How to instill financial smarts in your kids

Worried about your kids not mastering the skills to manage their finances as adults? These tips for parents will help children develop good financial sense from a young age. Most parents want their children to achieve the Australian dream of home ownership. The good news is that parents can actually play a key role in making this happen by teaching their kids the basics of finance and instilling good behaviours that will last a lifetime. 1. Starting from a young age Children are sponges when it comes to learning, which is why starting their financial tuition from a young age makes perfect sense. Even in their earliest years, taking them shopping and paying for items with cash can allow child

Say goodbye debt (and hello home loan) in seven straightforward steps

It’s all too easy to rack up debt – credit cards, HECS, car loans – and may seem all too hard to pay it off. Debt can also have a big impact on how much money you can borrow for a home loan, so reducing your debt is essential when you set out to buy your first home. Here are seven steps you can take towards minimising your debt and moving into the property market. 1. Work out how much you’re spending Create a spreadsheet and track your expenses for a month – record everything so you can see where your money is going. You may be spending much more than you think on some things – more than you can really afford. 2. Decide where you can cut back With a clear idea of how much you spend each mo

Herron Todd White - Month in Review September 2017

Property market performance has been a bit “more of the same” across a number of Australian centres this year. Sydney and Melbourne have continued to lead the way, although there have been some recent measures suggesting a slowdown is due. Meanwhile, other capitals and regionals have been a mixed bag of performance. This month, Herron Todd White have delved into the homeowner sector of their service areas, taking a look at demographics, price movements and future direction. In the commercial section, an analysis of retail rents has been conducted by the team with views on how they’re tracking and what it means for retail property values. Please enjoy the September 2017 edition of Month I

RBA Interest Rate Decision September 2017

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy are continuing to improve. Labour markets have tightened further and above-trend growth is expected in a number of advanced economies, although uncertainties remain. Growth in the Chinese economy is being supported by increased spending on infrastructure and property construction, with the high level of debt continuing to present a medium-term risk. Commodity prices have risen recently, although Australia's terms of trade are still expected to decline over coming years. Wage growth remains low in most countries, as does core inflation. Headline inflation rates have decl

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