2020 has seen a very noisy start to the year with one major event with significant human and investment market implications after another. For Australia it started with an intensification of the bushfires but moved on to a significant ramping up of US/Iran tensions where, according to President Trump, war came “closer than you thought” and now the coronavirus outbreak is creating fears of a global pandemic and a big hit to global economic activity.
Debt consolidation and refinancing
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.
Coronavirus update at a glance and impact on the market
Financial stress linked to family violence
Financial stress, unemployment, disability and poor health are all factors in domestic violence, new analysis of Australian statistics shows. Other common factors include female victims being aged between 25 and 34, born in Australia or English-speaking countries, and living in a de facto relationship.
Buy Now Pay Later pros and cons
With Buy Now Pay Later (BNPL) services, buyers can have their item now and spread payment in instalments over a few weeks or months. Unlike credit cards, they charge no interest on the purchase, and there are generally no fees to sign up and use the service