savings

In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% on March 19. It comes after Australia's biggest bank, the Commonwealth Bank ... More

Dear Paul, My 19-year-old daughter is living at home and studying at university. Over the past few years she has managed to save around $30,000. With term deposits being so low (around 1.85%), should I put her money against my mortgage and pay her just ... More

Most of us can agree that a healthy relationship is co-operative and transparent. Yet when it comes to joint finances, many relationships are anything but. In fact, research by the Financial Planning Association (FPA) has found that more than 46% of ... More

Q. First, we absolutely love Money magazine and all the great advice it provides for less than the price of a coffee per week. My wife and I are 41 and we're doing okay financially. We have no credit card debt, almost $400,000 in super between us ... More

Q. I am 71 and have $100,000 in a term deposit. With interest rates so low I need to find an alternative to this. Is there anything you can suggest? - Margaret The problem here, Margaret, is risk. $100,000 is a lot of money and I do understand that ... More

My husband and I (in our early 30s) have recently moved from the NSW central west to the mid north coast after deciding that we did not want to purchase a house and commit to living in Dubbo for the long term. We currently have $50,000 in the bank ... More

If you had told me just two years ago that by the end of 2018 I would be debt-free (aside from HECS), or that I would go on to save $22,000 in a year, I would say that you had the wrong person. Until mid-2017, I had been in denial about my financial ... More

Hi Paul, I'm after a suggestion on where to invest my savings. I'm 36 with an income of $139,000 plus super; have $84,000 and $US30,000 ($44,000) in savings; am not married and have no kids. I have no private health insurance and no insurances ... More

Q. I'm 32 and my wife Annabel is 28. We have recently sold our first home due to my moving for work. We plan to rent in our new location and we will have around $150,000 cash in savings. I currently have a Vanguard fund with around $10,000 invested ... More

It's official - Gen Y can no longer be referred to as the smashed avocado generation. The title had previously been anointed by baby boomers apparently fed up with the carefree spending habits of their kids. But, according to new research by Suncorp ... More