We are a nation of savers and vacationers, according to new research by life insurer TAL which posed the question: “what would you spend an extra 10% increase in income on?”
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Research released today by the Australian Human Rights Commission highlighted pregnancy discrimination is widespread with one in two mothers experiencing discrimination in the workplace at some point during their pregnancy, parental leave or when returning to work.
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As Aussies partake in the popular “Dry July” fundraiser to take a break from the binge drinking culture, research by Roy Morgan has highlighted overall we are drinking and smoking less.
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Australian families are saving on their yearly grocery bill by about $445 thanks to the cooling of price rises on a range of goods, according to news.com.au.
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Private health insurance just got more expensive for the average Australians as the largest increase to hit private health customers in 9 years came into effect yesterday. Health insurance premiums are expected to rise by an average 6.2 per cent, which equates to an average price hike of $250 a year.Mozo spokesperson Kirsty Lamont said that many Australians will be feeling the impact of the price hike in their hip pocket and a lot of people will be thinking twice about maintaining their private health insurance, but its important not to panic."Don't do a dump and run," she said. "Spend some time shopping around first to see if you can save. You can save hundreds of dollars by shopping around and choosing the best policy for your needs."With a typical family private health insurance policy now costing around $4000 a year, the price hike has presented a good opportunity for policy holders to take stock and really think about the cover they really need."Compare your current policy against other options but don't just choose a policy on premium price alone," Ms Lamont said. "Take a close look at what your covered for and not covered for to determine how much value you'll get out of the policy."Here are Mozo's top tips to manage health insurance costs.
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Six charities will be sharing in more than $1.1 million in new funding to help improve the life outcomes of families and communities across NSW thanks to Greater Building Society's Charitable Foundation.
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The number of households able to put money away each month once bills are paid are dwindling according to ME Banks biannual Household Financial Comfort Report.
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An equivalent of 300,000 married and de facto couples in Australia have secret bank accounts without the knowledge of their partner, according to new research conducted by TAL Life Insurance.
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Contrary to common belief and financial product marketing practice, new findings from American researchers suggests that keeping it simple with a single savings account may be the most efficient way to maximise your savings.
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According to the RaboDirect annual Savings and Debt Barometer, Gen Y are best generation of savers, with 29 per cent saving a regular amount each month compared with 19 per cent of baby boomers. Gen Y, who usually get a bad rap for credit card debt and irresponsible spending are proving the older generations wrong with their disciplined savings habits.
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