Your personal insurance needs Determining your personal insurance needs and obtaining appropriate insurance cover is the first step to protecting your family and assets in the event you suffer an illness, injury or unexpected death. The thought of losing your home or not being able to pay for food and living expenses if something was […] The post How To Work Out Your Personal Insurance Needs appeared first on The Financial Wellness Blog ..read more

Income Protection Insurance Income protection insurance cover will pay you replacement income in the event you are totally or partially disabled.  This can provide a monthly benefit of up to 90% in the first 6 months and 70% thereafter of your income and continue up to your policy benefit period. The benefit period will be […] The post How To Work Out Your Income Protection Insurance Needs appeared first on The Financial Wellness Blog ..read more

Start your baby’s budget early Setting up your baby budget properly gets you on the right path early and helps to take the financial stress out of having a child. The first 12 months are a magical time and you want to make sure you are prepared for what you need to spend your money […] The post Baby budget: What to expect in the first 12 months appeared first on The Financial Wellness Blog ..read more

Total and Permanent Disability (TPD) insurance Total and Permanent Disability (TPD) insurance is a lump sum payment paid if you suffer an insurable event that will prevent you from working again due to a disability. This type of insurance is used to assist you and your family maintain your current home, catering for medical treatment […] The post How To Work Out Your Total and Permanent Disability (TPD) Insurance Needs appeared first on The Financial Wellness Blog ..read more

Balanced Portfolio Construction A balanced portfolio targets a weighting of 50% growth assets and 50% defensive assets. The 50% defensive allocation is used to stabilise and smooth out investment returns to maintain a more consistent level of returns for investors. Defensive assets include investments such as cash, fixed interest and bonds. The 50% growth allocation […] The post Building A Balanced Portfolio appeared first on The Financial Wellness Blog ..read more

Paid parental leave scheme The Centrelink paid parental leave scheme (parental leave pay) provides government-sponsored financial support payments for up to 18 weeks to the primary carer. This payment is available for either a newborn child or a newly adopted child. The current payment is $772.55 per week or $13,905.90 in total over the 18 […] The post Centrelink Paid Parental Leave appeared first on The Financial Wellness Blog ..read more

Raiz Invest Raiz Invest is a micro-investing app by Raiz Invest Australia Limited that enables investors to commence their investment journey with as little as $5. Although you can technically contribute cents, the Raiz platform will not allocate the funds to an investment until it reaches the $5 threshold. Raiz was first launched in Australia […] The post Raiz Review appeared first on The Financial Wellness Blog ..read more

Is the stock market falling causing you stress? This is what you need to do Stock markets around the world are falling and it is causing a perfect storm of hyperactivity in the market and a lot of stress for investors. If we summed recent events impacting the world right now we have: covid 19, […] The post The Stock Market Is Falling What Do I Do? appeared first on The Financial Wellness Blog ..read more

Trauma Insurance Trauma insurance cover is a lump sum insurance benefit that gets paid if you suffer an insurable injury or medical condition. When it comes to trauma cover, this cover is designed to help you meet the initial costs of treating the trauma event such as covering short term living expenses, children’s education costs […] The post How To Work Out Your Trauma Insurance Needs appeared first on The Financial Wellness Blog ..read more

The importance of Asset Allocation Before you make your first investment, you need to be clear on what your goals are to ensure you have the right asset allocation and build a diversified portfolio in line with your attitude toward risk (losing money). Once you are clear on what your end goal for investing is, […] The post How To Choose The Right Asset Allocation To Help You Build A Diversified Portfolio & Achieve Your Goals appeared first on The Financial Wellness Blog ..read more