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
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 everythin
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.
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. Comm