LIFE Quarterly – June 2019

LIFE Quarterly – June 2019

In this month’s issue of Prepare for Life, we look at Australia’s growing household debt. Contributing to this debt are options such as Afterpay or Zip money. It is a good idea to refer to your Budget plan before signing up to these payment plans, to ensure you
have enough money to pay for upcoming expenses such as bills, to
avoid any stress.

Are you thinking of borrowing to invest? We take a look at the options retirees have when choosing a loan and the things to consider. Before speaking with your lender, it is always best to discuss your options with your financial adviser to ensure your Pension is not affected.

Albert Einstein once said “Compound interest is the eighth wonder of the world” The article regarding Compound Interest compares whether saving small amounts for a long time is more
beneficial than compared to putting larger amounts aside later down the
track.

Also, with so many insurance companies around, selling so many different types of insurance, it can be difficult figuring out the correct type and amount of insurance you require. The article provides some helpful ideas when applying for an insurance policy.

LFP Quarterly Newsletter – June 2019

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