A McCall Financial Services Pty Ltd in Stafford | Consultation agency

A McCall Financial Services Pty Ltd

Locality: Stafford

Phone: +61 7 3356 6929

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• Consultation agency
• Financial service
• Financial planner
• Financial consultant

24.01.2022 BUDGETING & SAVING APP - PocketSmith In its basic version PocketSmith is similar to MoneyBrilliant and Pocketbook, with automatic imports of bank transactions and access to reports summarising your financial activity. It also offers features like digital and cash spending projections, calendars and a choice of either daily, weekly or monthly flexible budgeting options to suit your lifestyle and financial needs. But the value-adds you get with the paid versions could be worth ...considering if you want a more sophisticated approach to money management. A paid for PocketSmith account allows you to track spending in multiple currencies as well as reconcile income and spending for couples. There are even features to make it easier for you to share your real-time cash flow and financial position with your financial planner. Cost: Basic version is free, Premium plan $10.95 monthly, Super plan $21.95 monthly (SOURCE: MoneyandLife)

24.01.2022 BUDGETING & SAVING APP MoneyBrilliant Want to have a personal financial assistant in your pocket? According to their website, thats just what youll get with MoneyBrilliant. This app is similar to Pocketbook as it connects your bank accounts to help you monitor your finances. The basic version also allows you to connect your credit cards, loans, superannuation and investment accounts. Other basic features include creating budgets, getting bill notifications, categorizing e...xpenses, working out your net worth, and generating spending reports. With the plus plan, you get access to a whole host of other features and services. The upgrade provides alerts for better deals from service providers, recommendations for optimising your accounts and products to making your finances simpler and sorts your expenses into tax deduction categories. So if youre after a money management app with all the bells and whistles, this could be a good option if youre willing to pay. Cost: Basic version is free, Plus plan $9.90 monthly/$99 annual (source: MoneyandLife)

23.01.2022 BEFORE THE BIG DAY TALK ABOUT INSURANCE You may already have some kind of insurance cover, for example, via your superannuation fund, but if you have a mortgage, debts or other liabilities, will this cover your expenses if one of you is unable to work for any reason, becomes disabled and needs ongoing expensive medical care or passes away? (source: http://moneyandlife.com.au/)

23.01.2022 Its a confronting thought, but ELDER ABUSE is more common in families than in aged care facilities. The most likely form is financial, and it often results from well-intentioned plans that go wrong. Here are some ideas on how to help your family avoid the pitfalls. https://bit.ly/2VbuaUi

23.01.2022 GETTING AHEAD WITH YOUR SUPERANNUATION WHEN YOURE SELF-EMPLOYED If youre self-employed in Australia, theres a good chance your retirement savings arent all they could be. In fact, research from the Association of Superannuation Funds of Australia (AFSA) found in the run up to retirement, the self-employed have around half the superannuation of employees. We talked to CERTIFIED FINANCIAL PLANNER professional Dacian Moses, financial planner at Waterfall Way Associates, about strategies for the self-employed to get on track with their super contributions. READ MORE http://ed.gr/csjvm

23.01.2022 EARLY ACCESS NOT SO SUPER FOR WOMEN The COVID-19 crisis has seen many Australians taking steps to stay afloat with their finances. With women more likely than men to withdraw super to make up the shortfall in their income, what does this mean for their long term financial wellbeing? READ MORE https://bit.ly/32LqjSI

21.01.2022 BUDGETING & SAVING APP - Pocketbook It may take its name from a word used in the US for handbag, but this popular budgeting app is home grown in Australia and integrates with many of our major banks and financial institutions. Simply sync the app with your bank accounts and credit cards to track where your money is going. For cash payments you can use mobile photos and geo-location to record these, or add additional details like receipts, bills and invoices to help you track ...your transactions. Pocketbook automatically organises your spending into categories like clothes, groceries and fuel, showing you where money is being spent. You can also set up budgets for each category, see your balances and view your transactions. The app ensures all your bills are automatically detected and in the one place. Plus, you get notified when bill payments are coming up and if you have enough money to cover them. Cost: Free (source: MoneyandLife)

19.01.2022 GIFT BUDGETING TIP NO. 2 Make a list (and check it twice) Sit down and write a list of the people for whom you’ll be buying gifts throughout the year. Buy one person a present each month, and stockpile it, suggests Stevie-Jade Turner CFP. (SOURCE: http://moneyandlife.com.au/)

18.01.2022 BE BETTER WITH MONEY Small changes, big results Taking control of your money isnt just about saving. It also means getting a grip on where your money goes and making sure youre spending it on things that matter to you. If you feel like money simply slips through your fingers, there are a number of small changes that can have a big impact on your financial position. (source: MoneyandLife)

15.01.2022 BEFORE THE BIG DAY TALK ABOUT GOALS Its important for you and your future spouse to talk about your medium and longer-term goals and priorities now in order to avoid surprises down the road. This involves examining whats important to both of you and if there are any big differences in what you both want. For example, are you on the same page about if, and when, you want to start a family, whether you will buy a home, what kind and where, what fun things you expect to spen...d money on, and how you will save for retirement? Do you both intend to work full-time or does one partner hope to be a stay-at-home parent? And, what does financial success look like to each of you? Dont worry if you dont have exactly the same goals. Thats not unusual. But having this discussion will help you understand what you can expect from each other, and can also be an opportunity to consider where each of you could make compromises and how you can work together to achieve both your goals simultaneously. (source: http://moneyandlife.com.au/)

13.01.2022 BEFORE THE BIG DAY TALK ABOUT IT Dont to let small problems or assumptions grow into larger issues later on in your marriage. Talking about things and having open lines of communications could go a long way in preventing future financial tensions. It may also pay to talk to a CERTIFIED FINANCIAL PLANNER professional, who can help you work out your combined financial goals, budget better and develop a plan to help you grow your wealth so that you can achieve your goals.

13.01.2022 How to protect your mental health during the COVID-19 pandemic If youre feeling worried about the impact of COVID-19 on your financial wellbeing, youre not alone. CoreData reports that 81% of Australians are fearful about the potential impact of the pandemic on their personal finances and the broader economy. READ MORE https://bit.ly/2V6PieE

12.01.2022 BUY NOW PAY LATER PROS AND CONS With BNPL services taking over from credit cards, is Christmas spending easier or harder to keep in check? Find out how BNPL can impact your finances, in the short and longer term. READ MORE https://bit.ly/2KHK4nj

12.01.2022 Many people assume they will spend less money in later retirement and the age pension will be sufficient for their needs, but this isn’t the case. Studies show that while spending on travel and entertainment decreases, this is matched by a corresponding increase in medical, care and housing needs. (source: MoneyandLife)

10.01.2022 BE BETTER WITH MONEY - Dont delay, save today Its so easy to put off saving money until a time when well feel richer. You can come up with any number of reasons why it isnt the right time to save having student loans to settle, going travelling or having too many weddings to go to this year. Make a commitment to start saving right now, even if its a small amount. As it starts to add up, youll discover how good it feels not to be living from paycheck to paycheck. (SOURCE: MoneyandLife)

09.01.2022 The Money & Life team wants to hear your thoughts, so we can deliver the kind of content and information that is interesting, helpful and relevant for you! Wed love to hear what you think the financial impact of COVID-19 will have on women and the overall impact that your finances have on your health and wellbeing. Take this 5 minute survey to go in the draw to win 1 of 3 $50 Westfield vouchers. Click here to have your say! http://ed.gr/cin8a

09.01.2022 TOP NEGOTIATING TIPS TO CUT YOUR BILLS NOW If you’re feeling the heat of mounting bills, don’t panic. You can negotiate a better deal that lets you hang onto your cash while you weather the COVID-19 pandemic. FIND OUT MORE HERE https://bit.ly/2G7NVbi

08.01.2022 BEFORE THE BIG DAY TALK ABOUT BUDGETS AND SAVINGS When your salary is $50,000 a year, it can be easy to spend as much as you earn pretty much every month. What would happen if you end up earning twice as much in five years time? Unless youre prepared to stick to a relatively modest lifestyle, chances are you wont be saving any more when youre on a six-figure salary. Lifestyle inflation is one of the money mindsets that can have you looking back and regretting how much you spent and how little youve saved. So choose what kind of lifestyle you want to have and stick to it, regardless of how many pay rises come your way. (source: MoneyandLife)

08.01.2022 MAXIMISE YOUR SUPER TIP 1 Make extra contributions to your super or consider salary sacrificing, where a portion of your before-tax income is paid into your super by your employer. (source: http://moneyandlife.com.au/)

08.01.2022 BUDGETING & SAVING APP - WiseList With more of a focus on helping you save, this app brings a couple of extra elements to managing your budget and bills. Its designed to help you spend less on your food bills, with features for comparing product prices and getting family members working together on shopping lists. You can also keep track of loyalty points youre earning as you shop and plan to save even more with app notifications when your favourite products are on special.... It has some handy features for keeping on top of your other bills too. Simply take a photo of each bill and the app will store all the important information and alert you before the due date. Cost: Free (source: MoneyandLife)

07.01.2022 DROPPING YOUR SUPER TOO LOW CAN NEGATE YOUR SUPERS LIFE INSURANCE If you dont have much in your super account at the moment and withdrawing $20,000 drops it below $6000, you can lose the life insurance provided by your super. If you dont want to lose this life insurance, you need to contact your super fund and let them know, otherwise they can cancel it if your account drops below $6000.

07.01.2022 BE BETTER WITH MONEY Choose a lifestyle and stick to it When your salary is $50,000 a year, it can be easy to spend as much as you earn pretty much every month. What would happen if you end up earning twice as much in five years time? Unless youre prepared to stick to a relatively modest lifestyle, chances are you wont be saving any more when youre on a six-figure salary. Lifestyle inflation is one of the money mindsets that can have you looking back and regretting how much you spent and how little youve saved. So choose what kind of lifestyle you want to have and stick to it, regardless of how many pay rises come your way. (source: MoneyandLife)

06.01.2022 HOW CAN YOU MAKE A DECISION THATS BEST FOR YOUR FAMILY? If you dont know whether accessing your super early is the best move for your family, call me (Amanda McCall) on 07 3356 6929 or send me an email at [email protected]. I can help you work through your finances and give you the power to make a decision thats right for you and your family.

05.01.2022 Helping clients achieve their financial goals in life My goal is to help you understand exactly how your money is invested and to develop the confidence you need to make sound financial decisions into the future. http://bit.ly/2xiY5PZ

04.01.2022 A study by global investment manager Schroders found that people significantly underestimated the cost of living in retirement. They expected to spend an average of 34% of their retirement income on basic living expenses, but in reality, they required nearly 50%. (source: http://moneyandlife.com.au/)

04.01.2022 GIFT BUDGETING TIP NO. 1 Decide what you can afford Create a gift savings account. According to CFP professional Ralph Taylor, you should start with a float amount of $200-$300 and contribute $20+ per week. If you’re spending more than 1% of after-tax household income on gifts, you may be spending too much, Ralph says. (SOURCE: http://moneyandlife.com.au/)

02.01.2022 BE BETTER WITH MONEY DEVELOP YOUR OWN VALUE One of the most important investments you can make is in yourself. Whether thats reading up on something that interests you, improving your skills and education, getting expert support from a coach or mentor or looking after your health and well-being, youll end up reaping the rewards. Sometimes youll get paid more as a direct result of your efforts. Or it may be more a case of creating new opportunities and moving towards your goals with positive energy and purpose. (source: MoneyandLife)

01.01.2022 BEFORE THE BIG DAY TALK ABOUT LEGALITIES Did you know that your Will, if you have one, will become invalid when you marry, unless it specifically states it was made in contemplation of marriage? If you dont update your Will to reflect your new status, and unfortunately pass away, a large part of your estate may be awarded to your spouse. This, of course, may not be a problem, especially if its your first marriage. It could, however, be an issue if you have children from... a previous marriage or if there are other people you want to provide for. Also, if you are coming into the marriage with large financial assets or a property, you may want to consider whether you need a prenuptial agreement if things dont turn out as youd hoped. (SOURCE: MoneyandLife)