Money Mechanics Canberra in Canberra, Australian Capital Territory | Financial planner

Money Mechanics Canberra

Locality: Canberra, Australian Capital Territory

Phone: +61 1300 772 643

Address: Level 9, 2 Phillip Law Street 2601 Canberra, ACT, Australia

Website: http://www.moneymechanics.com.au

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25.01.2022 We have seen a technical correction in the share markets and are likely to see continued range trading over the coming months as information is digested and firm outcomes unfold around the current ‘plan for worst and hope for best’ scenarios with Covid19. If you have quality assets in play and a solid framework remember the best approach is to stay the course. This graph shows how events have impacted markets overtime and how they have trended in the long term. #markets #covid2019 #shares #framework #staythecourse #buywhenotherssell #moneymechanics #melbourne #canberra #sydney #newcastle

24.01.2022 It’s Federal Budget Day and what did they do at the RBA? Keep interest rates on hold... that’s what! Reserve bank keeps rates on hold at 0.25%..

24.01.2022 Good Morning! Check out the details of the Federal Budget 2020 https://mailchi.mp/d980152f8b/federal-budget-update-4471370

23.01.2022 Have you got your philosophy sorted when it comes to investment? It can be a loaded topic at the best of times, but more so when we are managing time of ‘crisis’. Build your framework around quality investments and make sure it is aligned to your values and life outcomes. ... Then stay the course as time play out.

20.01.2022 Episode 3 of Looking Under the Hood has dropped and we are talking about Debt and mortgages with Phoebe Blamey from Clover Financial. Debt is always interesting especially in 2020 and in a time where credit has never been so easy to acquire. Talking about first home buying, first time investment buying and what you should be thinking about int he current market with interest rates being so low. Our habits, attitudes and behaviours and comfort with debt all form part of our d...eeper relationship with the money stuff. Thanks for listening and the feedback so far it has been fun putting this together! https://omny.fm//unpacking-mortgages-and-debt-with-phoebe- #money #debt #mortgage #moneymechanics #mindset #podcast

20.01.2022 Merry Christmas and Happy Holidays - https://mailchi.mp//merry-christmas-and-happy-holidays-457

19.01.2022 Last week, the Superannuation Legislation Amendment (2020 Measures No 1) Regulations 2020 were registered, giving effect to super contribution rules announced as part of the 2019 Federal Budget. Specifically, the regulations adjust the requirements for a super fund to accept contributions by: - allowing member contributions to be accepted regardless of working status up to age 67 - extending spouse contributions to age 75, in line with member contributions.... These changes apply to contributions made from 1 July 2020. This provides additional opportunities for people over age 65 but under 67 to make contributions to super if they cannot meet the work test or use the work test exemption. If you want to review your retirement or superannuation strategies send us a message.

19.01.2022 The Banking Association has announced that banks with put mortgage repayments on hold for small business during these times. Most banks already have policy to put mortgage repayments on hold however this is a great step in the right direction during these challenging times. https://www.abc.net.au//coronavirus-banks-custome/12073930

19.01.2022 There is a lot of emotion around the world at the moment as we adjust to new life and some unknown outcomes. This is even before we add any of the money stuff to the equation. Here are some great words around the importance of ‘feeling the feelings’ at the moment and being with them. Not letting them consume you or your day but being comfortable with all the feelings that might be present for you as we grapple with the new reality of COVID19. Also a reminder that history ha...s shown that this too will pass. https://hbr.org//03/that-discomfort-youre-feeling-is-grief

18.01.2022 Happy delayed Federal Budget Day. We will provide a summary of the key elements tomorrow. All about infrastructure and tax cuts during this time of recession and COVID. #budget2020

18.01.2022 Check out our upcoming course with Short Courses by CIT Solutions talking all things Superannuation.. It is going to be Super Fun!! See what we did there. Sign up in the link below. https://citsolutions.edu.au//s/making_superannuation_super

18.01.2022 ‘‘Twas the night before Christmas and all through the house... not a creature was moving.. so it’s a perfect time to check out our latest episode of Looking Under the Hood - Unpacking Money with Scott Malcolm. Great to be joined by Elizabeth Tian to talk markets, borrowing to invest and some current themes to be thinking about in this COVID year! https://omny.fm//m/unpacking-share-investing-with-liz-tian... #markets #investing #moneycoach #podcasting #sharemarkets

16.01.2022 Throw back to the summer of 2018. I went and invested in some podcasting equipment. I love talking about our money lives and help people to upskill and feel empowered around it! Excited to announce that we will be launching Looking Under The Hood - unpacking money with me Scott Malcolm! Will share the links soon and hope you get some insights from what we put out! #podcast #launch #watchthisspace #liveyourlifeplan #moneymechanics #money #education #financeisfun

15.01.2022 Economic activity rose 3.3 per cent over the September quarter - the strongest quarterly growth since the 1970s. Household spending drove the economy, rising 7.9 per cent due to increased spending on goods and services. "But while Australia has technically exited recession, the effects of the COVID-19 Crisis will linger. Unemployment remains stubbornly high and will take several years to return to pre-COVID levels, while it will be some time before the Morrison Government’s budget measures begin to take effect and longer still until it can return its focus to creating a surplus."

15.01.2022 If you are aged over 60 and living in the ACT, the seniors card can help with savings on a few ACT government services. Check out the online resources to apply.

14.01.2022 After the year that we have had it is almost fitting to have our last episode for the year of Looking Under the Hood - Unpacking Money talking about death... It was great to connect with Rebecca Tetlow from Tetlow Legal to unpack why we as humanbeings hate talking about death and the importance of having an Estate Plan in place and the components that bring this together. Thanks for listening! ... https://omny.fm//unpacking-wills-and-estate-planning-with- See more

14.01.2022 An update on the latest by the Federal Government on stimulus around the COVID19 impacts on the economy. https://www.moneymechanics.com.au/covid-19-second-stimulus/

14.01.2022 If you are in business here are the assistance options for you announced by the federal government.

14.01.2022 The Reserve Bank of Australia has today called an emergency meeting and dropped the offical cash rate to 0.25% to help deal with the economic impacts of Covid19 with aim to further stimulate the economy.

13.01.2022 Interest rates have been left on hold by the Reserve Bank of Australia at record low of 0.25%. #ratesdecision

11.01.2022 Check out the latest #moneyandmeaning blog with The Kinder Institute of Life Planning where Scott shares some insights to our lives and that age old question of ‘what do you want to be when you grow up?’ https://moneyandmeaning-wordpress-com.cdn.ampproject.org//

10.01.2022 The Reserve Bank has announced a rate cut of 0.15% to 0.10%. The lowest in history. ‘Given the outlook, the Board is not expecting to increase the cash rate for at least three years.’ #rbadecision #interestrates

10.01.2022 Is it a good idea to take $10,000 from your super under the new COVID19 early release ? Well it depends... On what you do with the funds and how you will replenish your super. If you take $10,000 out now and you are in your 20’s it could make a $171,431 difference to your retirement savings at age 67.. So if you take it out you should consider how you are going to make that money back. If you want to chat about your situation further and the impact of the COVID19 changes around your money let us know. #super #earlyrelease #knowyournumbers #covid19 #superannuation

10.01.2022 During times of change or challenge making financial decisions can sometimes feel overwhelming. A major life transition like loss of income, job loss, closing a business and general unknown future can be traumatic. Trauma affects many aspects of our cognition, and decision making is one key aspect that becomes affected. Understanding the effects of trauma on other aspects such as working memory, planning and attention is also important: ‘be gentle with yourself, team up with ...a buddy, and take small steps to move through the situation to make sure you are safe and secure on the other side!’ If you need support contact your bank, real estate agent and any regular bill or suppliers. Check out our blog https://www.moneymechanics.com.au/covid-19-money-stuff-you/ WHAT HAS BEEN ANNOUNCED? Job Seeker Payment Range between $565.70 $790.10 per fortnight (before tax) is managed by Centrelink and is means tested based on ‘family income’ which needs to be under $3,068 per fortnight or $79,762 per year (temporary increase on $48,000 per year). Means testing (asset test waived for next 6 months). Waived waiting periods (no access to employer leave benefits or income protection benefits during payment). Rent Assistance may apply. Sole traders that become eligible for the Jobseeker Payment will automatically meet their mutual obligation requirements during this period by continuing to develop and sustain their business. Coronavirus Supplement $550 per fortnight paid to new and existing recipients of JobSeeker Payment, Youth Allowance Jobseeker, Parenting Payment, Farm Household Allowance and Special Benefit. Job Keeper Payments (from 30 March) $1,500 per fortnight subsidy paid to employers (is before tax and super payment) and is for fulltime, part time or casual employers who have been employed for more than 12 months. Eligible employees include Australian citizens, the holder of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder who has been residing continually in Australia for 10 years or more, or a Special Category (Subclass 444) Visa Holder. Managed through the Single Touch Pay Roll System.

09.01.2022 Check out our latest update on the COVID-19 market volatility, Government Stimulus and our business approach during this time. If you have any questions about your current setup please contact our office. https://www.moneymechanics.com.au/covid-19-business-as-usu/

07.01.2022 Such a hot topic at the moment with COVID and early release of super option. Check out our guest blog post on the Together Australia Website and some other great money and life resources. https://togetheraustralia.com//if-i-withdrew-10k-of-super/

06.01.2022 As there is plenty of unknown in the markets at the moment it is a good time to remember your investment philosophy. Buy good quality investments, have an appropriate strategy in place and stay the course as the markets do what they do. https://apple.news/Avy3kvdVEQSOoI6z8rgYRpQ

05.01.2022 Reserve Bank of Australia met today and has left rates on hold at 0.25%.

03.01.2022 As we start to see the lockdown ease have you got your intentions set around how your cashflow will be? We have had some powerful conversations with clients over the last few weeks around how they have managed to start saving money for the first time in a while or boost their savings or debt reduction during COVID shutdown. As the social commitments come back online make sure you have a game plan and framework set so you continue to ensure your spendings are aligned to your values and what is important to you, both today and for your future self. #cashflow #intention #financialplanner #financialfreedom #financeisfun #financialliteracy #moneymechanics #financiallifeplanning #canberra #melbourne #newcastle #sydney

02.01.2022 The Federal Government has announced further stimulus to support the economy based on the unfolding impact of Covid19. If you have any questions around what this might mean for you contact our office.