Blog
Welcome to our Personal Finance Blog
Money bewilders most of us. How to spend it, save it, invest it, and how to best protect the person who makes it.
These questions we all face daily — a puzzle we all attempt to understand and solve just about every day. Yet despite money's centrality to our lives and businesses, it's something we all grapple with, and mostly in private.
- Money is the 'Lord Voldemort' of topics; feared by most and mentioned by a few. It's oddly uncomfortable to discuss socially and rarely even with our partners, parents, and children.
Perhaps that's because managing our money and life's risks inevitably involves the fusion of both the emotional and practical aspects of our decision-making processes. The most difficult of questions are those with both economic and emotional answers.
Our educational Personal Finance Blog is for people who want to grow and remain wealthy. And while the journey toward wealth is clearly marked, you still have to be looking in the right direction.
At Sapience, we're all about The How.
Get to know your New Credit Card laws
New laws about credit card debts will be phased in from January 2019 and will have a long-lasting impact on your ability to refinance a loan, or even just apply for a mortgage.
There's a new problem in your pocket.
Get to know your New Credit Score
New Comprehensive Credit Reporting (CCR) has arrived (and it’s collecting a lot of new information about you and your financial behaviour).
A personal note from Drew Browne, Founder of Sapience Financial.
Well, this is embarrassing
Let's talk about the elephant in the room — the soon to be released Banking Royal Commission report.
Frankly, I'm embarrassed by much of the reported behaviours of big financial services.
Life Insurance and Super each have one thing in common...
If you don't legally decide today, who you want to get your money tomorrow, someone else will make that decision for you - and you might not like the result.
Simply put, you can nominate in writing who you want to receive any future payout with a Beneficiary Nomination or Binding Death Nomination (depending upon what you choose).
It's no surprise many of our habits come from what we've seen our parents do, while we were growing up - and unless we decide otherwise, we'll probably pass them on to our children too.
Do you need to stop and think about that a little more?
Making good decisions and understanding why we often avoid making them is an essential part of everyone's financial life.
But how do you recognise when an old attitude towards money is no longer working for you and might need to change?
It's actually way harder than you'd think - and there's a good reason why.
12 Days of Christmas and the occasional New Year's Resolution
- Bah humbug!
Did you know the 12 Days of Christmas tradition, actually doesn’t start before Christmas Day (regardless of what the retailers would like us to believe) but actually begins post-Christmas?
- If you expect to retire, you need to upgrade your financial literacy now
- Stay at home parents and a glitch in TPD insurance
- Make a contribution to your spouses super fund and claim a tax credit yourself
- Your Mortgage or your Super - which one should get your money first?
- The hidden victims of our road toll
- A Modern Day Cinderella Story
- Who is your super beneficiary?
