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.
At Sapience, we're all about The How.
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.
Who hasn't felt ambushed by a question without notice for a child?
Kids ask questions - that's their job
Given the sheer abundance of our modern lives, it's not surprising we end up with so many complicated feelings and concerns about 'things and stuff'.
When you're an adult raising kids-to-be-adults, we're going to face unexpected and honest questions.
Some are expected and others totally catch us unprepared.
And just because you may not have your own kids, remember we’re all role-models for somebody.
Adaptability: the underrated skill for living a bigger financial life
Reflecting on surviving COVID-19 so far
It's August 2021 in Australia and we’re in the middle of learning to live in a global COVID-19 pandemic.
How are you doing today?
'Live Long & Prosper' in the land down under
The Vulcan salutation, ‘Live Long and Prosper’ was first made famous by Star Trek's Commander Spock (played by actor Leonard Nimoy).
The phrase owes its now worldwide familiarity to the fact that it does indeed reflect the hopes and dreams of all people - to live long and prosper.
Now regardless of whether you subscribe to the Star Trek universe or the Star Wars franchise view of the world (or neither - *gasp*) the good news is for the most part Australians are becoming healthier and actually living longer – 12 years longer than the global average, to be precise.
The Australian mortgage market today has a range of bank and non-bank mortgage providers all competing for your mortgage business.
While this level of competition can result in competitive interest rates, there’s still a misconception about whether a non-bank is as safe as a bank when it comes to your mortgage.
So it makes sense to understand the basics of how a mortgage contract works, how a bank and a non-bank mortgage provider make money from a mortgage contract and what happens if your mortgage provider goes bankrupt.
Are you considering asking a family member to become your Guarantor for a mortgage?
Here are some things you need to know and do- first
- One of the questions about home loans and mortgages we're regularly asked by older clients is, ‘Can a parent go Guarantor to a Mortgage to help one of their adult children?’
- Their adult children usually ask a variation on the same question, ‘When can a parent go guarantor to a Mortgage loan?'
- The real question people want to ask is 'Should you ever become a Guarantor to a Mortgage?'
Getting your Life Insurance policy and Income Protection policy can sometimes take longer than people might expect and the main reason why is simple.
Once you have this type of policy, it can’t be taken away from you or cancelled by the insurance company, regardless of any future changes to your health or occupation.
The life insurance Underwriter has to get it right the first time because they don't get a second chance to fix a problem they may have originally overlooked.
- Smart strategies for your Super this EOFY 2021
- Teaching your kids to save is child's play
- The beginner's guide to actually setting financial goals
- Living happily ever after in a rented house, maybe
- Three high-stakes risks of being a Sole Trader
- The beginner's guide to thinking about setting financial goals
- How to restart your financial life during a COVID pandemic
