Take the right steps and you and your family can enjoy financial security. But you must anticipate your changing needs. Our panel of experts tells you how to plan for each decade, and Teresa Ooi spoke to real life couples.
Setting your goals is also about discovering possibilities. You can turn your daily cup of coffee into $70,000. But first, you need to decide what you want from your money.
It’s that time of the year when we spend up big – buying presents for our family and friends, eating out, decking the halls with Christmas decorations and even going away on holidays. This can be a very stressful time for those of us on a tight budget. And it can be particularly stressful if you already have debts that you’re struggling to pay down. If you’ve been worrying about how you’ll manage your debt repayments next year, then help is at hand. Debt consolidation is one of the services we offer and we can look at ways to help you re-arrange your finances to make things more manageable and eliminate stress.
We all borrow money to buy things when we don’t have the money to pay the full purchase price. Most people borrow to buy personal assets like a home but you can also borrow to access investment opportunities to help grow your wealth. But not all debt is the same and it is important to understand how it works and consider the implications of particular strategies. While it can be a great tool to grow your wealth, if it is not carefully managed it can have the opposite effect.
The end of the financial year is just around the corner, so we’re starting a countdown to help you get your finances in order ahead of 30 June?