SOARING INFLATION IS hitting us all in different ways. Whether you’re young and renting, have a mortgage and children to provide for, or are trying to live out your retirement stress-free, you’re no doubt feeling the pinch. Rents have risen 27.8% over the past 12 months in our capitals, according to SQM Research, while Sally Tindall, research director at RateCity says the latest Reserve Bank rate rise “means Australians can largely kiss goodbye to mortgage rates starting with a 4.” Retail sales volumes fell in the December quarter of 2022 too, signalling Australians are tightening their purse strings. But it’s not all doom and gloom. In our April cover story, we look at ways to counter inflationary pressures. There are savings to be found in buying more fresh food and less processed food – which has seen an 11.1% price hike in the past year.
Other saving tips include booking holidays early, partaking in the circular economy and using fuel apps to nab the best petrol prices. Susan Hely details how those in FIRE (financially independent, retire early) communities live. These guys are the gurus of cost-cutting, she says, and advocate a frugal lifestyle, paying down debt quickly and choosing to cook and walk over dining out and driving.
Costs are one thing but investing to beat inflation is another. We ask the experts which investments to consider while rates are around 6 to 7% and when things taper down (When the pain is expected to ease, page 42).
هذه القصة مأخوذة من طبعة April 2023 من Money Magazine Australia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 2023 من Money Magazine Australia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.
