Virtual Currencies – Funny Money or Legal Tender?

Virtual currencies, or cyber currencies, are both a medium of exchange and a store of value, just like traditional money. However, unlike banknotes or coins cyber currencies exist only as digital data stored in computers. Trading in virtual currencies requires membership in an online community connected by appropriate software, with the value usually being determined […]

Traps to Avoid in Retirement – Investing Too Conservatively

This is the second article in the mini series titled: ‘Traps to avoid in retirement’. There’s a common view that as you approach retirement you should tilt your investment portfolio towards more conservative investments. This means favouring things like term deposits, annuities and cash management trusts while reducing exposure to more volatile assets such as […]

Traps to Avoid in Retirement: Going Too Hard, Too Fast

This article is the first in a mini series titled: ‘Traps to avoid in retirement’. This first article details the many choices you have in retirement once you can access your Super and the importance of making the right decisions. Retirement: you’ve made it!  And one of the rewards for all your hard work is […]

Three Steps to Your Kids Financial Success

We all want to give our children a head start in life.  This three-step article will help you to instil sound financial habits in your children by setting the foundations of good money management and savings now. For many of us, our first experience of banking and savings was the school Savings Account Program.  But […]

Being sensible with Buy Now Pay Later this silly season

Move over debit and credit cards; consumers are flocking to Buy Now Pay Later (BNPL) services. Afterpay, Zip Pay and several similar payment solutions allow shoppers to take home their goodies now while paying them off via a few weekly, fortnightly or monthly payments. There’s no interest payable as such, although fees are charged for […]