Paul Benson is a Certified Financial Planner, and host of the Financial Autonomy podcast.
Think first about what your objectives are when parking extra funds.
Owning your home certainly provides greater peace of mind.
We all face the problem of “you don’t know what you don’t know”.
There are a few things to consider before splashing cash on repainting and re-carpeting before selling.
It is difficult to be financially secure and independent as a single person. But entering a relationship with an expectation of financial dependency isn’t healthy.
As a general rule of thumb, anyone with a defined benefit super fund would normally hang onto it for dear life. But sometimes the returns can be underwhelming.
Receiving such a significant sum can seem paralysing, but there are some simple things you should spend on first.
A potentially contested estate can throw up all sorts of problems, none of them with a simple solution.
Using inheritance to boost your super can be a great move, but be careful you don’t exceed your yearly caps.
There’s a lot to be said for being mortgage-free, but keeping your loan available can also be an attractive option.