debt Tag

What to do with a financial windfall orange wealth
Don’t blow it… What to do with a financial windfall

Okay, picture this. You’ve just come into a significant amount of money. Could be a sizeable redundancy package, an inheritance, a bumper tax return, or you may have just won Saturday’s Powerball. I’ll leave that to your imagination.Now, what would you do with it? Use your windfall to treat yourself and blow it on something you don’t necessarily need or would you see it as an opportunity...

implications of not having enough in retirement orange wealth
The implications of not having enough in retirement

How many people have you heard talk about travelling the world in retirement? And how many people past retirement age do you know who are still working part-time? Or forced to reach out to family and friends for help?Depending on whether you’ve already started to get the jump on retirement, not saving enough for your post-working-life dream can have dire consequences. When you break it down, ‘retirement’ effectively...

How to use debt orange wealth
How to use debt | Why it’s not all bad

Debt. It’s an often misunderstood term. For your average Australian, it’s typically perceived as a dirty word, conjuring up a degree of anxiety in the process.When it comes to the D-word, Australia is one of the most leveraged countries in the world. With average household debt sitting at around 189 per cent of annual household income, it’s a bit of a worry. A lot of that has been spurred...

Why you need an emergency fund orange wealth
Why you need an emergency fund

In life, rainy days are bound to happen. Unexpected bills, mechanical dramas with the car – you name it – they’re inevitable. Often, they can feel like a bit of a financial sucker punch.If you haven’t got one, consider setting up an emergency fund. Make sure it’s separate to your primary savings. It should solely be for unplanned expenses, not planned ones. Car rego, for example, wouldn’t fall into the...

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