What’s the meaning of Christmas in your household? While it can sometimes feel like spending a small fortune on gifts and food is non-negotiable, it’s not the only option. And, if you have kids, the holidays are a great time to teach them about the value of money – while having a heap of fun along the way!
At the start of the COVID-19 pandemic, the federal government announced a program allowing Australians in financial distress to withdraw up to $20,000 from their superannuation funds to help them cover their expenses during this difficult year.
The 18th-24th of October saw the debut of Ethical Clothing Week in Australia. This focus on ethically sourced and locally made textiles, clothing and footwear is particularly relevant as we emerge from Covid-19 lockdown. Supporting independent businesses will go a long way to help our local communities economically rebuild.
With our new FPA Money & Life Tracker: Covid edition survey, we explored how Australians are going with their finances in 2020. Find out just how many Australians are feeling the effects of COVID on their income, savings and how they’re changing their behaviour as a result. Plus, we share three things you can be doing to stay on top of money matters during this uncertain time.
Spring in Melbourne is a strange time. Beautiful sun-filled days are often rudely interrupted by arctic blasts of torrential rain. Yet, as the scent of blossom teases us with the promise of summer, we find ourselves in the throes of spring cleaning our homes, weeding our gardens and cleaning the barbeque ready for the new year ahead.
From budget night to June 20, 2022, businesses with a turnover up to $5 billion will be able to deduct the full cost of eligible depreciable assets of any value in the year they are installed. Loss ‘carry-back’ will also be available to around one million companies, with losses incurred up to 2021/22 carried back against profits made in or after 2018/19.
Is a recession headed our way? It’s highly likely. During 2020, the world has been through some serious ups and downs that are being reflected in financial markets across the globe. The media is fuelling the fire with its plethora of doom and gloom stories, and many people are understandably nervous.
As a single woman in her 50’s, life is probably looking very different to the way it did ten years ago. Your kids are grown and (mostly) self-sufficient. At the very least, they are no longer raiding the fridge on a daily basis, and you’re not responsible for paying school fees or for all their extra-curricular activities.
