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.
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?
So why do we need to be continually upgrading our financial literacy?
Because there are increasing numbers of financial decisions needing to be made throughout our retirement, we all need to get used to making better financial decisions now.
The arrival of a new child, either by birth, adoption or some other happy moment brings life-changing times to someone's life.
Baby proofing a home can feel like a never-ending job constantly scanning the horizon looking for risks to manage.
From putting soft pads on hard corners of tables, using soft door guards to keep little fingers from getting caught and moving everything below waist height that's bright, shiny and reachable.
When can you make a contribution to your spouses super fund and claim a tax credit yourself?
If your spouse (wife, husband, de facto or same-sex partner) is a stay at home parent, is a low-income earner, or not working at the moment, chances are they’re not increasing their super and might have little or no super to fund their retirement.
The good news is if you want to help you can put money into their super, and you might be eligible for a personal tax offset while helping to create a better future.
- 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?
- What happens if you unconsciously equate money with Status?
- What happens if you unconsciously idolise money?
- What happens if you unconsciously Avoid money?
