those giving workers a pay cut tomorrow? Find out here Read More »

What you can claim on tax now that you’re working from home again

It can also be applied to the previous income year from 1 March 2019 to 30 June 2020 should for some reason you haven’t lodged a tax return for the previous financial year. The ATO has reiterated that they will be paying careful attention to deductions this year to people who are trying to claim …

What you can claim on tax now that you’re working from home again Read More »

Australians are paying interest on over $20 billion of credit card debt

Credit card interest can be a huge barrier to paying off the balance, with the average standard interest rate at 19.94% p.a. according to data from the Reserve Bank of Australia (RBA). On a $5,000 balance, that means you’d be paying $83.03 in interest to start with. And if you were paying, say, $200 off the …

Australians are paying interest on over $20 billion of credit card debt Read More »