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Modelling the impact of our financial decisions (with very little effort)

Numbers don’t come to me as naturally as words do and this partly explains why I jumped on the personal finance bandwagon a bit later into my twenties. Luckily, many of the basic and sound personal finance concepts can be powerfully communicated using various online calculators.

Here are a few examples using the calculators from the MoneySmart website. (more…)

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A Break Down of the Insurance Coverage in my Twenties

lady_with_umbrella

I was looking at my budget and realised that after the mortgage payments and utility bills, insurance premiums were my next largest expense. I thought it would be a useful exercise to consolidate the various policies and tally up the premiums to put things into perspective and to show what my breakdown of insurance coverage looks like in my twenties. (more…)

Are you an ‘average young Australian’ when it comes to personal finance?

Piggy Bank

Although I don’t believe in ‘keeping up with the Jones”, now and then I do like to compare how I am tracking financially to the average Australian, whether it is salary wise, savings or spending. It helps to give me perspective and motivation and is an interesting benchmarking exercise. So here are some average balances I have compiled, to help Gen Y Australians see how they’re tracking. I’ve compiled the balances from several sources, since they all differ due to the underlying assumptions, inclusions or exclusions in the data.  The numbers I have included cover averages Australia wide, in addition to breakdowns by age.  (more…)

A 20-something’s thoughts on trauma insurance

As the regular readers of my blog will know, I’m about to turn 27 soon which means that I have been mentally preparing to turn 30 for the last 6 months. Part of this mental preparation involves ensuring that I get my financial house in order. My early twenties were about getting rid of consumer debt, developing basic financial habits such as budgeting and salary sacrificing into my superannuation to make the most of compound interest. My partner and I also bought an apartment last year and since then I have been trying to build up 3 months worth of savings again. I haven’t quite yet gotten on the investing bandwagon outside of superannuation, but I can’t get trauma insurance out of my mind. I know, it’s a weird thing for someone in their twenties to say. I also would like to start this blog by stating that I do not work for an insurer and this is not a sponsored post, I’m just a twenty-something who happens to be passionate about trauma insurance (this is concerning even to me).  (more…)

The MBA halfway slump – working with apathetic syndicate members

I started the MBA in April 2014 and completion of this current term brings me exactly to the halfway point. I have come to notice an interesting phenomenon, which for lack of a better diagnosis, I will deem the ‘halfway slump’. It probably hasn’t affected everybody, but there are an overwhelming number of fellow students I’ve spoken to who are experiencing burn out and a lack of motivation towards the MBA. I suspect there are a few factors at play: (more…)

Resigning gracefully: 15 Dos and Don’ts for serving out your notice period

Life-is-a-balance-of-holding-and-letting-goIt’s a small world and with the widespread use of websites such as LinkedIn, it’s getting much smaller. It is therefore not advisable to drop the ball in terms of your behaviour as soon as you resign from a role, no matter what you think of your employer.

These are my tips on resigning gracefully and ensuring that your final weeks with your employer help, rather than hinder your career.

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I’m back (and I survived my first term!)

10445092_9003348_lzIt has been a long 10 weeks.

Thank you for sticking around, and thanks to the new visitors, I have been checking in and your visits have inspired me to push on with blogging.

Not only have I started and finished the first term of my MBA, I have FINALLY transitioned over permanently to my new role at work and the pace just keeps quickening! I hope to be posting more frequently, although I am currently enjoying the one week break between terms, so it could be my wishful thinking. Although these past 10 weeks have been quite the challenge, I love a good challenge and it has given me lots of material to write about.  But first, a quick reflection post, neatly sectioned in to the three priority aspects of my life, because I’m a little OCD like that.

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