10 common financial mistakes before retirement
Many of us would like to think that ‘older’ means ‘wiser’, but when it comes to money that isn’t always the case. The complexity of Australia’s superannuation and pension systems doesn’t help. The upshot is that there are a number of common mistakes that retiring and retired Australians make.
So, what are those mistakes and how might you avoid them?
The impact of interest rates on managing debt
Credit cards, personal loans, and mortgages. While it can be easy to pick up debt as you go through life, changing interest rates, workplace interruptions and other life changes, can make it much, much harder to repay that debt.
Here are a few simple tips to make the task a lot easier.
Why the share market is not the same as the economy
In recent times, the Australian economy faced potential challenges, including elevated interest rates and inflation levels, which led to concerns about a recession as 2022 commenced. This prompted speculation about the potential impact on the share market, raising the question of whether it might also experience a decline.
But while it is tempting to think poor economic times mean a dismal outlook for the market, there are four key reasons why that is usually not the case.