Do you have adequate Home Contents Insurance? When it comes to insuring home contents most people do not know how to calculate the value they should place on their possessions.  It is not until you have experienced loss of contents, especially total loss, that you realise the importance of having your home contents insured adequately.  Total loss is an extremely stressful time, however having your home contents insured for the correct value can provide peace of mind. For ...

Do you know how the recent RBA reduction in interest rates may affect your mortgage repayments? Most online mortgage repayment calculators only provide details of your loan repayments based on your loan amount and the term of the loan, and not necessarily how much you will save on your mortgage repayment each month.
The following table provides a brief overview of the monthly savings based on the 0.25% cash rate reduction from Tuesday, 5 May 2015.   L...

  Do You Know What A Financial Planner Does? Most people don't know what a financial planner actually does.   HERE ARE THE TOP THREE THINGS A PROFESSIONAL FINANCIAL PLANNER CAN DO FOR YOU:   1. Help you determine your particular financial goals One of the hardest things for someone who has never prepared a financial plan is to know what they want. For example: When do you want to retire? Do you want to retire or do you just w...

As interest rates continue to tumble in Australia, the property market is likely to start to heat-up, so if you're considering buying a new property (to live in, or for investment), I have prepared some tips which may help you find the right property, and negotiate the right price. If you haven't already, make sure you have arranged your mortgage loan pre-approval (if you are a MCKFS Total Service Client, we would have already obtained your pre-approval, but if you're n...

The cost of preparing a Will may be significant, depending on how long it will take a legal advisor to understand your particular requirements, in order to prepare a legal document that reflects your requirements. But you can help reduce the costs, by preparing the basic information your legal advisor will require, before you meet with them (as you may know, most solicitors charge by six minute increments!). To help you get started, I have put together a basic list of information ...