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.
Transitioning back to school in the COVID-19 era can present many challenges for parents and children. Many parents have reported that learning from home has given their child the opportunity to work at their own pace. Many children have also benefitted from the 1:1 support which has helped with learning.
No one thought when the pandemic hit Australia in January, that months later, many of us would still be dealing with its fallout. The restrictions for those living and working in areas where the number of COVID cases are higher have caused psychological, physical, and emotional effects, including physical and mental exhaustion.
