Organising Finances

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I have been at work all day so nothing much to report on the home front.

However, we are currently working on a long-term financial plan as opposed to the day-to-day budget.  There is so much to consider – transition to retirement, salary sacrifice, superannuation options and so on.  We have sought professional guidance but the final decision is ours and we have to be comfortable that we have a workable and sustainable plan.

Retirement

Do you have a retirement strategy?  Or are you already retired from the workforce?

Crunching Numbers

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My apologies for the lack of posts.  I have been busy at work this week and we had an appointment on Tuesday evening to complete our tax returns. We will both receive a modest refund which will be paid into the mortgage.

We have also been looking carefully at the balance of our superannuation funds and weighing up the best options for our current income.  Pay down debt or build up superannuation?  It is a balancing act and one that you need to review regularly and give consideration to your own circumstances.

There are various calculators available online that you can use to test different scenarios.

How do you make decisions about your financial future?  Do you have a financial advisor?

A New Year (Financial)

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30th June 2013 coincided very neatly with the end of the weekend so a new week, new financial year and a clean slate.  Time to take a fresh look at the finances and goals – tax, superannuation, savings, mortgage payments and other debts.

Even though we constantly track what is happening with our money, it is good to take some time and look at the big picture.  Where are we now and where do we want to be in the future?

By the way, July 1st is also the first anniversary of the introduction of the carbon tax in Australia.  This says it all.

And the world is still spinning on its axis.