by Bottrell WealthWhen developing a budget, it’s easy to think that you have no control over costs for essential items such as electricity, particularly when every bill seems to be higher than the last. But if you look closely at your energy usage at home and make a few small changes to reduce your consumption, you will […]
by Bottrell WealthIf there is a good chance you will receive a tax refund this year or by being thrifty you have accumulated some extra cash in your everyday account, try to contain the temptation to splurge or celebrate; instead, make it work harder for you. Here are some places you can stash extra cash that will […]
by Bottrell WealthEach year in early May, the Treasurer delivers the Federal Budget and many people across Australia listen intently. The Budget tells us how the government plans to spend its revenue in the coming year, whether it can afford to give us tax cuts, and whether it expects to spend more (creating a deficit) or less […]
by Bottrell WealthThe days of the sole breadwinner looking after all the family finances without any involvement of their partner are long gone. With two-income families more often the norm, both parties in a relationship should have a say in the financial situation and an understanding of what is going on. Pre-nuptial agreements don’t sound very romantic […]
by Bottrell WealthThe holidays are over and you’ve had a great time. Until the dreaded credit card statement arrives and you wonder how you’re going to pay it off. Happy holiday memories soon vanish into thin air. Unfortunately there are no magic ways to wipe out debts – it just takes discipline. Paying off credit card debt […]
by Bottrell WealthWhen most people think of salary sacrifice they think of superannuation. It’s pretty easy to see why. If someone earning $100,000 a year takes the last $10,000 of that amount as cash salary, they will pay $3,900 in tax and the Medicare levy. Salary sacrifice that same amount as a concessional contribution to super and […]
by Bottrell WealthBeing made redundant from your job can be hard to accept. It is the sudden shock that catches most people – but try not to take it personally. Redundancy is usually not about your personal performance; it’s the performance of your employer’s business, the industry sector in which you work, or even the global economy. […]
by Bottrell WealthThe latest buzzword is “innovation”, but you don’t have to be young to be innovative – ask any ‘senior entrepreneur’! Reaching the seventh decade is an achievement that is nothing like it was for previous generations. Improved medical technology, and a better understanding of staying fit and healthy for longer is making a positive impact […]
by Bottrell WealthIt’s an old saying but it will be forever true – “the only constant in life is change”. Whether it’s due to economic downturns, new technology or extreme weather disasters; no business, job or career will ever stay the same. And it’s impossible to know what might happen in the coming months or years in […]
by Bottrell WealthWhen relationships break down, child maintenance payments are often made from post-tax money. If this is a position you are facing, perhaps you might be interested in learning about a Child Maintenance Trust. According to the National Centre for Social and Economic Modelling (NATSEM), the cost of raising two children is estimated at $812,000. For […]