You, or someone you know, may have had a change in circumstances and may need support. We have put together some information to help you navigate these uncertain times and to answer some frequently asked questions.
Q&A: Social security support in times of need
Even experts make mistakes
Psychologists Kahneman and Tversky have shown that people, even experienced researchers, make poor decisions when faced with uncertainty. In a research paper, Judgement Under Uncertainty, Kahneman and Tversky highlighted three decision making processes that people use to assess probabilities or make estimations
Having a good financial plan
The increasing spread of Coronavirus – updated economic and investment market implications
My reasons for calm in the middle of a tough quarter
Financial Advice: A brief overview of the Melbourne property market
Be financially smart on Valentine’s Day
Your first steps to investing with confidence
Micro-investing the millennial way
Fires to have little impact on GDP: RBA
The China Coronavirus outbreak – economic and investment market implications
Australian neobank growth
Be financially prepared
According to this same report, only 40% of families have enough in savings to cover three months of expenses, with an even lower percentage having the usually recommended six months worth of savings. This is frightening to us, as having an emergency fund can greatly help a person get through tough parts in life.
Five steps to building wealth [VIDEO]
If you don’t know your current financial position, how will you know if your wealth is growing?If you want to build your wealth, making a list of all your assets and liabilities is a great place to start. You can revisit the list every year to see how much progress you’re making towards building a wealthier future.