It’s that time of the year again, we’re many people make new year’s resolutions. Whilst many people find that the wheels fall off by the end of January, I still believe it’s a great time to stop, reassess and make some basic plans to get your finances on track. It’s Read more …
Category: Financial Planning
5 Financial Resolutions for 2019
If you’re like me, at the start of the year you spend some time reflecting on the past year and dream about what the new year could hold. To help you kick start 2019, I thought I’d give you a short and simple list of resolutions that you could easily Read more …
The process for achieving long-term goals
One of the foundational elements of good money management is the need to have clear long-term objectives. If you speak to a financial planner they will usually make statements like “think long-term”. Generally speaking this is good advice, although I prefer to say “think eternal’, that is consider the impact Read more …
How much money should you leave to your kids?
How can Christians address some of these issues? Set Expectations – Have the conversations with your children about your estate plans and your reasons for those decisions. How they respond will give you an indication of their attitudes towards money and their likely stewardship of those funds. It is Read more …
Do you have an emergency fund?
Expect the Unexpected The one thing you can guarantee in life is the “unexpected.”We like to convince ourselves that nothing serious will happen to us, but the unexpected happens surprisingly frequently. At some point in your life, whether it’s losing a job, your car breaking down, paying for a funeral Read more …
How to reduce the risk of losing your income
If I asked you whether you would insure your car, I suspect like the majority of people, you would respond ‘of course’! But ask someone whether they have insured their biggest asset, that is their income, you’ll often hear silence. Most people think of their biggest asset as their house Read more …
The Simplest way to Build Wealth
In this day and age, with all the spending options available to us, it’s hard to save. The savings rate in most wealthy countries indicate that this is an understatement! In fact, in my country of birth (Australia) the national savings rate from 2000 to 2010 was 3%. That is Read more …
5 Ways to Prevent Money Ruining your Marriage
Marriage is the most exciting and challenging relationship that we’re likely to experience in our lifetime. Two people come together with different personalities, upbringings, values & beliefs about money (even if not obvious at first) and a variety of habits. All of sudden, your financial future is directly linked with Read more …
Practicing Stewardship and Budgeting
Each year, the cost of living goes up, prices of basic commodities rise, and stretching your monthly income often seems harder. Not to mention those unseen, unavoidable expenses like health emergencies, car maintenance, home repairs, your child’s school project, and the list goes on. As they say, budgeting is the Read more …
Should you borrow to buy a car?
For most people, a car is considered the second biggest expense after housing. This four-wheeled product of human ingenuity has become a sure-fire status symbol and a consistent part of every working adult’s wish list. The automotive industry is spending billions of dollars on traditional and digital advertising to entice Read more …