RBA Reveals That Cash Hoarders Hoarded Record Amounts During Pandemic
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Over the past decade sightings of $50 and $100 notes have continued to become a rare method of payment. During the covid-19 pandemic, online sales boomed as shops closed. Those that remained open preferred the more hygienic tap-and-go method with bank cards or phone. All of these findings might mean that it is a huge surprise […]
Rise In Covid-19 Cases Triggers A Decrease In Early Year Spending
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ANZ is reporting a huge decrease in early year spending across the country when compared to previous years. The caution in spending is a result of the significant spread of the Omicron variant of covid-19 especially in NSW where spending in the week to 2 January was 25 percent lower year-on-year. However, ANZ Research senior […]
How Can Money Contribute Towards The Breakdown Of A Marriage?
It could be easily argued that the greatest threat to wealth creation is not tax, but divorce. This is a belief that can be in many cases true when discovering the huge fees that are associated with assessing family property settlements as a result of the breakdown of a marriage. Money in many cases can […]
Common Cashflow Related Problems And Tips For Fixing Them
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Cashflow is the buzzword used to describe for all of the money that is coming into and going out of your business. In financial terms, it’s the culmination of accounts receivable and accounts payable. Cashflow is not about sales or revenue, it’s about the actual, cold hard cash that is made available (or unavailable) to […]
A Large Number of SMEs Report To Having Difficulties With Their Cashflow
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Recently published research has revealed that a large percentage of Australian SMEs are struggling with their cashflow as a result of the ongoing covid-19 pandemic. The survey that included data from over 900 commercial financial brokers showed that even before the latest lockdowns in NSW and Victoria came into full effect close to 77 percent […]
Australians In Lockdown Have Had Bills Increased By $233
Over 15 million Australians are living in strict lockdown conditions as of 19th August. Although there are many people who are saving money as a result of staying at home, the cost of living for many is surprisingly only getting more expensive. Recently published research has demonstrated that 27 percent of Australian households have seen […]
Tips for Reigniting Your Savings
It has been reported that 9 out of 10 Australians are unsure of how much money they spend each month. If you are saving for a holiday or a house or a car if you want to make it easier to reach your savings goal it would be a good idea to keep track of […]
Tips for Dealing with Financial Stress
Financial stress can stem from a number of different reasons such as; being stuck in debt, not earning enough to live your desired lifestyle, the expense of raising children or being married to a someone who struggles with money. Here are some tips to help reduce your financial worries and some tips to help you […]