Tag: "savings account"
Have you received an inheritance, lotto money or work bonus recently? Do you feel like splurging the money to your heart’s content on luxurious goods you’d always wanted to have? Wait a minute. Before you do so, think of how you can stretch the money by generating passive income for yourself from your windfall through sound investment methods.
Believe it or not, saving for your child’s education – though very noble and generous of you – can actually be a terrible idea. Of course, this isn’t the case for everyone, but many of you will have to make the decision between saving for your child’s uni education or saving for your own retirement, in which case retirement always wins. Below you will find a list of reasons why saving for university may not be for you, none of which will make you a bad parent.
With bailouts still occurring around the world and a few countries even on the verge of financial catastrophe, it may seem like there is no end in sight to our world’s monetary and fiscal problems. At home, it has been reported for the past couple of years that Australians have the highest ratio of household [...]