When it comes to growing your wealth, sticking to some hard-and-fast rules can go a long way. Michela Allocca would know. She’s a former financial analyst who managed to accumulate a net worth of more than $500,000 by age 28, according to documents reviewed by CNBC Make It. In 2022, she left her corporate job … Read more
Saving $20,000 in a year seems overwhelming — but looking at it in smaller numbers can make it less daunting. With 2024 upon us, Téa Angelos, the Australian founder and CEO of Smart Women Society, has created a three-part money-saving challenge to help you boost your bank balance. WATCH THE VIDEO ABOVE: How to save … Read more
Anthony Albanese has ruled out an increase to welfare payments in exchange for crossbench support to ensure the passage of the government’s proposed changes to stage three tax cuts. Under a reworked scheme unveiled by the prime minister on Thursday, anyone earning less than $150,000 will receive a larger tax cut while those earning more … Read more
Fg Trade | E+ | Getty Images After the loss of a family member or close friend, one of the last things someone wants to think about is their job. Unfortunately, they often have to. The U.S. has no federal bereavement leave policy, meaning workers aren’t guaranteed time off after the death of a loved … Read more
Australia’s electric car drivers will be offered the chance to fill up their vehicles for less than $5 as part of a trial by the nation’s biggest energy retailer. Origin Energy has revealed plans to launch its EV Power Up trial next month as part of a larger plan to manage demand on its network … Read more
Ascentxmedia | E+ | Getty Images High inflation has prompted even well-to-do Americans to rethink their spending habits. But one group — affluent millennials — are more likely to lie or exaggerate their finances to appear financially successful, according to a recent survey from Wells Fargo. That goes for 34% of affluent millennials versus just … Read more
Alvaro Gonzalez | Moment | Getty Images Why there’s an accounting shortage Accounting has a reputation of long work hours coupled with stressful deadlines, leading college students to opt for other lucrative roles in finance like investment banking, consulting or data analysis. The declining birth rate also plays a role into the low supply of … Read more
U.S. Treasury Secretary Janet Yellen speaks at the International Brotherhood of Electrical Workers 357 union hall in Las Vegas on Aug. 14, 2023. Ronda Churchill | Bloomberg | Getty Images With the opening of tax season only days away, the IRS has unveiled a plan to simplify the millions of complicated notices sent to taxpayers … Read more
Anthony Albanese has unveiled a major redesign of stage three tax cuts in a move aimed at helping low- and middle-income earners battling through Australia’s cost-of-living crisis. The stage three cuts — which were introduced and legislated while the former Coalition government was in power and before the current economic environment marred by crippling inflation … Read more
Brand X Pictures | Stockbyte | Getty Images When faced with an unexpected $1,000 expense, more than one-third of Americans would borrow the money, according to a new Bankrate survey. That may include tapping their credit cards, seeking money from friends or family or taking out a personal loan. Most would not turn to cash … Read more
