Australian Finance Mentor | Businesses

Australian Finance Mentor

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25.01.2022 When things get busy, it's easy to lose track. So, make sure you're keeping track of all of your small business expenses. These can add up quickly, but reviewing them allows you to fine-tune where your money goes.

24.01.2022 Having clear financial projections is important. If you don't know where you want to get to, how do you know how you will get there?

24.01.2022 In today's economy, it's hard enough to keep up with bills, let alone save money. Learn how to develop a budget and prioritise saving to achieve your financial goals. Need help to develop a budget and prioritise saving? Contact Australian Finance Mentor for all your personal finance needs!

23.01.2022 Australia's Finance Minister Mathias Cormann will step down at the end of the year. Cormanns departure could prompt a shake-up of the federal governments front bench halfway through the new conservative governments term. It comes at an uncertain time for Australias economy.

23.01.2022 Cash-strapped battlers have another opportunity to withdraw an additional $10,000 from their accounts now that we have entered a new financial year. Call us today to discuss your options.

22.01.2022 We understand the importance of financial management and that’s why we want to deliver relevant content to help you suitably manage your finances in the most effective way!

21.01.2022 Make sure expansion is done steadily and wisely. Pushing large amounts of money into expansions that are too quick and too drastic can be disastrous.

21.01.2022 Regular savings are an essential part of personal finance management. Savings are important not only for planned events such as holidays or buying a home, but also to help cover the cost of unplanned expenses that come up throughout our lives.

20.01.2022 A small business’s needs are completely different from a medium-sized, well-established enterprise. Each small business is at different stages and requires different assistance. For financial assistance for your business contact Australian Finance Mentor. We can help you!

20.01.2022 Happy Father's Day! #fathersday

19.01.2022 AFM and its partners will never intentionally change a rate. However, rates might increase or decrease if your financial position changes or if there’s a shift in the financial landscape. Rest assured rate changes aren’t usually spontaneous. Our team will be able to inform you of forecasted changes.

19.01.2022 Are you currently struggling to make ends meet? The Australian government is allowing citizens, permanent residents, and some temporary residents to dip into their nest egg! You may be eligible to access up to $10,000 in the 2019-20 financial year and another $10,000 in 2020-21. Contact us to find out more. https://www.canberratimes.com.au//how-can-i-access-super-/

19.01.2022 Around 2 million Australians have withdrawn their superannuation early, with 500,000 emptying the vault entirely. But once the dust settles and the immediate financial crisis period ends, the major financial move could leave you wondering: whats next? Give Australian Finance Mentor a call today to find out more!

18.01.2022 Our team can let you know how much you can borrow based on your current situation. We can also show you how much your loan repayments may be and the price you can bid or make an offer on a property for.

15.01.2022 Mortgage holders are their own worst enemy. Four in five people know they are paying too much on their loan, and almost two thirds say that its okay. You cant settle for okay when it comes to your biggest bill each month, Canstars finance expert Steve Mickenbecker said.

15.01.2022 Business deductions are no more than the companys expenses businesses tax on profit, not revenue. The more fees you record, the fewer taxes you will pay.

14.01.2022 Australians are provided with 9.5% of superannuation with every payslip, however, you may want to think about putting away 10 or 11% depending on how much youve saved to date. Keeping your retirement savings in your finance tool belt will ensure youre on the right track for your future goals.

13.01.2022 Australia is known for narrowly avoiding a recession during the infamous global financial crisis of 2008, and dodged the lows of the 1997 Asian financial crisis. But how is the Australian economy performing in 2020? Economists across the board are predicting a recession, adding that its just a question of how bad it gets and how long it lasts. https://capital.com/australian-stock-exchange-after-coronav

13.01.2022 Credit card offers and applications are everywhere, they are quick and easy to apply, but that doesnt mean you should take the bait. Always keep in mind that you are making a significant financial decision.

13.01.2022 We understand the importance of financial management and thats why we want to deliver relevant content to help you suitably manage your finances in the most effective way!

13.01.2022 Happy Mother's Day.

12.01.2022 If you are a long-term home loan customer, you could be unnecessarily parting ways with thousands of dollars a year, just by sticking with your current lender! Are you happy with your current lender?

12.01.2022 A survey conducted by News Corp and Pulse of Australia has found that checking personal finances is something many Australians ignore, but the health crisis has prompted people to act. Checking superannuation was the most common move, followed by reviewing mortgages and insurance and looking to refinance loans. Have you got your personal finances in check?

11.01.2022 Without cash, the survival of your business is very flimsy. The reason why most small businesses fail is that they lack a focus on cash flow.

11.01.2022 The governments $130 billion JobKeeper payment is a welcomed relief for most businesses, but the scheme will create major cash flow issues for others. Employers first need to pay all eligible employees a minimum of $1500 (before tax) per fortnight to claim the JobKeeper payment. This will be paid to the employer in arrears each month by the government. https://dynamicbusiness.com.au/theinformer/ media-releases/why-jobkeeper-creates-cash-fl ow-issues-for-businesses.html

10.01.2022 NSW Treasurer Dominic Perrottet has announced bold plans to end stamp duty as one of many tax reforms to help the nation recover from the economic hit of coronavirus.

10.01.2022 AFM, unlike many others, will never promise you the lowest rate in the market. However, we’ll secure the lowest rate that best suits your financial position.

10.01.2022 By steering around the banks and less equipped brokers, you bypass all their big, built-in costs. Our intuitive mortgage rate locating platform helps find the most competitive rates from reputable Australian lenders, which is then assessed by our team of mortgage specialists for its suitability to your specific financial situation.

09.01.2022 As a business owner, there are benefits to having both personal and business credit cards. Having both types of credit cards can help you to simplify accounting by keeping personal and business expenses separate. Australian Finance Mentor is here to assist you with all your business finances. Contact us today!

08.01.2022 More than ever, it’s important to know that your money, for your future, is in trusted hands. At Australian Finance Mentor, we’re here to guide you through planning for retirement during times of change, so you can approach it confidence.

08.01.2022 Transfer part of your pay into your savings account. You can ask your employer to do this for you or you can set up a direct debit. This way, you're saving without even having to think about it. Australian Finance Mentor - Helping Australians Build Their Financial Future

07.01.2022 Extra repayments on your mortgage can cut your loan by years. Putting your tax refund or bonus into your mortgage could save you thousands in interest.

06.01.2022 Check your consolidated loan timeline. You might have scored a lower interest rate to reduce your repayments, but if the loan term is stretched out much longer than the individual debts were, you could end up paying more interest over the life of the loan.

06.01.2022 Australia has flattened the curve of COVID-19 transmission, however, the curve of unemployment raises another challenge for the Australian economy. The Reserve Bank of Australia predicts that unemployment will reach 10%. https://au.finance.yahoo.com//unemployment-next-coronaviru

05.01.2022 Need help paying down debt? Create a budget and prioritise your payment plan. It feels good to be debt free. Contact Australian Finance Mentor today to discuss your personal finances!

05.01.2022 Money matters have a huge impact on almost all areas of our life. But when you have regular income and expenses, its very easy to fall into habits that dont make the most of your cash. We understand the importance of financial management. Contact one of our mentors for more information.

05.01.2022 The COVID-19 crisis is having a big impact across the country as job uncertainty increases in Australia. If you've lost your job or you're worried about your finances, it can help to know that there are ways to find financial relief. Speak to us today to discuss your options.

04.01.2022 Businesses are operating in rapidly changing times. As a business owner, deciding on how to invest, time, and money into areas that will provide a return, tends to be the biggest challenge of all. Australian Finance Mentor is a community of thought-leaders with the goal to equip business owners with the education to look outside the traditional finance structure that comes from the banks & explore opportunities to get themselves ahead. Send us a message to find out more!... https://australianfinancementor.com.au/business-finance/ See more

04.01.2022 A second wave of infections would cost Australia $100 billion in lost national income, according to new research that also warns against withdrawing government support too early.

04.01.2022 The Reserve Bank of Australia (RBA) cut the official interest rate down to its 0.25 per cent floor in March, helping homeowners stay on top of their repayments and inject cash into the economy. As the end of the banks six-month mortgage holiday looms, and the scale of the recession becomes clearer, the question turns to how long rates will remain at this record low.

03.01.2022 Learning how to cut back on costs is much easier when you ask for help from professionals. For more information about personal finance management, speak to the Australian Finance Mentor today.

03.01.2022 Your budget is the cornerstone of your personal finances. To make your budget, youll first need to review your income, expenses and debts. Do you have money left over after paying your expenses and debts?

02.01.2022 Do you have questions on personal or business financing? The Australian Finance Mentor is a community of thought-leaders who can provide you with the education needed to answer them.

02.01.2022 Our aim is to build long term relationships with our clients by providing them with expertise and access to a wide range of Finance Products.

01.01.2022 The national cabinet has approved a comprehensive set of health protocols to enable commerce to resume in a COVID-Safe environment. This could enable a vast majority of businesses to be up and running in less than two months.

01.01.2022 Communicate with your lender, this is very important and can often favour you in times of when you may need an extension of your loan or a reduction of the minimum payment terms. It is far safer to approach your lender and express difficulty in meeting the terms as opposed to missing a payment.