Money Australia – July 2023
English | 94 pages | pdf | 30.73 MB
Welcome at Money Australia Magazine July 2023 issue
Freebies are the unsung heroes of frugal living. In a world where every dollar counts, embracing the power of “free money” can be a game changer for our wallets. Check out this month’s cover story (page 34) on how to find that money you didn’t know you had. How many of the 12 items have you ticked off already?
If your mortgage repayments are fast eroding your emergency funds, you’re not alone. Many homeowners are trying to navigate their way out of the so-called mortgage cliff. The solution will differ based on your personal circumstances, but it pays to exhaust all options before waving a white flag. Read Serina Bird’s tips on how to repay your home loan faster even with rising inflation (page 62).
Let’s not forget about investing. There’s a lot of street talk around lithium, so our regular investment columnist Max Riaz breaks it down for us (page 68). Peel away the hype and there’s definitely something about the future demand for renewable energy that’s propelling lithium companies into the limelight.
And retirees are getting a “pay rise” from July 1 (page 72). The minimum drawdown amounts for account-based pensions, which were reduced during the pandemic, will revert to normal. That will leave many retirees, who grew
accustomed to living on a lower income, with extra money to spend, save or even reinvest. There are plenty of cost-saving tips and investment ideas in this issue. Best enjoyed with a hot cup of tea.
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