savings

Starting a family, or planning to start a family, can be a joyous and exciting time. But make no mistake, it can also be a challenging time and an emotional rollercoaster. To help smooth the journey it is important to get on top of your day-to-day finances ... More

Savings and term deposit account holders have missed out on about $1.6 billion dollars over the last half year as banks slowly lower rates. The research by comparison site Mozo.com.au observed 257 rate cuts to bank accounts, 635 rate cuts to savings ... More

I'm 28 and my partner is 27. We have a one-year-old child. I work full time and my partner part time. Our combined income is about $180,000pa; the mortgage on our house is $320,000 with $100,000 of savings in an offset account. I have $130,000 in ... More

Dear Paul, I am a single income earner, aged 36, and am on $120,000pa with some perks such as a company house and matched share options in the mining industry. I am currently on the highest level of share purchase at $570 a month and salary sacrifice ... More

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