Hey Honeys, What a week!!!

This week we dive into all the changes to your income from July 1. From minimum wage to new income brackets, rebates and the changes to super.

Whether you are an employee wanting to know what your entitlements are, or you're a small business owner and you want to know how these changes affect your employees and your income, we have you covered!

Also all the support for first home buyers is still available and we go over what that means and whether or any of those supports are applicable to you. There are a handful of providers that offer this support and we have linked a list of them down below.

Don't miss out on valuable insights to help you navigate your Happy Money Journey. Enjoy the episode and share your thoughts with us in the comments!

https://www.housingaustralia.gov.au/participating-lenders

Hey honeys on this week's podcast we sit down and talk about the scary side of retirement

We understand the importance of avoiding common money mistakes to secure a stable financial future. In this episode, we delve into key pitfalls that women over 40 should steer clear of.

Firstly, neglecting retirement planning is a major mistake. It's crucial to start early, maximise contributions, and take advantage of tax breaks and diversification within retirement savings. Understanding compound interest and the benefits of starting early can significantly impact your financial future.

Healthcare costs tend to rise as we age, so it's essential to plan for these expenses. Whether it's health insurance, health savings accounts, or regular check-ups, investing in your health now can prevent financial strain later on.

Estate planning is another critical aspect to consider. Having a will, setting up a testamentary trust, and ensuring designated beneficiaries for your accounts can help avoid legal complications and ensure your assets are distributed according to your wishes.

Knowing your financial goals for retirement is key. Whether it's travelling, downsizing, or owning your home, having a clear plan can guide your financial decisions and prepare you for unexpected life events like the death of a spouse or divorce.

Owning your home is emphasised as a crucial step towards financial security in retirement. Stories of individuals facing homelessness or financial instability due to lack of home ownership highlight the importance of this asset.

Managing debt is also essential. Prioritising debt repayment and having an action plan in place can help ensure a debt-free retirement.

By focusing on these points we can take proactive steps towards securing their financial future. Remember, it's never too late to start, but the earlier you begin, the better off you'll be.