Money Made Simple Blog

To Capital Protect or Not? learnaboutmoney moneybasics savemoney Jul 01, 2022

Capital protection (usually in a managed fund) is something I first heard about a few years ago.  I always thought that the only capital protected accounts were in the bank, where the Government guaranteed up to $250,000.

However, there are companies that offer capital protected products that...

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Health Insurance - What Do You Actually Need healthinsurance learnaboutmoney moneybasics Jun 29, 2022

Compared to many other Developed Countries we have a pretty good public health system, yet it's still advisable to have some private health insurance - particularly if you need anything medical that is classified as "non-essential".

I've had private health insurance for about 20 years, and the...

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Should You Even Have a Financial Plan? financialliteracy financialplanning learnaboutmoney Jun 27, 2022

The concept of what is a Financial Plan is something I began to re-evaluate a few years ago, as life has a way of not going to plan – either because things don’t work out the way you anticipated, or because something better comes along that you couldn’t anticipate.

Life has given...

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How to Teach Your Kids About Money kids and money learnaboutmoney moneybasics Jun 25, 2022

Even though my daughter is only 6 years old, I’ve already started her money education journey.  It’s something I’ve been conscious of since she was about 2, starting with how my husband and I talk about money, spend money and portray the value or concept of money to her....

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Save & Reduce Household Waste moneybasics savemoney Jun 23, 2022

Saving money, helping the environment, and making your life simpler - it's like reaching the trifecta! About a year ago I started to look at ways to reduce the waste, expense and effort surrounding cleaning and cooking.

Like many people, I never enjoyed cleaning and only enjoyed cooking when I...

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Just Like Riding a Bike financialliteracy moneybasics Jun 21, 2022

Can you relate to the saying “it’s just like riding a bike”?

It’s something I heard a lot growing up, but never understood. The idea of muscle memory enabling me to just do something I’d learned years earlier without really thinking about it, wasn’t relatable...

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Imagine a Peaceful Money Life getgoodwithmoney moneybasics Jun 19, 2022

In the movie “Miss Congeniality” (stay with me, there is a point), there is a scene where each of the beauty pageant entrants are asked what they want most, and nearly all say “World Peace”.  
While wanting everywhere in the World to be peaceful is a lovely idea,...

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Rising Interest Rates versus Overall Inflation financialliteracy learnaboutmoney moneybasics Jun 17, 2022

There’s been a lot of talk lately about rising interest rates and there’s a lot of concern around what that’s going to mean for the family budget.

What the Reserve Bank is trying to do is curb inflation and pull back the rising cost of goods and housing.

With inflation officially...

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Take Charge of Your Investments building wealth investing learnaboutmoney Jun 15, 2022

In my last post I talked about how I was overhauling my finances and ditching a Financial Advisor who was happy to take my regular commissions, and provide no value in return.

Here are some important considerations to help you take control of your investments:

Step 1: Risk Profile

There are a...

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Take Charge of Your Finances financialliteracy getgoodwithmoney learnaboutmoney Jun 13, 2022

Many years ago I went to see a Financial Advisor to get my “money sorted”.  I have to admit to being pretty naïve, and I bought the sales pitch hook, line and sinker.  I have since been on a research and clean up exercise and what a journey!

I found that I was paying...

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How Money Resilient Are You? financialliteracy moneybasics Jun 11, 2022

We live in an age of buzz words, and one that I'm hearing a lot at the moment is about being "resilient". No matter what one's age or stage in life, resilience seems to play a part.

When my daughter was 18 months old, I read quite a bit about toddler development and "conscious parenting" and...

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A Money Apple a Day... building wealth financialliteracy moneybasics Jun 09, 2022

An apple a day keeps the dentist away - isn't that how the saying goes?

I remember hearing this a lot as a kid. Not that my parents made me actually eat an apple every day, but the metaphor was clear - do something small each day (like brushing your teeth), and you won't have problems with your...

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