Where should I put my emergency fund for best returns?

Where should I put my emergency fund for best returns?

A month or so ago I wrote about a common need of many people to try and optimize their emergency fund at the expense of low risk and accessibility. There is a desire to optimize every dollar. But if that comes at the expense of putting it in an account that is too risky or one that is […..]

Is compounding really that magic after all?

Is compounding really that magic after all?

There is not much more in the personal finance world that gets a money person (me included) drooling than compound interest.

Just the mention of those two words lights up their eyes.

If you are a regular reader you would already know about the benefits of compound interest by how much I talk about it.

But sometimes I feel I may be overstating the importance of compound interest […..]

The Reserve Bank want a recession....Or do they?

The Reserve Bank want a recession....Or do they?

Since last week’s 0.75 percentage point increase in the official cash rate, there’s been much talk about a recession. Although it was a large increase in OCR, the talk has been more based around the commentary from the Reserve Bank.

The Reserve Bank mentioning in no uncertain terms that inflation must be tamed and that they are trying to engineer a recession. Of course, the […..]

The advantage of having money

The advantage of having money

When you have no money you can only afford the cheapest of everything. Unfortunately though, cheap often costs more over the long run.

Not until you start building up your cash reserves do more options open up.

When you have no money, for example, you may only be able to afford a $50 pair of shoes for work. These shoes, due to the poorer quality of materials, may need replacing every year. Whereas a […..]

Follow