2022 Budget, women’s & mental health care wins + millennials trump parents at managing money: This week’s best banking news

• What the 2022 Federal Budget means for you
• Major Wins for Women & Mental Healthcare in Latest Federal Budget
• Your April 2022 Financial Checklist is here
• Millennials & Gen Z more financially savvy than their parents, says Global Prime
• NBN fixed wireless download speeds are improving
• 4 ways to save money on energy in Autumn

All in this week’s best banking news recap: editor’s pick.

What the 2022 Federal Budget means for you

On Tuesday night, Treasurer Josh Frydenberg announced the 2022/23 Federal Budget - a little over a month before the next federal election. 

In light of the pandemic and the rapidly rising cost of living, this year’s budget aims to help reduce national debt and provide immediate support to those that need it most.

Read the full article: 2022/23 Federal Budget: What it means for you

Major Wins for Women & Mental Healthcare in Latest Federal Budget

In the 2022 federal budget reveal, several support measures were announced targeting mental health and women's health and safety.

Mental Health: 

• $547 million to go towards supporting and expanding the National Mental Health and Suicide Prevention Plan over the next five years. 
• Aussies currently on a Medicare Mental Health Care Plan will get ten more subsidised psychologist visits.
• $53.3 million will be invested into Lifeline services over the next four years, and $14.8 million will go towards Headspace over the next five years.

Women’s Health & Safety:

• $330.6 million will go towards improving health outcomes for women and girls
• New support for women with endometriosis or breast cancer
• $1.3 billion to go towards ending violence against women and children over the next six years
• Improvements to prevention and recovery programs for women and children affected by violence and abuse.

Read the full article: Major Wins for Women and Mental Healthcare in Latest Federal Budget for a full rundown.

Your April 2022 Financial Checklist is here

With Easter, school holidays and long weekends galore, you’d better thank your lucky stars that your favourite financial checklist’s here to help get you through! 

In your April 2022 Financial Checklist:​​​​​​​​

• How to not get pranked by your bank
• Learn how to turn 8 days of leave into a 17-day break
• Tips for saving like a pro at the Easter Show
• Budget-friendly school holiday hacks
• Buckle down with a budget this Aries season

Read the full article: April 2022 Financial Checklist for our top tips!

Millennials & Gen Z more financially savvy than their parents, says Global Prime

A recent study commissioned by the online trader and conducted by research agency The Digital Edge of 1,005 Australians revealed that 32% of millennials are better educated when it comes to finances.

Despite having a bad wrap for being the so-called ‘generation of spenders’, the study found that more than half (52%) are more interested in trading and investing than previous generations. 

“It’s encouraging to see so many Millennials and Gen Z taking an interest in investing and trading, and focusing on their long-term financial future,” said Global Prime’s director and co-founder, Jeremy Kinstlinger.

Read the full article: Millennials and Gen Z are more financially savvy than their parents, says Global Prime for all the tea.

NBN fixed wireless download speeds are improving

Over the past year, NBN fixed wireless download speeds have seen significant improvements, says the most recent ACCC (Australian Competition and Consumer Commission) Measuring Broadband Australia quarterly report. 

The report unveiled that in terms of speed in December 2021, NBN fixed wireless plan users experienced an average download performance of 93.4% of plan speed during all hours, which dropped to 79.8% during the peak 7-11pm period.

This was up from the previous report, which showed an average download performance of 88.5% of plan speeds during all hours and 73.9% during busy hours.

Read the full article: NBN fixed wireless download speeds are improving

4 ways to save money on energy in Autumn

With temperatures quickly beginning to drop, summer certainly seems to be long gone Down Under, especially thanks to unprecedented rainfall and flooding across the East coast.

With the weather rapidly changing, not to mention the rapidly rising cost of living, now’s the time to check in with your current energy plan so you can avoid any energy bill shock down the track. 

Read full article: Here are 4 ways to save money on energy in Autumn.

Searching for a solid home loan to help you buy your dream home? Check out our handy home loan comparison tool below so you can start comparing home loan options today.