Aussie Finance Blog

Australian personal finance news, tips and advices.

Why Should Financial Literacy be Taught?

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Compensation for this post was provided by Upskilled. Opinions expressed here are my own.

The need for greater financial literacy among Australians is undeniable. Negotiating the financial landscape is an essential 21st Century life-skill, with everyone required to manage money effectively in order to achieve financial and lifestyle goals. The importance of financial literacy hasn’t gone unnoticed by governments either. Initiatives including the National Financial Literacy Strategy 2014-2017 and ASIC’s MoneySmart Teaching program are specifically designed to assist Australians overcome financial hurdles after completing their education. ... (read more)

3 Important Ways Professional Indemnity Insurance Can Save You

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Compensation for this post was provided by ProfessionalIndemnityInsurance.com.au. Opinions expressed here are my own.

When you’re running a small business, there’s so much to think about. Professional Indemnity Insurance may not be high on your priority list. But it should be.

From the moment you start providing advice or performing a service, you could be at risk from a negligence claim – and the consequences could be devastating. Between legal costs and the settlement, you could face a five- or even six-figure sum, not to mention the damage to your business and personal reputation. ... (read more)

How HECS-HELP Works

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Successive Australian governments have encouraged schemes that provide the opportunity for higher education for all, regardless of individual financial limitations. These initiatives are highly acclaimed by educationalists around the world, especially those residing in countries where equal study opportunities are not prevalent. The HECS-HELP system has strong support in Australia, although detractors cite the huge burden on the taxpayer in maintaining the system. So, what is HECS-HELP, and how exactly does it work? ... (read more)

How Much Carer’s Leave Can I Take?

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Sometimes, despite the best intentions, an accident or illness can affect you or your loved ones. Such times are distressing for the individual concerned, and can also be disruptive to any business or workplace. Every situation is different, but a time could come when you are called upon to care for a close relative or household member. Fortunately, all full and part-time employees are eligible to take paid or unpaid carer’s leave in times of emergency. ... (read more)

How to Claim Paid Parental Leave

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Modern Australian households typically involve both parents engaged in occupations outside the home, or a single parent working full or part-time in order to make ends meet. The Australian Government provides Paid Parental Leave for parents or primary carers of newborn children. Paid Parental Leave can be provided for up to 18 weeks.

Paid Parental Leave Eligibility

Paid Parental Leave is available for the primary carer (usually the birth mother) of a child. You will need to meet Australian residence requirements, and earn less than $150,000 during the year prior to the date of the child’s birth. If you are employed, you will need to be on leave or not working for the duration of your Paid Parental Leave. You will also need to satisfy the work test requirements. ... (read more)

Stopping Workplace Bullying

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Compensation for this post was provided by Firths Compensation Lawyers. Opinions expressed here are my own.

There is a common conception that bullying is something that only goes on in the school yard. Unfortunately, the tactic of domination by fear, intimidation or physical abuse often carries on into adult years, and is increasingly found in the workplace. Regardless of where the blame rests, bullying in all its ugliness is unacceptable, and perpetrators are accountable for their actions. There are Australian laws in place to deter bullying and compensate victims. ... (read more)

Upgrade Your Career

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You can only climb a ladder one step at a time. It’s the same in the business or corporate world, with each step you take leading you higher in your chosen field. Furthering your education and improving your skill-set will give you the best chance of climbing that ladder and improving your lifestyle.

In today’s competitive work environment it makes sense to keep one step ahead of the competition, whatever your field of employment. There is always more to learn and greater learning can translate into greater earnings. Whether you are a recent school graduate or are of mature age with a keen desire to learn new skills, a huge range of study options are available to suit you. ... (read more)

Real World Skills We Didn’t Learn at School

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For many of us our school days were some of the best times in our life. We made friends, had some fun and even learnt a thing or two. Then came our graduation and entry into the ‘real world’ where we were encouraged to stand on our own two feet and make a name for ourselves. Some progressive thinking kids had their career mapped out already: university, followed by employment in a specific field of expertise, a good wage and all the trappings that follow. ... (read more)