A Mozo survey of over 1,000 parents has revealed that more than half of Aussie parents have set up savings accounts to start building up a nest egg for their kids.
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You might be easily forgiven for dipping into your savings stash every now and again, but according ME Bank’s most recent Household Financial Comfort Report (HFCR), many Aussies have become dependant on routinely plundering their savings balance.
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It may not come as a huge surprise, but newly released survey data has revealed that Australians with low levels of financial literacy are less likely to make regular contributions to a savings account, less likely to be able to draw on an emergency fund and less likely to pay off their credit card balance.
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Australian savers are feeling the heat as two of the Big Four banks ring in the new financial year by lowering their base rates on standard savings accounts.
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If there’s one thing all Aussie parents aim to do, it’s tell their kids to dream big. But according to recent Mozo research, the big banks don’t feel the same way when it comes to their savings accounts.
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How many working days do you think you'd need to get through each year to cover your basic expenses?
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As the saying goes, nothing is certain in life but death and taxes. So with EOFY just days away and tax return season looming ahead, many Aussie taxpayers will be wondering if there’s anything they can do before the financial year ends to make their 2018 tax return more rewarding (and less painful).
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ING have introduced a new savings feature, allowing Aussies to link their automatic savings to everyday occurences, like hitting their daily step count, loading the dishwasher or even changes in the weather.
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New Mozo research has found that Aussies can save over $1,000 a year by swapping disposable items for reusable alternatives.
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Many Aussies have had to tighten their belts lately, and seniors are no different - but the need to plan for a longer (and more expensive) retirement could be having a big impact on how older Aussies feel about leaving an inheritance for the next generation.
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