Increase in superannuation guarantee rate forecast to boost retirement savings by $21,000

Increase in superannuation guarantee rate forecast to boost retirement savings by ,000

The average Australian will have about $21,000 more sitting in their nest egg by retirement following a change to superannuation contributions, according to new analysis. The superannuation guarantee increased from 11 to 11.5 per cent this month, meaning the compulsory superannuation payments made by your employer have risen. An average worker earning about $72,000 would … Read more

How Project 2025 could impact your taxes under a second Trump term

How Project 2025 could impact your taxes under a second Trump term

Republican presidential nominee and former U.S. President Donald Trump applauds on Day 2 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 16, 2024. Elizabeth Frantz | Reuters As former President Donald Trump secures the Republican presidential nomination, both political parties are eyeing Project 2025, a multi-pronged policy plan … Read more

No. 1 factor to consider when investing in new clothes

No. 1 factor to consider when investing in new clothes

In recent years, Michela Allocca has built a capsule wardrobe to help cut back on clothes shopping and make getting dressed easier.  The idea is to have a streamlined closet with a limited number of basic clothing items you can mix and match. But Allocca’s closet didn’t get that makeover overnight. “I have purchased a … Read more

Single wedding guests spend $273 more than couples, study shows

Single wedding guests spend 3 more than couples, study shows

Dana Saydak estimates she’s been to about 40 or 50 weddings. “There was one weekend where I went to two or three,” the 33-year-old tells CNBC Make It. Saydak, who works in tech sales in Chicago, says that since she’s started dating she’s attended about half weddings single and half partnered. “Women being single at … Read more

Mortgage interest rates are expected to drop by the end of the year

Mortgage interest rates are expected to drop by the end of the year

With inflation decelerating, interest rate cuts are widely expected later this year. Traders are predicting a September cut with near 100% certainty, according to the CME FedWatch Tool, which uses market data to predict Federal Reserve interest rate decisions. That’s potentially good news for homebuyers, since interest rate cuts would likely make monthly mortgage payments … Read more

Retailers move toward ‘check zero’

Retailers move toward ‘check zero’

Nadya Lukic | E+ | Getty Images Most Americans may not even remember the last time they wrote a check. Only 15% of adults said they wrote a few checks a month in 2023, according to a recent report by GoBankingRates. At the time of the late November survey, 46% of the more than 1,000 … Read more

Millennial couple making $A340,000 will ‘constantly feel poor’ unless they change their habits, says money expert

Millennial couple making $A340,000 will ‘constantly feel poor’ unless they change their habits, says money expert

Maddie, 29, and Paul, 33, live well in London. Although Paul recently left his job, they’re still earning $US230,000 ($A341,000) a year from Maddie’s income, the couple tells self-made millionaire and money expert Ramit Sethi on a recent episode of his I Will Teach You To Be Rich podcast. Their last names are not used. … Read more

What to know about airline refunds, delays

What to know about airline refunds, delays

Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty Images Major airlines like United, Delta and … Read more

Here’s how Taylor Swift’s lyrics can inspire a better budget

Here’s how Taylor Swift’s lyrics can inspire a better budget

Taylor Swift performs at Friends Arena on May 17, 2024 in Stockholm, Sweden. Michael Campanella/tas24 | Getty Images Entertainment | Getty Images Pop singer-songwriter and cultural phenomenon, Taylor Swift, is one of the most in-demand acts today, with the iconic Eras Tour the first to cross the $1 billion threshold. There are so many impactful … Read more

Education Department to pause SAVE student loan payments amid legal battle

Education Department to pause SAVE student loan payments amid legal battle

US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024.  Andrew Caballero-Reynolds | AFP | Getty Images The U.S. Department of Education says it will pause millions of student loan borrowers’ payments while it defends its relief plan against legal challenges. Borrowers enrolled in … Read more