For Love Nor Money

Working with Australian financial Planners when starting out We love love. We know that feeling in the early days of relationships. So much fun, spontaneity and getting to know each other. We also know how love can place you into a little bubble away from the realities of the world. And while Valentine’s Day is just around the corner we don’t want to burst your bubble. What we do want to do is make sure new couples are speaking the same language when it comes to money and finance. So if Valentine’s Day brings a special proposal or an agreement to move in together, here’s what we suggest you focus on before making the big leap. BUDGET AND PLAN TOGETHER Just having one person in charge of all the finances is not wise. Especially when you’re at the time of your life where there are two incomes. Budget expenses and costs together based on what each of you are bringing in. Why not create a joint bank account for shared expenses to start with? Deposit a set amount per month and that’s the account you use to pay for food, rent, mortgage and bills. That way you’re covering your combined costs but you still retain ownership over the rest of your money. WATCH YOUR DEBT Keep on top of debt by keeping credit card limits low (and paid off on time), personal loans to a minimum and by managing your spending. It’s easy to get swept away in the beginning phases of a relationship with a weekend in Melbourne here, a week in Thailand there, a 5 Star meal...

Save Yourself

Financial adivce for Saving How many of you have set New Year’s resolutions? How many of those resolutions involve money? We bet there are a few hands up out there. The beginning of the year is always a good time to recalibrate and have a good look at how we’re doing things. Are there any habits we need to short-shift? Or new habits we need to embrace and work on? In this consumer-driven society of instantaneous gratification, quite often it’s our spending and saving habits (or lack thereof) that we need to focus on. We love this quote from Warren Buffett…. “Do not save what is left after spending, but spend what is left after saving. Makes sense, doesn’t it? And if you don’t know who Warren Buffett is, know this. As of today, his personal wealth is estimated at $73 billion. So we figure he knows what he’s talking about. While saving is great for your bank balance, it can also be good for your mental wellbeing. A ground breaking neuroscience study confirmed that many people feel anxious when they think about saving for their future but when they do actually save, they feel happier. People who take control of their savings and check their finances monthly are ten times more confident about their financial future than those who do not. So it pays to save. Literally and figuratively. And here’s five ways we can help you get started: Call the experts in Call us and we can help you create a snapshot of where your money is going. Budget We can help you create a budget for...