If the interest on your debt is deductible, then repaying the debt might not be a very good move. Often, there is a much better use for your money.
What is your most important financial asset? Is it your home? Your superannuation fund? Your investment portfolio? Your sports car (probably not!)? Actually, it’s you.
Did you know that two loans that look identical can have a radically different impact on your financial management? The difference lies in whether interest on a loan is deductible or not.
There is a big difference between the economic impact of deductible debt and non-deductible debt. This article examines how you can decide whether interest is deductible or not.
2017 has been a year of low interest - record low interest rates, that is. But record low prices don’t last forever. Interest rates will rise again. In the meantime, make 2018 your year of repaying non-deductible debt. That might make it your best year ever.
Continuing our theme of behavioural economics, this week we look at anchoring? Anchoring is how people can be mislead into thinking they have bagged a bargain. It also tricks people into selling good investments and keeping bad ones.
Last week’s blog was all about mental accounting. This week, we continue the theme and look at some bigger picture ways in which mental accounting can lead us astray.
Christmas is coming you might be tempted to buy a gift voucher for someone you care about. Think twice. Gift vouchers are actually irrational.
One of the things we most enjoy is helping people manage wealth across the generations. Most of our clients are working hard to give their kids (or their grandkids) a good start in life. So it makes sense that we teach those kids how to manage their money well. Here is our guide to doing just that.
Until now, salary sacrifice has been one of the only ways that an employee can make an extra tax-advantaged contribution into their super fund. But that changed on 1 July 2017. Now, almost everyone can make additional contributions without their employer even knowing – which might come in handy next time you ask for a pay rise!
