Financial Insights & Updates June 2022
Welcome to the June issue of Financial Insights and Updates.
As both inflation and interest rates continue to be tipped to rise, it is becoming increasingly important to limit spending and increase savings.
This month we have a series of videos from Moneysmart about spending and savings. These are especially useful either for the younger folks who have just started working or for anyone who is trying hard to find the right balance between spending and saving. Our articles ‘Keeping up with the Joneses: The bad habit that costs you’ and ‘Why the Key to Saving Money is Knowing when you have Enough’ provide further food for thought on these topics. As always feel free to forward our content to loved ones who you think might benefit from the information.
Our investment savvy readers might find the article ‘The cost of not investing’ a thought-provoking read, especially in these times where there’s heightened market uncertainty.
And if you have ever wondered about gaps in insurance premiums between the genders, our article ‘Men v Women: Who pays more when it comes to Insurance?’ will provide some interesting insight and figures.
In signing off, please remember that we are always available to answer any questions or queries you may have and to come speak with us before making any major investment decisions.
Warm regards,
The Team at Nixon Financial Services Pty Ltd
Video Series – Spending and Savings
Keeping Track of Spending
Maximise Your Savings
Manage Spending & Debt
Set Savings Goals
Keeping up with the Joneses: The bad habit that costs you
There’s a quote that says, “Money can’t buy you happiness, but it can buy you a yacht big enough to pull up right alongside it”. True if you’ve got that sort of money. For the rest of us, our spending is usually clothing…
Why the key to saving money is knowing when you have enough
It was a warm spring day on Shelter Island, New York, when two renowned authors, Kurt Vonnegut (Slaughterhouse-Five) and Joseph Heller (Catch-22), found themselves at a party at the palatial second home of a…
Men v women: Who pays more when it comes to insurance?
It’s bad enough that women face a gender pay gap approaching 14%. But the $255 average weekly pay difference between women and men can be eaten up by the so-called pink tax.
Three things you should know about super
Superannuation (or Super) is a percentage of your income put aside by your employer over your working life to help fund your retirement. It’s a compulsory system in Australia that requires contributions to be made…
The cost of not investing
For many people, the phrase “investing in the share market” is framed by either gains and losses. For the “gains” group, the thought of increasing their wealth and having the potential to generate returns is what…
Using trusts: Keeping it in the family
The use of trusts by Australians to hold different assets, including investments in exchange traded funds (ETFs), managed funds, and direct shares, continues to grow. According to the Australian Tax Office (ATO), there are…
