Personal Finance

How does higher interest rate affect your personal finance?

 How does higher interest rate affect your personal finance?

How an increase in Fed rate hike can impact the wallets of the common man.

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Can new retirees stave off risk of plummeting stock returns?

Can new retirees stave off risk of plummeting stock returns?

It could be a bad time for new retirees as the economy slows down and the market tumult is at its worst. Plummeting stocks and bonds coupled with four-decade-high inflation has made it worse for people who have retired in 2022. The “sequence...

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Nine money-saving tips to fatten your purse

Nine money-saving tips to fatten your purse

Highlights First save than spend, says Warrant Buffet. This is a sure-shot way to create wealth. Always look for ways to cut corners, allowing more savings each month. Always keep aside a certain amount of your salary every month before paying...

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How to make most out of capital gain tax exemptions

How to make most out of capital gain tax exemptions

Highlights Capital Gains Tax (CGT) is a tax charged on the gain made while disposing of assets. Tax experts are urging Britons to make the most out of Capital Gain Tax allowance before the deadline of 5 April as CGT bills are set to rise. ...

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What is super stapling? How does it help employees?

What is super stapling? How does it help employees?

Highlights A stapled super fund is a super account that follows you whenever you change jobs. This prevents you from having multiple super accounts following you throughout your career. New rules brought in last November mean that if you change...

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How to ace the passive income game: Five ways to try

How to ace the passive income game: Five ways to try

  • March 05, 2022 06:49 PM PST
  • Ashish

Highlights Passive income can help you with extra cash without actively getting involved in a business. It saves you from taking on extra responsibilities which come with active participation in a business. Such an income can be only achieved ...

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Thing to keep in mind while co-buying a property with friends

Thing to keep in mind while co-buying a property with friends

Highlights: The Sydney housing market has got to the point where first home buyers need to save at least AU$100,000 to buy into a market like Sydney. In most cases, banks offer a joint loan, meaning both parties are paying back one loan as oppo...

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Which are the Best Lifetime ISAs right now?

Which are the Best Lifetime ISAs right now?

Highlights The Lifetime ISAs allow investors to save £4,000 a year without any tax on it. There are four types of ISAs that include Stocks and shares ISAs, Cash ISAs, Innovative Finance ISAs, and Lifetime ISAs. Individual Savings Acc...

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Scared of volatile equity markets? Here are 5 term deposits to explore

Scared of volatile equity markets? Here are 5 term deposits to explore

Highlights Emerging from a two-year long pandemic has presented a laundry list of problems, not the least of which is rapidly rising inflation. With high inflation come rising interest rates, which leave Australians scrambling to stash their mo...

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Adding crypto to your self-managed super fund? 3 things to keep in mind

Adding crypto to your self-managed super fund? 3 things to keep in mind

Highlights  While Australian super funds don’t yet invest in cryptocurrency, individuals with self-managed funds can include digital assets if they so choose. Despite its short-term volatility, crypto’s long-term potential is, ...

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Wary of paying hefty taxes? Here are five tax-saving tips

Wary of paying hefty taxes? Here are five tax-saving tips

Highlights  Homeowners can reduce their taxes by acquiring a mortgage offset account. Capital gains refer to the money made through the selling of an asset, like shares or a house, where a profit has been made. People often miss out on ta...

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