Friends With Money

Tax season is nearly upon us once again, so what are the tax changes you need to know about and the steps you can take to start to prepare?

This week on the Friends With Money podcast, Money’s Tom Watson is joined by director of tax communications at H&R Block, Mark Chapman, to talk all things tax in the lead up to the 2024/25 financial year. They discuss:

• Stage three tax cuts and small business changes
• Property, crypto and other ATO focus areas
• Working from home deductions
• How to start getting prepared 
• The last-minute deductions worth considering

#friendswithmoney #tomwatson #markchapman #tax

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Did you know emotions can get in the way of how well you manage your money? Being aware of the money lessons you learned during childhood, and the feelings that come up around finances when you think or talk about them, can be a great first step towards taking control of your finances and creating real wealth.

This week on the Friends with Money podcast, Money’s Joanna Tovia is joined by financial advisor Dawn Thomas from The Wealth Designers to talk about how to improve your relationship with money.

• How do emotions get in the way of sound money management?
• Why are feelings of guilt, shame and apathy so common when it comes to money?
• Why it’s important to celebrate the things we’ve done right with our money
• What a healthy relationship with money looks like
• 5 tips to better manage your money

 #friendswithmoney #psychology #wealth #family

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The 2024 Federal Budget is less than a week away, so what can we expect to see in the way of cost of living relief and other measures from the government?

That's the topic of discussion on this episode of the Friends With Money podcast featuring host Tom Watson and deputy chief economist at AMP, Diana Mousina.

• What is the economic backdrop to the 2024 federal budget?
• Is the government likely to provide further cost of living relief?
• Could any new housing affordability measures be included?
• Will there be any superannuation or tax changes?

#friendswithmoney #tomwatson #dianamousina #federalbudget

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Since Covid restrictions eased, we have been traveling overseas more than ever.

But when budgets are tight, how can we save money and still have the holiday we've been dreaming of?

This week on the Friends With Money Podcast, Money's Michelle Baltazar chats with Tristan Dakin, ANZ Country Manager at Wise, about saving hundreds of dollars on travel costs.

• The real cost of cross-currency expenses 
• Avoiding ATM fees
• Is pre-paying an option?
• Best way to pay when overseas
• Top tips to save when travelling

#friendswithmoney #michellebaltazar #tristandakin #traveltips

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The end of the financial year is fast approaching, so is now the time to check in on your super and consider an extra contribution?

This week on the Friends With Money podcast, Money’s Tom Watson is joined by Renae Anderson, manager of select advice at UniSuper, to chat about the super moves worth considering before and after July 1. They discuss:

• When and how to make a personal contribution
• Whether it’s possible to top up a spouse or partner’s super
• The new super guarantee rate in 2024-25
• Advice for women looking to boost their super balances
• The range of advice available from super funds

#friendswithmoney #tomwatson #renaeanderson #superannuation

This episode is brought to you by UniSuper.

Links:

For calculators: Superannuation calculators & tools | UniSuper

For upcoming webcasts: UniSuper Learning Hub (on24.com)

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The information in this podcast is of a general nature and doesn’t consider your personal circumstances. Before making decisions, you should consider whether the information is appropriate for your circumstances otherwise seek financial advice.

Whether it’s purchasing a home or paying off credit card, we all have financial goals we want to achieve, but seeing them through is not always the easiest of tasks.

This week on the Friends With Money podcast, Money’s Tom Watson is joined by Mohamed Khalil, head of financial wellbeing, research and design at ANZ, to discuss the psychology behind goals and the steps we can take to set, progress and achieve them.

• How should people approach setting a goal?
• Why can utilising the Fresh Start Effect be helpful?
• Is it important for goals to have a specific end date?
• How can automation help people progress their financial goals?
• Is it important for goals to have a purpose?

#friendswithmoney #tomwatson #mohamedkhalil #financialgoals

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Have you thought about how your super is invested? Taking the time to consider, and even adjust, your investment settings could impact your balance down the track.

This week on the Friends With Money podcast, Money’s Tom Watson is joined by Jeremy Lack from TelstraSuper Financial Planning to discuss picking an investment option in your superannuation.

• How do super funds invest?
• What investment options can members choose from?
• How can super holders get their investment mix right?
• What kind of impact can investment options have come retirement?
• Where can super members go for guidance?

 #friendswithmoney #tomwatson #jeremylack #superannuation

This episode is brought to you by TelstraSuper.

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Disclaimer:

Jeremy Lack is a financial adviser with Telstra Super Financial Planning Pty Ltd ABN 74 097 777 725 AFS Licence No. 218705. TelstraSuper Financial Planning provides financial advice service to members of TelstraSuper ABN 85 502 108 833. Telstra Super Pty Ltd ABN 86 007 422 522 is the trustee of TelstraSuper and wholly owns TelstraSuper Financial Planning.  Advice that Jeremy gives is of a general nature and does not take into account the particular circumstances or needs of any specific person and because of that, you should consider your own circumstances before acting on any advice . If you are considering acquiring a financial product from TelstraSuper you should read the relevant product disclosure statement and target market determination before making a decision which are available  at  www.telstrasuper.com.au.  The financial services guide for TelstraSuper Financial Planning is available at www.telstrasuper.com.au

Interest rates have reached a peak. At least, that’s the consensus among many experts who expect rates to start to fall in the near future. So how can borrowers and savers prepare?

This week on the Friends With Money podcast, Money’s Tom Watson is joined by Rachel Wastell, personal finance expert at financial comparison website Mozo, to discuss the possible timing and impact of any future rate cuts.

• What is the Reserve Bank saying?
• When are economists expecting rates to fall?
• Are banks already adjusting their rates in anticipation?
• Is there anything mortgage holders can do to prepare?
• What should savers consider doing now?

#friendswithmoney #tomwatson #rachelwastell #interestrates

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Ever wondered if it’s possible to take out a loan to build your share portfolio? After all, investment loans are common place in property investing.

This week on the Friends With Money podcast, Money’s Tom Watson is joined by Lily Elliott, head of margin lending specialists Leveraged, to discuss the ins and outs of margin loans.

• How are margin loans different from other loans?
• What kind of equities can be purchased with a margin loan?
• How much can investors borrow, and what determines that?
• When and how do investors pay the loan back?
• What are the potential risks and benefits involved?

#friendswithmoney #tomwatson #lilyelliott #investing #marginloans

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Home internet and mobile plans may have become part and parcel of everyday life, but that doesn’t mean you need to be paying over the odds to stay connected.

This week on the Friends With Money podcast, Money’s Tom Watson is joined by the managing editor of WhistleOut Australia, Alex Choros, to discuss getting a better deal on your broadband and mobile phone plans.

• Who are the different providers?
• How do mobile networks and the NBN work?
• What are the most important features when comparing plans?
• What are some of the cheapest mobile and internet deals around?
• Which providers are offering the best value plans?
• How can Australians stay connected while travelling overseas?

#friendswithmoney #tomwatson #alexchoros #broadband #mobile

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