A roadmap before investment journey

There are now more automated investment providers on the market than ever, targeting the 80% of Australians who are not seeking advices from financial planners. Whilst a good tool to have for first time investors, most of these ‘robo-advisors’ tend t

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Gen Y housing affordability concerns can be ignored for only so long

Late last week the Turnbull Government-dominated Parliamentary Economics Committee released its report on housing affordability. Rather than reforming negative gearing or other demand side drivers, the Report suggests the housing affordability proble

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2016 Financial Fitness Report

Personal finance issues are the leading cause of stress in Australia, and financial wellbeing is recognised as an integral part of overall wellbeing. Yet, to date, very little research has been done in Australia to measure the state of our financial

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What’s the new story with super?

Its been said there are two certainties in life: death and taxes. The government's federal budget introduces a third: changes to super

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Time for a rich list reality check

The web is full of blogs and articles telling you how to get rich through the stock market. Investor strategies, new apps to invest your spare change, online investment platforms...

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Financial advice needs a client-first crusader

Currently, the [financial planning] industry is over-servicing the fortunate 20% while almost completely neglecting the 80%. Wealthy people get wealthier while the average Joe doesn’t have access to the advice and tools needed to advance

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Why there's nothing smart about a payday loan

Exactly a year ago, the ABC’s 4 Corners revealed the dangers of payday loans in a no holds barred exposé – and ASIC has now caught up up on the increasing popularity of short-term (or ‘payday’) loans.

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Does 5 years interest free sound too good to be true? It is...

We have all seen the interest-free offers advertised, with ’payments suited to your lifestyle’ which allow you to ‘enjoy the convenience’ and ‘buy today with the freedom and flexibility to pay it off over time’.

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What's your ONE BIG GOAL for 2016?

The start of a new year encourages many of us to reflect on our current situations. Relationships, careers, finances – it’s a great time to evaluate the year that’s passed and identify some clear objectives for the year ahead.

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Do you deserve a pay rise in 2016? Here’s how to ask...

So you think you deserve a pay rise in 2016? Now all you need to do is ask for it. For most of us, that's easier said than done. Here are some tips to make that awkward conversation go a little smoother:

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Five tips to avoid a breakdown on your financial journey

Almost half of Australia’s workforce is worried about their current financial situation. To help you get back to work, we’ve put this list of tips together to start you on your journey.

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Need to manage your money? There’s an app for that

With over 1.6 million apps available for download, there literally is an app for just about everything, including money management apps.

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Clueless and ripped off: young Aussies’ financial literacy problem

Now there’s confirmation the younger section of the generation (those 24 and under) are often ripping themselves off, because they’re seriously undereducated when it comes to financial products.

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Are adult kids living at home affecting your financial fitness?

Generation Y is more likely to be living at home with their parents than any other previous generation at the same age. Almost a third of people aged 18‐34 live in the parental home – a figure up from one in five in the 1970s.

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The personal side of job (in)security

For a growing number of Australians, work is characterised by instability. In recent decades, we’ve seen unprecedented growth in the number of poor quality jobs offering workers little control over their working lives and poor financial security

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Is your biggest asset insured - article in Canstar

In a guest post published yesterday by Canstar, Paul Feeney sheds light on the fact that three quarters don't have income protection insurance, and how that affects our financial fitness as a country, not to mention risking our families' quality of l

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Scrooge or spendthrift? Six tips to find some Christmas balance

The sun is out, excitement is in the air, everyone has time off work. It’s easy to throw caution to the wind and get swept up in it all – but that could leave you with a serious debt hangover come the new year.

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Survival of the (financially) fittest: men vs women

With a financial fitness index of 114, Australians are pretty average when it comes to managing our money. Break that score down by gender and an interesting story emerges: women, on the whole, are less financially fit

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First home buyer hacks: new ways to get on the property ladder

Knowing a first home buyer (on an average salary) could take over a decade to save for a 20% deposit on a median-priced house in Sydney is disheartening. If you are feeling a little overwhelmed at the prospect of renting for life, don’t despair...

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First steps in a new approach to financial advice - Andrew Main, The Australian

While we’ve seen a lot of commentary around robo-advice and changes in the way financial advice is provided, the industry remains geared towards selling products and to only providing advice to the small percentage of those who can afford it.

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What's worrying Australian workers?

Almost half of Australia’s workforce is worried about their current financial situation, and one-third say finances are a major source of stress in their life.

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Why our money worries are costing business

One in four employees is spending at least three hours a week thinking about their personal financial situation while they’re at work, and 40 per cent are spending between at least two hours on it.

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Marathon runner or couch potato: how financially fit are you?

When it comes to managing your money, are you a head-on go-getter, always looking for new ways to make it work for you? Or do you shove the whole topic under the rug, stick your fingers in your ears and sing loudly, trying not to think about it?

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If you're considering buying off the plan, you're going to want to avoid these pitfalls...

In a booming market you have the potential to realise a tidy profit and take advantage of the tax depreciation benefits. But before you get too excited be aware of the potential pitfalls before you sign a contract and pay up.

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Top 5 mistakes first home buyers make

Graduating, getting your first ‘proper’ job, starting a family, buying your first home - all exciting milestones, but how prepared are we for them? In the case of buying your first home, there is a lot to take in - so you need to be up to speed

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First home buyer hacks: new ways to get on the property ladder

Let’s face it, it isn't getting any easier getting on the property ladder. Thanks to bargain basement interest rates, a steady influx of eager overseas investors and insatiable local demand, everyone wants a piece of the pie.

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The magic of a mortgage offset account

If I said there was a way of paying less interest and reducing the length of your home loan how would you react? I am presuming just about everyone is screaming, ‘Yes please!’ Let’s face it, when you have a mortgage you need all the help you can get

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Be smart with your mortgage - use an offset account and a redraw facility

​Around 69% of all home loans in Australia have a redraw facility, while 40% have an offset account. Some have both. So who’s acting in their own best interests? Before we answer that question and offend you, let’s put them under the microscope.

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Ready to retire below the poverty line?

​Did you know Australia has one of the highest rates in the developed world of over-65s living below the poverty line?

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Why your adviser doesn’t want you to pay off your home loan quickly

​You probably go to a financial planner hoping to get advice on your financial future, and assume the person across the table has your best interests at heart. But do they?

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Why do I need travel insurance?

If there’s one thing we believe in at Map My Plan, it’s making sure you have adequate insurance in place to protect yourself from financial ruin.

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Getting the most out of your credit card

You might think we’re anti-credit cards at Map My Plan. And for the most part, I suppose we are. However, when used correctly, credit cards can be useful for more than just spending money you don't have.

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Does financial security = happiness?

​Stressing over finances, such as paying school fees or saving for retirement, can actually lead you to become less satisfied with life.

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Change your spending habits and reap the rewards

​Little changes can make a big difference. Whether that’s getting off the bus a couple of stops earlier to get a bit more exercise or making your coffee at home rather than buying a $4 latte – it all adds up over time.

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Is renting a good idea?

​In finance circles, renting is often talked about as being wasted money. The money you pay each week goes towards building equity and wealth for someone else.

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Should you have confidence? How the Budget affects your retirement plans

In the 2015/2016 Federal Budget, Treasurer Joe Hockey assured Australians that they could ‘have confidence in their retirement plans.’

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Why you should plan for your death

​The facts of life say we’re all going to die one day. It’s probably not something you like to think about, but you can make your passing much easier on your loved ones.

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How to get on the property ladder

​We’ve all heard it. Housing prices are skyrocketing – especially in the Sydney and Melbourne where media talk about ‘a house price bubble’ – people are being priced out of central suburbs, and if the younger generations ever want to buy a house?

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What’s the deal with flood cover?

Just a few centimetres of water can ruin carpets and furniture, damage your kitchen and electrical wiring, and cause structural damage to the building. And the cost of repairs is steep, with floods costing Australians about $550 million each year.

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The dangers of payday loans: exposed!

​For a lot of people, an unexpected expense means getting out the credit card and steadily paying back the funds over the next few months. But there are 10 million Aussies who don’t have access to a credit card.

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