Living in the time of coronavirus is like nothing we’ve known before. Although the lessons we’re learning during this time are ones we’ve heard many times before.
For instance, we’ve experienced first-hand why it’s important to set up that rainy day fund and have three months of expenses set aside. We’ve discovered why it’s a good idea to use the three-bucket method of investing: short term, medium-term and long term. If we’d had money in each, our long-term investments might have remained untouched in these tougher times.
Reuse, recycle, and conserve – three more wise lessons. Not only do they make good financial sense, they also benefit the planet and our future.
In homes everywhere, wardrobes, bookshelves, and cupboards have been decluttered, with hopefully more than a few unwanted items sold online. Even our gardens have drawn renewed interest, with many of us finding ourselves elbow-deep in soil, planting leafy greens, and other edibles.
It’s not unlike post-war society, when our parents and grandparents had to learn the hard way to make better use of what was available to them.
この記事は Money Magazine Australia の June 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Money Magazine Australia の June 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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.