80% of Australian millennials have a strict budget. This is a significant increase compared to previous generations, as only two-thirds of older generations stick to a monthly or yearly budget. We know that millennials have been portrayed negatively in the media for their spending habits, … Read more about Money Habits by Generation: How Do People of Different Age Brackets Save and Spend?
How can we help people save more?
Humans are terrible at making good decisions around health and finances. A startling fact is that 43% of people now die from preventative disease relating to bad decisions. The choices we make are literally killing us, so why do we do it? Psychology Today narrowed it down to three basics - wanting … Read more about How can we help people save more?
Why Don’t We Love Superannuation?
Ask most people about superannuation and the yawns come thick and fast and eyes glaze over. Despite it potentially being the gateway to a secure retirement, superannuation is something most people check once a year and just hope the numbers go up. It is a weird catch 22, where funds don’t want … Read more about Why Don’t We Love Superannuation?
Navag8 – a user perspective
What I learned from savings automation and account aggregation. Savings automation is not a new thing, it’s in the top five tips from every financial planner but it’s really only recently that digital tools have made it personal. And I’m not talking the goal option that pops up in online banking. … Read more about Navag8 – a user perspective
Why We Use Goal Focused Savings
We know it’s a good idea to put some money away for a rainy day, but how many actually do it? Not enough according to the ME Bank’s Financial Comfort Report from June 2018. This report found that 25% of households have less than $1,000 in cash savings, and 17% of households can’t pay … Read more about Why We Use Goal Focused Savings