It’s not just the bank of mum and dad helping kids buy property:grandparents are increasingly giving cash.
Some of the rising costs are obvious – like housing – but others are harder to spot,and could risk putting the country in recession by the end of the year.
The bank of mum and dad,aka BOMAD,is one of Australia’s biggest lenders,but it comes without a rule book.
There’s a common thought that once you hit a certain age and super balance,self-managed super funds make sense. I’m not so convinced.
Nearly two-thirds of Gen Z use social media for financial information,but not all “finfluencers” are what they seem.
One question I’ve been asked a lot recently is what to do with savings right now,so here are three solid options.
A new investing trend has young people in the US betting on real-world events. In Australia,we’re wiser than that.
One-third of Australians live in shared accommodation,and some of them are embracing sharing their finances too.
Short selling is profiting from an asset’s price decreasing,and with global markets in decline,now could be the time to give it a go.
The new tax,which is on track for a July introduction,has some losing their minds and others less sympathetic.
There are plenty of good strategies to start saving for a house deposit while you’re young,even if it all feels a bit overwhelming.