📊 With EOFY (already!) around the corner, Aussies are feeling the squeeze of rising expenses. BT's Technical Services team are well-versed on the key questions that arise at this time of the year and handle an impressive 8,000+ queries from financial advisors, yearly. The best part? We have distilled the data and summarised it💡into 5 practical EOFY money tips. From boosting savings to understanding tax changes, there’s something here for everyone, including parents, high-earners, retirees and self-managed superfund holders. #EOFY #FinancialTips #BTInsights Full story: https://lnkd.in/geHqzxXp
Westpac’s Post
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📊 With EOFY (already!) around the corner, Aussies are feeling the squeeze of rising expenses. BT's Technical Services team are well-versed on the key questions that arise at this time of the year and handle an impressive 8,000+ queries from financial advisors, yearly. The best part? We have distilled the data and summarised it💡into 5 practical EOFY money tips. From boosting savings to understanding tax changes, there’s something here for everyone, including parents, high-earners, retirees and self-managed superfund holders. Full story: https://lnkd.in/geHqzxXp
Back to basics budgeting in focus this EOFY
westpac.com.au
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For immigrants starting their financial journey, here are some age-old tips to help on your journey: 🪙 Pay yourself first: Prioritize saving and investing a portion of your income before spending. ⌙ Contribute to RRSPs at work if you find it hard to save. ⌙ Use preauthorized deposits into savings/investing accounts. 🪙 Opt for annual payments: For insurance premiums and subscriptions, paying annually instead of monthly can save up to $150 in admin fees embedded in monthly payments. 🪙 Plan your bonus money: Bonuses are the prime example of 🎵"Money quick to enter, money quick to go - where money dey go, I no know" 🎵(Lyrics from Fast Money by MI) ⌙ Plan for your bonus before receiving it. ⌙ Use bonuses to invest in assets or experiences your future self will appreciate. 🪙 Maximize annual contributions: Aim to fully fund registered accounts like TFSA and RESP annually to leverage time and compounding growth. 🪙 Work with professionals: Engage financial planners, investment advisors, and accountants. ⌙ Review your finances at least twice a year for a holistic picture of your financial goals and progress. Don't go at it alone. Leverage your community. What other tips would you add to the list? #financialliteracy #wealthmanagement #wealthyimmigrant
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As the year draws to a close, you might be starting to think about your New Year's resolution! How about building good money habits for 2024? See our latest article to find out more: https://bit.ly/3NsiEiB #2024 #newyearsresolution #moneymatters
Building good money habits in 2024
marshallwealthmanagement.co.uk
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According to Datalign Advisory, in order to make ends meet to afford basic living expenses, the first things you should do are: 📊 Make a budget and stick to it 💰 Look at small expenses that add up (But don't ditch the occasional $7 coffee treat) 🤝 Get expert help from a #FinancialAdvisor (Hint: It's more accessible than you think) Read more in GOBankingRates.
Financial Experts: 9 Keys to Affording Basic Living Expenses
gobankingrates.com
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Aspiring Finance Professional | Data Analysis | Financial Reporting | Corporate Finance | Accounting Support | Seeking Back Office/Corporate Opportunities
Hook: 💰💡 Did you know? Finance industry secrets and mind-blowing hacks that will make you rethink your money game! 💰💡 Are you ready to level up your financial knowledge? 📚💼 In today's dynamic world, understanding the ins and outs of the finance industry is essential for everyone, from savvy investors to everyday individuals who want to make smart money moves. 💪 Let's dive into some eye-opening facts and powerful hacks that will not only inform but empower you to take your financial game to new heights! 🚀✨ 1️⃣ Fact: Did you know that by investing just 10% of your income consistently, you could potentially retire with a comfortable nest egg? 💸 But don't worry if you haven't started yet – it's never too late to begin your journey towards financial freedom. 2️⃣ Hack: Ever wondered how to save more without feeling the pinch? Try the 50/30/20 budgeting rule! 💼 Allocate 50% of your income to essentials like housing and bills, 30% to discretionary spending (hello, retail therapy!), and save the remaining 20% for your financial goals. It's a game-changer! 3️⃣ Fact: Did you know that compound interest is the eighth wonder of the world? 💫 By investing early and letting your money grow over time, you can unlock the magic of compounding and watch your wealth multiply exponentially. 4️⃣ Hack: Looking to cut down on expenses? Take advantage of cashback rewards and loyalty programs! 🛍️ From credit cards that offer cashback on everyday purchases to exclusive discounts from your favorite brands, saving money has never been easier. 5️⃣ Fact: The finance industry is constantly evolving, and staying up-to-date is key. 📈 By keeping tabs on market trends, understanding investment options, and seeking professional advice, you can make informed decisions that align with your financial goals. 6️⃣ Hack: Take advantage of the power of automation! Set up automatic transfers to your savings and investment accounts, ensuring that you never miss a contribution and effortlessly build your wealth over time. 📈💰 Remember, knowledge is power, and when it comes to your finances, staying informed and implementing smart strategies can make all the difference. 💡💪 So, are you ready to take charge of your financial future? Drop a comment below to share your favorite finance industry fact or hack! Let's learn and grow together. 🌟✨ #FinanceFacts #MoneyHacks #FinancialFreedom #SmartInvesting #Empowerment #KnowledgeIsPower
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Investment Advisor Associate at Rockmoor Wealth Management. Specializing in working with Business Owners, Physicians, Lawyers, Realtors, Accountants, Professionals, and Retirees.
📅 Get ready for a financially savvy 2024! Our essential financial calendar covers everything from tax deadlines to benefit dates. Don't miss out! #Finance2024 #MoneyMatters ➡️
2024 Financial Calendar
https://rockmoorwealth.com
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Are you financially literate? Financial literacy defines our ability to manage money through saving, budgeting and other skills. When done right, it sets us up for a successful future and readies us for uncertainty. It also helps protect your people’s holistic well-being. BETI is the best benefit an employer can provide to their employees b/c it inherently teaches them financial literacy!
Blog post >> Visit the Paycom blog to learn more
paycom.com
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📅 Get ready for a financially savvy 2024! Our essential financial calendar covers everything from tax deadlines to benefit dates. Don't miss out! #Finance2024 #MoneyMatters ➡️
2024 Financial Calendar
https://rockmoorwealth.com
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CEO & Founding Partner at Rockmoor Wealth Management & the 3 Planning Group. Specializing in working with Business Owners, Professionals, Physicians and Retirees.
📅 Get ready for a financially savvy 2024! Our essential financial calendar covers everything from tax deadlines to benefit dates. Don't miss out! #Finance2024 #MoneyMatters ➡️
2024 Financial Calendar
https://rockmoorwealth.com
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MBA{Finance} ||SIOM'2025|| Financial Analyst | Banking| Credit Analyst Member of the SIOM Placement Committee
Title: Understanding Finance in Your Daily Life: A Guide to Financial Literacy Body: Finance is not just about big corporations and Wall Street; it plays a crucial role in our day-to-day lives, influencing our decisions and shaping our future. Here’s a breakdown of how finance works in our everyday routines: 1. **Budgeting**: Whether you're managing household expenses or planning a vacation, budgeting is key. Understanding your income, expenses, and saving goals helps you allocate resources effectively. 2. **Banking**: From depositing paychecks to paying bills online, banking services are integral to managing finances. Understanding interest rates, fees, and account types can help you make informed decisions about where to keep your money. 3. **Investing**: Investing isn't just for the wealthy. Even small investments in stocks, bonds, or retirement accounts can grow over time. Learning about risk and return can help you make smart investment choices. 4. **Credit**: Your credit score impacts your ability to borrow money, rent an apartment, or even get a job. Understanding how credit works, managing debt responsibly, and monitoring your credit report are essential for financial health. 5. **Taxes**: Taxes are a part of life, but understanding how they work can help you minimize your tax burden and take advantage of deductions and credits. 6. **Insurance**: Whether it's health insurance, car insurance, or homeowner's insurance, understanding your coverage and premiums can protect you from financial setbacks in the event of unexpected events. 7. **Financial Goals**: Setting short-term and long-term financial goals can help you stay motivated and focused on building wealth and achieving financial freedom. By improving financial literacy and understanding how finance works in our day-to-day lives, we can make better decisions, reduce stress, and build a more secure future. #FinancialLiteracy #PersonalFinance #MoneyManagement #Budgeting #Investing #Banking #Insurance #TaxManagement
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