With interest rates in Australia stuck at an all time low, getting the best value savings account is critical, whether you’re wanting to maximise your interest rate or reach your savings goal faster.
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It’s no secret that the word “sustainable” along with “ethical” “eco-friendly” and “green” have become the buzzwords of 2019. But when it comes to gift giving what does it actually mean? What is a sustainable present?
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With belts tightening all across the country, it’s important to keep a close eye on which savings accounts will give the best bang for your buck, but with so many out there it can easily get confusing. That’s where Mozo experts come in.
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With one in five Australians admitting that the Christmas season is the most financially stressful point in the calendar, a large chunk of us are stashing away cash over an entire year to fund it.
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According to Rabobank’s recently released Food Waste Report, the average Australian household wastes 13% of its weekly grocery shop, that’s $1,026 worth of hard earned money down the drain every year.
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In the past year we’ve watched the savings account landscape change dramatically as rates have shifted from a state of flatlining to the total free fall which we’ve witnessed over the past five months.
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Christmas may be the season to be jolly, but as it turns out Aussies might be a lot jollier if they didn’t have to spend as much on presents.
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The outlook for Australian savers just keeps going from bad to worse with new figures released today revealing a concerning new threshold has just been crossed.
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Raise your hand if you’ve ever spent your paycheck within a week of receiving it? You’re not alone.
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Whether retirement is aeons away or just around the corner, the question of finances never really goes away. And for many of us, the thought of not having enough money to last our golden years can be a major source of stress. In fact, according to a recent survey by investment firm, Franklin Templeton, a lack of savings is driving widespread anxiety among younger generations of Australians in particular.The survey found that 70% of Australians in Generation Y experience stress or anxiety when thinking about their retirement savings and investments, and 74% of Generation X aren’t too hopeful about their retirement finances either. "We often hear that retired Australians or those nearing retirement are highly concerned about the adequacy of their finances to support their retirement. However, concern among younger Australians is even more widespread," said Manuel Damianakis, Head of Retail for Franklin Templeton in Australia.73% of Gen Y and 68% of Gen X respondents expressed concern they were behind on their retirement savings, with many convinced they'll never get a chance to retire, or will have to work part-time to fund their retirement."When you consider that there are so many different projections about the amount of money a person will need in retirement, and estimates can differ by millions of dollars, this general malaise about retirement finance is not hard to understand," said Mr Damianakis. Easing that anxiety won’t be the easiest thing in the world, but it’s not impossible. Here are a few things you can do now to make sure you have a sizeable nest egg by the time you retire.
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