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Posted in Financial Planning
#Everyoneneedsaplan to Maximise Super Contributions from 1 July 2020
Posted by Dean McKinnon
on 14 September 2019
If you are aged 65 to 67 you may be able to contribute an additional $200,000 to your super from 1 July 2020.
The federal government is currently in the process of making changes to super contribution laws and from 1 July 2020 the "Work Test" requirements for super contributions are likely to be amended.
Effectively this will mean from 1 July 2020 if you are aged between 65 and 66 you will be able to make voluntary contributions to your super (concessional and non-concessional...
| Posted in:SuperannuationRetirementFinancial Planning | 0 Comments |
#Everyoneneedsaplan to Budget for Christmas
Posted by G. Dean McKinnon
on 18 July 2018
CHRISTMAS IN JULY?
Maybe, but it is time to start planning for the Festive Season without breaking the bank.
We have some tips on how to avoid the budget going into the 'red' and still enjoy your Christmas and New Year Festivities:
Make a Plan - the key to a successful Christmas is to make sure you plan your expenditure.
Separate Your Cash and Credit Cards - you should separate your cash and credit card expense budgets. Always using a credit card or cash card ...
| Posted in:Financial Planning | 0 Comments |
#Everyoneneedsaplan for a successful budget
Posted by G. Dean McKinnon
on 28 April 2018
Is Your Budget Accurate?
In order for your budget to be a successful tool in developing your financial plan, it needs to be accurate.
Here are some tips to help make your budget more accurate:
Before you start, obtain some source documents from which to obtain actual expenditure (e.g. credit card statements; bank account statements; bill notices; rental statements).
Separate your expenses into categories (e.g. household; vehicles; education; debts [c...
| Posted in:Financial Planning | 0 Comments |
#Everyoneneedsaplan to Budget for a Newborn Baby
Posted by G. Dean McKinnon
on 14 April 2018
How to Budget When You're Having a Baby
Budgeting for a newborn baby is key to reducing stress on the family.
The family's income may be lower due to mum not working leading up to, during and after pregnancy
Detailed cash flow planning is a must to ensure sufficient monies are available to meet the family expenses
You should revise your expenditure budget to include costs of newborn baby (you can use our budget template)
You should include hospita...
| Posted in:Financial Planning | 0 Comments |
#Everyoneneedsaplan for budgeting
Posted by G. Dean McKinnon
on 14 April 2018
Budgeting: How to make it simple
In order to have an effective budgeting system, you need to make it easy to follow and implement.
We recommend not having too many bank accounts - it over complicates the budgeting system.
You only need 3 bank accounts:
A day-to-day bank account;
A bills account; and
A special purpose account (i.e. holidays).
All income should be received into the day-to-day bank account and then distributed to the bil...
| Posted in:Financial Planning | 0 Comments |
