Financial education for children (of all ages) is a gift that will see them in good stead for the rest of their lives. As a responsible parent/ adult, mindful of your goal to provide financial independence for yourself and for your family, you have established a financial planning strategy; you have accumulated financial wealth; you have a well-considered ‘estate plan’; and to the extent necessary, supported this with life insurances [...]
Managing Money and Debt Managing money and debt is one of the key responsibilities of governments. The management of money and debt is an important consideration for investors and for the broader economy. The money available and in circulation in the economy is in the control of governments and the central banks; and debt is of interest for investors wherever it is held – by government, business or households. Governments [...]
Intergenerational wealth transfer is about to move significant asset values from the accumulators to the next generation: how will they cope? One of the most difficult financial transitions that those with limited financial literacy or experience in the 'management' of wealth and assets, is the one from modest wealth to substantial financial resources over a short period of time. Intergenerational wealth, if not pre-conditioned, is able to be compared with a [...]
The superannuation co-contribution that the government makes to the superannuation accounts of eligible contributors attracts a lot of attention and publicity towards the end of each financial year - and its free superannuation money. We wrote about it in an article previously but, as the end of the eligible contribution period for getting money in to your superannuation trustee, we are running a reference to that article again. Government co-contribution is free money [...]
Preparing a family budget doesn't have to be hard, and it will help you understand where your money is being spent, ways to better manage personal finances, and how to save cash to meet your financial goals (including saving to invest for longer-term goals). Follow some expert tips to help you in preparing a family budget and start saving: Write down what you spend your money on The first step [...]